Tag: quantum
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Canada to loan quantum startup Xanadu $140 million to build manufacturing plant
Aug 28 : The Canadian government will loan C$195 million ($140.78 million) to Xanadu Quantum for setting up a plant that would make photonic components for quantum computers, in the country’s largest ever support for the technology.The move, unveiled on Friday, highlights growing global interest in quantum co
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Pasqal shares leap as French quantum firm makes Nasdaq debut
Aug 28 : Shares of French quantum-computing company Pasqal rose by as much as 73 per cent in their Nasdaq debut on Friday before paring gains to trade 40 per cent higher.Pasqal, one of Europe’s most significant contenders in the race to build commercially useful quantum computers, began trading after merging
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France’s quantum computer maker Pasqal surges in Nasdaq debut
Aug 28 : Shares of French quantum-computing company Pasqal surged around 60 per cent in their Nasdaq debut on Friday, signalling strong investor appetite for one of the sector’s newest public companies.Pasqal began trading after merging with blank-cheque company Bleichroeder Acquisition Corp II in a transac
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Oracle, Quantinuum partner to bring quantum computing to cloud
Aug 11 : Quantinuum and Oracle on Tuesday announced a multi-year partnership aimed at bringing quantum computing capabilities to Oracle’s cloud platform, as technology firms race to commercialize the nascent technology.Financial terms of the partnership and a deployment date were not disclosed.Here ar
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IBM buys HRL Laboratories in shift to two-track quantum computing strategy
SAN FRANCISCO, July 23 : IBM has agreed to buy HRL Laboratories, a private quantum computing research lab jointly owned by Boeing Co and General Motors, the company said on Thursday, adding a second pillar to IBM’s quantum computing efforts.IBM has been racing against Alphabet’s Google, Microsoft and others t
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Crypto firms prepare defenses as quantum threat to encryption draws nearer
NEW YORK, July 8 : The cryptocurrency industry is starting to prepare for the threat of quantum computing as recent advances fuel concerns that the technology could soon be able to crack the cryptography that protects transactions and digital wallets. Quantum computers can solve complex mathematical problems
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Microsoft’s quantum computing technology called into question, again
SAN FRANCISCO, June 24 : A new critique in the scientific journal Nature is raising fresh questions about Microsoft’s claimed quantum computing breakthrough last year, which underpinned the company’s announcement this month that it will have a working quantum system by 2029.Quantum computers could solve scien
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Trump signs new executive orders to boost quantum computing
US President Donald Trump signed two executive orders to boost quantum research and strengthen security infrastructure in a post-quantum world.
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Quantum tech firm EigenQ to go public in $3 billion SPAC deal
June 17 : EigenQ will go public through a merger with blank-check company Silicon Valley Acquisition in a deal valuing the quantum tech firm at about $3 billion, they said on Wednesday.EigenQ’s core business includes making cybersecurity systems that will protect networks and devices from future attacks by po
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Spacecraft developer Quantum Space to go public in $1.2 billion SPAC deal
June 8 : Space infrastructure company Quantum Space said on Monday it would go public through a merger with special purpose acquisition company Inflection Point Acquisition in a deal that values the combined company at about $1.2 billion.The deal comes as investor interest in the space sector has surged ahead
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