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D-Wave, CaixaBank Group Collaborate on Quantum for Finance Industry

Valencia, Spain and Burnaby, BC, Canada – March 3, 2022 – CaixaBank, a financial group in Spain, and D-Wave Systems Inc., a quantum computing systems, software and services company, today announced the business results for two significant financial quantum hybrid computing applications for investment portfolio optimization and investment hedging calculation. The quantum hybrid applications have […]

Quantum: Rigetti Announces Nasdaq SPAC

In what may be another indication of quantum viability, for the second time in less than a month, a quantum computing company has gone public. Hybrid quantum-classical computing startup Rigetti Computing (Nasdaq: RGTI) and special purpose acquisition company (SPAC) Supernova Partners Acquisition Company II, Ltd. (NYSE: SNII) today announced the completion of their “business combination” […]

Quantum: IonQ Claims 20 Algorithmic Qubits

Feb. 23, 2022 — Today, IonQ (NYSE: IONQ) announced that IonQ Aria, the company’s latest quantum computer, has achieved a record 20 algorithmic qubits and has furthered its lead as the most powerful quantum computer in the industry based on standard application-oriented industry benchmarks. IonQ Aria, currently available for customers in private beta, has the potential […]

Rigetti Reports 99.5% Fidelities on Quantum-Classical Chip

Berkeley, CA, Feb. 17, 2022 — Quantum-classical systems developer Rigetti Holdings announced today it has achieved entangling gate fidelities as high as 99.5% on its next-generation chip architecture, “crossing what is believed to be a key threshold for commercial quantum computing,” the company said. The results follow the company’s recent announcements on scalability and speed […]

Toshiba, JPMorgan Chase, Ciena Announce Quantum-secure Network for Blockchain

Feb. 17, 2022 — JPMorgan Chase, Toshiba and networking systems company Ciena announced today they have demonstrated a viable quantum key distribution (QKD) network for metropolitan areas that is resistant to quantum computing attacks and capable of supporting 800 Gbps data rates. “The research team demonstrated the ability of the newly developed QKD network to […]

SK Telecom Teams with Equinix on Quantum Cryptography Network Protection

Feb. 10, 2022: SK Telecom (NYSE:SKM) of South Korea today announced an agreement with digital infrastructure company Equinix to expand the quantum business including ‘QKD as a Service (QaaS)’ in Korean and overseas markets. The companies agreed to build a QKD environment in Equinix’s SL1 data center located in Sangam-dong, Seoul, using Equinix interconnection and digital […]

Quantum Company D-Wave Going Public

BURNABY, British Columbia & PALO ALTO, Calif. & MIAMI — D-Wave Systems Inc., a quantum computing systems, software and services company announced today definitive transaction agreement with DPCM Capital, Inc. (NYSE: XPOA), a publicly traded special purpose acquisition company (“DPCM Capital”). Upon closing of the transaction, which is expected in the second quarter of this […]

Quantum: Argonne Reports Preservation of Qubit Memory for 5+ Seconds

A major challenge in quantum computing has been short lifespan of memory, or coherence, held in qubits, quantum’s version of a bit.  To date, information is stored in qubits for microseconds or milliseconds. But a team of researchers at the Argonne National Laboratory and the University of Chicago have reported two advances to overcome common […]

IBM to Install Quantum System in Quebec as Part of HPC-AI Partnership

Quebec, Canada –  The Government of Quebec and IBM (NYSE: IBM) today announced a partnership involving quantum computing, AI, semiconductors and high-performance computing (HPC) through the launch of the Quebec-IBM Discovery Accelerator. The new technology hub is focused on developing projects, facilities, collaborations and skills-building initiatives in such research areas as energy, life sciences and sustainability.    The Quebec-IBM Discovery Accelerator will serve […]

Multiverse Computing and Xanadu Partner on Quantum Software for Finance

TORONTO and SAN SEBASTIÁN, SPAIN – Multiverse Computing, a maker of quantum computing software for the financial industry, and Xanadu, a full-stack photonic quantum computing company, announced today a joint partnership to expand Multiverse’s use of Xanadu’s open source software, PennyLane. The partnership will enable Multiverse’s financial services clients to develop applications with greater speed […]