Quantum tech

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PsiQuantum breaks ground in Australia on what it says will be the world’s first utility-scale quantum computer

Australia, Deep tech, Digital Marketing, Quantum tech, Science, SEO Tips, Technology /

PsiQuantum has broken ground on a facility in Moreton Bay, Queensland, where it plans to build and deploy what it calls the world’s first utility-scale, fault-tolerant quantum computer. The site will eventually hold tens of thousands of photonic quantum chips cooled by one of the largest cryogenic systems ever constructed for quantum computing. Victor Peng, PsiQuantum’s […]

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IQM adds a Vanguard board director to its bench as Europe’s first quantum Nasdaq listing approaches

Digital Marketing, Investors and funding, Next Featured, Quantum tech, SEO Tips, Technology /

IQM Quantum Computers, the Finnish maker of superconducting quantum systems, has appointed Barbara Venneman to its board of directors as the company approaches what would be the first Nasdaq listing by a European quantum computing company. Venneman currently serves on the board of Vanguard, one of the world’s largest investment management firms, and previously led […]

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Quantinuum prices its IPO at $1.68bn, setting a new bar for quantum

Business, Digital Marketing, Next Featured, Quantum tech, SEO Tips, Technology /

The marketed range was $53 to $55. Quantinuum priced at $60. That gap, the willingness of investors to pay above what the bankers asked, is the real news in the Honeywell-backed company’s initial public offering, which raised $1.68bn and set a valuation the entire quantum-computing sector will now be measured against. The mechanics are straightforward. […]

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France’s Quobly raises €115M to put a quantum computer on a silicon chip

Digital Marketing, Quantum tech, SEO Tips, Startups and technology, Technology /

Most quantum-computing startups ask the world to build them an entirely new industry: exotic materials, bespoke fabrication, supply chains that do not yet exist. Quobly is making a quieter bet. The Grenoble company thinks the path to a useful quantum machine runs through the silicon chip industry that already exists, and on Wednesday it raised […]

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IBM is up 30% in a month as Barclays says its software business is the antidote to the SaaSpocalypse

Artificial Intelligence, Business, Digital Marketing, Finance, Quantum tech, SEO Tips, Technology /

IBM stock surged 10% on Monday after Barclays initiated coverage with an overweight rating and a $350 price target, roughly 11% above the opening price. The jump extends a run that has seen IBM gain nearly 30% in May alone, its best monthly performance in almost 24 years. The stock is now up 10% year […]

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Quantinuum boosts its IPO to $1.46 billion as orders hit double-digit multiples of available shares

Business, Deep tech, Digital Marketing, Investors and funding, Quantum tech, SEO Tips, Technology /

Quantinuum, the Honeywell-backed quantum computing company, has increased the size of its initial public offering to as much as $1.46 billion after demand from investors far exceeded the original allocation. The company is now offering 26.5 million shares at $53 to $55 each, up from a previous range of approximately 21 million shares at $45 to $50. […]

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QTREX is betting on the layer beneath quantum computing

Deep tech, Digital Marketing, Quantum tech, SEO Tips, Technology /

The quantum computing industry has spent the last three years measured almost entirely in qubits. Willow’s 105. Nighthawk’s 120. The 540-qubit superconducting platform that integrated nearly 700 control lines into a single cryostat last year. The qubit count is the headline number, and for good reason. But inside the labs trying to push superconducting systems past […]

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Honeywell’s Quantinuum settles on $12.7bn IPO target after $20bn whisper

Digital Marketing, Insider, Next Featured, Quantum tech, SEO Tips, Technology /

Quantinuum, the quantum-computing company majority-owned by Honeywell, is targeting a valuation of $12.7bn in its US IPO, according to a Reuters report on Tuesday, a level materially below the $20bn-plus figure that circulated earlier in May when the company filed its S-1. The new figure puts the IPO at roughly 27% above the $10bn pre-money valuation […]

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NVIDIA’s NVentures adds Alice & Bob to its quantum portfolio

Digital Marketing, Investors and funding, Quantum tech, SEO Tips, Technology /

The Paris-based cat-qubit company adds NVentures to a cap table already backed by FFC, AVP and Bpifrance, and deepens its CUDA-Q tie-up with Nvidia. Alice & Bob, the Paris- and Boston-based quantum hardware company building fault-tolerant machines on its proprietary cat-qubit architecture, has added NVentures, Nvidia’s venture arm, to its cap table in an extension […]

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IBM lands $1bn as US backs nine quantum companies for $2bn

Digital Marketing, Government and policy, Quantum tech, SEO Tips, Technology, United States /

Nine CHIPS Act letters of intent, $1bn for IBM, and a government cap table that now includes most of the publicly traded quantum names. The US Department of Commerce has signed nine letters of intent to provide $2.013bn in CHIPS Act funding to quantum computing companies, in exchange for federal equity stakes in each recipient. […]

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