Quantum News Briefs: February 14, 2024: Quantum Machines Products Now Available Through Oxford Instruments NanoScience for Streamlined Purchasing; PASQAL Announces New Chairman, Deputy CEO and Creates New Divisions in Response to Rapid Growth; “US and China ‘neck and neck’ in quantum computing”; “Why Is D-Wave Quantum (QBTS) Stock Up 20% Today?”; and MORE!
Quantum News Briefs: February 14, 2024:
Quantum Machines Products Now Available Through Oxford Instruments NanoScience for Streamlined Purchasing
Quantum Machines and Oxford Instruments have announced a partnership to enhance the accessibility and integration of quantum control solutions and cryogenic systems, streamlining the procurement process for quantum researchers. This collaboration allows for purchasing Quantum Machines’ products through Oxford Instruments’ sales channels, offering benefits like pre-shipment integration, unified support, and single shipments. Specifically, Quantum Machines’ range will be available with Oxford Instruments’ Proteox dilution refrigerator systems, facilitating a one-stop solution for customers setting up or expanding quantum labs. This partnership aims to accelerate quantum research by simplifying the setup process and combining top-tier refrigeration with advanced control and cryogenic components. Past collaborations have demonstrated the compatibility and synergy between the two companies’ technologies, promising a more convenient and efficient setup for quantum measurement and research.
PASQAL Announces New Chairman, Deputy CEO and Creates New Divisions in Response to Rapid Growth
PASQAL, a leading player in neutral atoms quantum computing, has announced significant organizational changes to address the growing demand in the quantum computing market. These changes include the appointment of Wasiq Bokhari, a veteran with over 20 years of experience in leading technology companies like Amazon and Google, as the chairman of its board of directors. Loïc Henriet has been promoted to Deputy CEO, and the company has restructured into separate hardware and software divisions to offer integrated, full-stack quantum computing solutions. Bokhari aims to leverage his extensive experience to drive PASQAL’s growth and expand its global reach, particularly in sectors like pharmaceuticals, energy, and finance. The reorganization reflects PASQAL’s commitment to commercializing its cutting-edge technology and maintaining its leadership in the quantum computing industry, focusing on scalable solutions across various applications. CEO Georges Reymond expressed optimism for 2024, highlighting the strategic positioning of Bokhari and Henriet to propel PASQAL and the broader quantum computing sector forward.
In Other News: Investor Place article: “Get Rich Quick With These 3 Quantum Computing Stocks to Buy Now”
Venturing into the future of technology, quantum computing emerges as a promising sector for investors, with companies like IBM, IonQ, and Alphabet leading the charge, states a recent Investor Place article. IBM showcases its leadership by developing Quantum System Two and innovative quantum chips, bolstering its AI capabilities. IonQ stands out as a quantum computing pure-play, experiencing significant share price growth and demonstrating robust financial performance, highlighted by strategic partnerships in AI. Alphabet, known for achieving quantum supremacy with its Sycamore processor, continues to advance in quantum computing, focusing on reducing error rates and pushing towards developing an error-corrected quantum computer. This evolving landscape offers investors a unique opportunity to capitalize on the explosive growth and innovation within the quantum computing market, positioning these stocks as key players in a tech renaissance poised to revolutionize various industries, from economics to healthcare.
In Other News: Verdict article: “US and China ‘neck and neck’ in quantum computing”
A new Verdict article highlights a new report by GlobalData, showing that China has significantly closed the gap with the US in quantum computing, positioning the two nations “neck and neck” in the race for quantum supremacy. Unlike the US, where private companies spearhead quantum computing development, China’s progress is predominantly driven by state institutions. Despite these advancements, the report cautions about a potential “quantum winter,” citing “daunting engineering and macroeconomic hurdles” that the industry faces. Quantum computers, which operate on the quantum states of subatomic particles, offer vastly superior computational capabilities over traditional computers, promising revolutionary applications in fields ranging from finance to cybersecurity. The geopolitical implications of these developments are profound, as both nations invest heavily in quantum technology, with the US planning over $4 billion in quantum computing projects and China committing at least $15 billion over the next five years. The report also notes China’s landmark achievements in quantum supremacy. It highlights a global interest in quantum technology, with several countries investing in government-funded programs or fostering private-sector ecosystems dedicated to quantum research.
In Other News: Investor Place article: “Why Is D-Wave Quantum (QBTS) Stock Up 20% Today?”
D-Wave Quantum (QBTS) stock has surged more than 20% following the announcement of a new 1,200+ Qubit Advantage2 prototype, positioning the company at the forefront of the quantum computing industry, states a recent Investor Place article. This prototype, touted as the most performant system available to customers, is accessible via D-Wave’s Leap real-time quantum cloud service, including a trial for new users. The quantum computing sector is known for its volatility, with QBTS stock experiencing significant fluctuations since its SPAC merger in mid-2022. However, this recent surge reflects growing investor interest and optimism about the potential of quantum computing to solve complex optimization problems and its broader applications in big data and computational tasks. D-Wave’s move to make its prototype widely available for testing underscores the company’s commitment to showcasing the practical benefits of quantum computing, sparking increased attention from both investors and potential users interested in exploring this cutting-edge technology.
Kenna Hughes-Castleberry is the Managing Editor at Inside Quantum Technology and the Science Communicator at JILA (a partnership between the University of Colorado Boulder and NIST). Her writing beats include deep tech, quantum computing, and AI. Her work has been featured in National Geographic, Scientific American, Discover Magazine, New Scientist, Ars Technica, and more.
