Industry
Funding rounds, partnerships, acquisitions, product launches, and market developments across the quantum computing industry and its enabling ecosystem.
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2023 Quantum Threat Timeline Report Published
Dr. Michele Mosca, a prominent figure in the field of quantum computing and cryptography, and one of the most prominent voices advocating for active preparation of industries and governments for the quantum era regularly publishes a survey of global quantum…
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IBM Unveils Condor: 1,121‑Qubit Quantum Processor
IBM has announced “Condor,” a superconducting quantum processor with a record-breaking 1,121 qubits – the largest of its kind to date. Unveiled at the IBM Quantum Summit 2023, Condor marks the first quantum chip to surpass 1,000 qubits, a milestone…
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Jiuzhang 3.0: China’s Photonic Quantum Computer
Chinese researchers have announced Jiuzhang 3.0, a new photonic quantum computing prototype that set a record by detecting 255 photons in a boson sampling experiment. Unveiled in October 2023 by a team led by renowned physicist Pan Jianwei, Jiuzhang 3.0…
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New Coalition Launched to Tackle Post-Quantum Cryptography
The MITRE Corporation has announced the formation of the Post-Quantum Cryptography Coalition, a collaborative effort to address the imminent threats posed by quantum computing to current cryptographic systems. The coalition aims to accelerate the development and adoption of quantum-resistant cryptographic…
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New World Record: Twin-Field QKD Achieved Over 1,000 km Fiber Link
Chinese scientists have shattered the distance record for quantum key distribution (QKD) by successfully exchanging secure cryptographic keys across 1,002 kilometers of optical fiber – more than double the previous record. In a landmark experiment published in Physical Review Letters, a…
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Google Claims Breakthrough in Quantum Error Correction
Feb 2023 – Quantum computers hold the promise of tackling problems beyond the reach of classical machines, but they are notoriously fragile. Even tiny disturbances can introduce errors into quantum computations. To build a fault-tolerant quantum computer – one that…
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2022 Quantum Threat Timeline Report Published
The “2022 Quantum Threat Timeline Report” by the Global Risk Institute, authored by Dr. Michele Mosca and Dr. Marco Piani from evolutionQ Inc. was just published. This report provides analysis of the quantum threat landscape and tries to predict the…
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IBM Osprey: A 433-Qubit Quantum Leap
IBM has announced Osprey, a superconducting quantum processor with a record-breaking 433 qubits – by far the largest of its kind as of its 2022 debut. Revealed at the IBM Quantum Summit in November 2022, Osprey more than triples the…
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Switzerland and United States Forge Quantum Cooperation
In October 2022, Switzerland and the U.S. signed a Joint Statement on Cooperation in Quantum Information Science and Technology, pledging to deepen collaboration between the countries’ researchers and institutions. The agreement, signed in Washington D.C. by Switzerland’s State Secretary for…
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CHIPS and Science Act of 2022 Signed: A Quantum Leap for U.S. Tech
President Joe Biden signed the CHIPS and Science Act (H.R. 4346, Public Law 117-167) into law on August 9, 2022 - a historic $280 billion package aimed at boosting U.S. high-tech manufacturing and research. While best known for providing $52 billion to…
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D-Wave Goes Public on the NYSE
D-Wave achieved a significant corporate milestone by listing on the New York Stock Exchange under the ticker “QBTS”. The public debut came via a merger with a SPAC (special-purpose acquisition company) and made D-Wave one of only three quantum computing…
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Xanadu’s Photonic Quantum Computer Achieves Advantage
Toronto-based startup Xanadu shook the quantum world by announcing that its Borealis photonic quantum computer had achieved quantum computational advantage - completing a specialized task exponentially faster than any classical supercomputer could. In a Nature-paper and accompanying demo, Borealis took…
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Swiss Government Unveils CHF 80 Million Quantum Initiative
The Swiss Federal Council approved a National Quantum Initiative in 2022, committing roughly CHF 80 million to quantum science and technology over 2023-2028. This marked Switzerland’s first centralized quantum tech program, aiming to unify and amplify efforts across research institutions…
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Record-Breaking Quantum Transmission Via Micius
A team of Chinese physicists has achieved a landmark advance in quantum communication, successfully teleporting quantum states between two ground stations 1,200 kilometers apart via Micius satellite. The experiment, led by Pan Jianwei of the University of Science and Technology of…
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Swiss Startup Terra Quantum Lands $60 Million Funding
Zurich-based startup Terra Quantum raised a hefty $60 million in Series A financing to build out its “quantum-as-a-service” platform. Announced in January 2022, this was one of Europe’s largest quantum tech funding rounds at the time. Terra Quantum offers a hybrid quantum…
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