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News and analysis about Quantum Computing trends and applications best practices
The quantum-as-a-service platform aims to remove hardware barriers and encourage the widespread use of quantum computing across various sectors, including but not limited to aerospace and defense. Based in Paris with a diverse and experienced team, ColibriTD is collaborating with industry experts, academics, and investors to explore new use cases for quantum computing. The round of funding led by Earlybird Venture Capital's Earlybird-X, in collaboration with a group of business angels, will be...
OVHcloud, the European cloud leader, has purchased its first quantum computer, the MosaiQ, powered by a photon processor and developed by French company Quandela. This move demonstrates OVHcloud's commitment to and support for the emerging ecosystem of quantum computing. The purchase will provide OVHcloud's research and development teams with the appropriate tools to experiment with various use cases for a machine based on a Quantum Processing Unit (QPU). This acquisition follows last summer's...
Google's Quantum AI researchers have made a significant breakthrough in quantum computing that could help solve one of the major issues of the technology. While quantum computers have been touted as the future of computing, they are also prone to errors. Google has found a way of building the technology so that it corrects those errors, and the researchers say that they have moved towards building a functioning and useful quantum computer after the discovery. The scientists note that more work...
A team of scientists at the University of Sussex have made a significant breakthrough in quantum computing, paving the way for the development of multi-tasking quantum computers that are far more powerful than even today's most advanced supercomputers. Quantum computers use the strange properties of sub-atomic particles, which can be in two places at the same time and also strangely connected, even though they are millions of miles apart. According to Professor Winfried Hensinger, who led the...
Quantum computing start-up, Quantum Brilliance, has raised $26m in funding to expand its research lab in Melbourne and hire more researchers for its Research Hub for Diamond Quantum Materials. The funding round was led by Breakthrough Victoria, an investment fund established by the Victorian Government, and included investors such as CSIRO’s venture fund Main Sequence, Investible, Ultratech Capital, MA Financial, Jelix Ventures, Rampersand, and CM Equity. The company, which employs 90 people...
The Defense Advanced Research Projects Agency (DARPA) has selected three companies for funding under its Underexplored Systems for Utility-Scale Quantum Computing (US2QC) program. The companies selected are Atom Computing, Microsoft, and PsiQuantum. Atom Computing has a 100-qubit quantum computer called Phoenix based on strontium neutral atom spin qubits and is expected to announce a second-generation machine soon. Microsoft's quantum platform is based on highly theoretical topological qubits...
Crédit Agricole, a French bank, has partnered with Pasqal, a quantum computer manufacturer, and Multiverse Computing, a Spanish firm specializing in quantum and quantum-inspired algorithms, to conduct successful experiments using quantum computing in finance and banking. The experiments aimed to evaluate the potential of an algorithmic approach inspired by quantum computing and quantum computers in the valuation of financial products and the assessment of credit risks. The experiments showed...
PASQAL, a leader in the field of quantum computing based on neutral atoms, has announced an equity capital increase of €100m ($124m). This series B round was led by new investor Temasek, a Singapore-based investment company that is now entering the company’s capital, the European Innovation Council (EIC) fund, Wa'ed Ventures and Bpifrance's Large Venture fund. Existing investors Quantonation, the Defence Innovation Fund, Daphni and Eni Next, the venture capital arm of Eni, also participated in...
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