Category Archives: Quantum Computer
China sells quantum chips to Middle East and West in show of growing influence – South China Morning Post
Chinas quantum computing capabilities have made a leap with the first delivery of a domestically developed superconducting quantum chip to an unnamed scientific research institute in the Middle East, according to a state media report.
The sale by SpinQ, a pioneering company based in Shenzhen, comes soon after Chinese quantum chips were sold to the United States and its allies.
It showcases Chinas growing influence in the quantum computing sector, underscoring its role in fostering global collaboration within the industry.
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Chinese researchers claim brain-computer interface breakthrough using monkey brain signal
Chinese researchers claim brain-computer interface breakthrough using monkey brain signal
Founded in 2018, SpinQ has independently established a superconducting quantum computer R&D centre and a production line for superconducting quantum chips. The chip that was delivered, named QPU, represents a successful venture into standardised mass production of the technology, a key achievement for the industry.
We are honoured by this collaboration. Delivering the superconducting quantum chip shows our skill and innovation in quantum computing. It also represents our commitment to worldwide collaboration in this field, founder and chief executive Xiang Jingen said in a report by the state-owned Science and Technology Daily on Tuesday.
Chinese scientists claim record smashing quantum computing breakthrough
This list included entities such as the Hefei National Laboratory for Physical Sciences at Microscale (HFNL), which developed the worlds first quantum science satellite, Micius, and QuantumCTek Co, Ltd, originating from HFNL and specialising in quantum secure communication products, along with its Shanghai subsidiary.
SpinQ is among the fastest in Chinas quantum computing industry to achieve an international market presence. During this trade, the company also engaged in technical exchanges with the buyer.
This was a mutually beneficial learning process, providing us with invaluable global insights and cutting-edge information, SpinQ vice-president Zou Hongyan said on the companys website.
SpinQ has already extended its quantum computing products to five continents with clients across the US, Canada, Australia, Britain, Germany, Switzerland, Norway, Slovenia, Russia, Brazil, Japan and other countries and regions, according to the Science and Technology Daily report.
From a global perspective, the US leads the quantum information industry, with China ranking high in the second tier. However, the technological development gap is not significantly wide, Xiang told 21st Century Business Herald in September.
Quantum chips, which are akin to the CPU in classical computers, are pivotal to quantum computers. They contain multiple quantum bits (qubits) and use pulse sequences sent by quantum measurement and control systems to perform quantum gate operations between qubits, enabling specific quantum computations.
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Apple supplier Foxconn to build AI factories using US hardware leader Nvidias chips and software
Apple supplier Foxconn to build AI factories using US hardware leader Nvidias chips and software
Producing a standard superconducting quantum chip is difficult because of its complex design, the need to ensure the qubits work consistently and remain stable, and challenges in the materials and technologies used for making and controlling them.
Through independent research and development, SpinQ said it had mastered key technologies from chip design to complete machine and algorithm applications. Its proprietary chip production line is capable of producing consistent and stable superconducting quantum chips.
Chinese breakthrough a step towards scalable quantum computation: paper
The company has three major production lines: large superconducting quantum computers for industrial scenarios, small quantum computers for educational purposes and a general-purpose quantum cloud platform.
Looking ahead, SpinQ aims to deepen its internationalisation strategy, driving common prosperity in the global quantum computing industry chain through increased international technical cooperation and exchanges, Xiang said in the report.
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China sells quantum chips to Middle East and West in show of growing influence - South China Morning Post
IBM brings ‘utility-scale’ quantum computing to Japan as China and Europe struggle to compete – Cointelegraph
IBM announced the completed installation of a 127-qubit quantum computing system at the University of Tokyo on Nov. 27. According to the company, this marks the arrival of the first utility-scale quantum system in the region.
The system, dubbed a Quantum System One by IBM and featuring the companys Eagle processor, was installed as part of an ongoing research partnership between Japan and IBM. According to a blog post from IBM, it will be used to conduct research in various fields, including bioinformatics, materials science and finance.
Per Hiroaki Aihara, executive vice president of the University of Tokyo:
While Japan and the University of Tokyo reap the benefits of working with a U.S. quantum computing partner, Chinas second-largest technology firm, Alibaba, has decided to shutter its own quantum computing laboratory and will reportedly donate its equipment to Zhejiang University.
Local media reports indicate the Alibaba move is a cost-cutting measure and that dozens of employees associated with the quantum research lab have been laid off. This follows the cancellation of a planned cloud computing spinoff earlier this month, with Alibaba stating that thepartial United States export ban on computer chips to China has contributed to uncertainty.
Related: US official confirms military concerns over Chinas access to cloud technology
The quantum computing sector is expected to grow by more than $5.5 billion between 2023 and 2030, according to estimates from Fortune Business Insights. This has led some experts to worry over the state of quantum computing research in areas outside of the U.S. and China.
Koen Bertels, founder of quantum computing accelerator QBee and a professor at the University of Ghent in Belgium, recently opined that Europe had already lost the artificial intelligence race and couldnt afford to lose at quantum computing.
In addition to being behind in funding, talent, and strategy, wrote Bertels, Europe isnt only competing against the US.
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IBM brings 'utility-scale' quantum computing to Japan as China and Europe struggle to compete - Cointelegraph
IBM’s 127-Qubit Quantum Eagle Processor Debuts at University of Tokyo – HPCwire
TOKYO, Nov. 27, 2023 Today, the University of Tokyo (UTokyo) and IBMhave announced the deployment of a 127-qubit IBM Quantum Eagle processor, now operational in Japans first IBMQuantum SystemOne. Scientists at institutions participating in the Quantum Innovation Initiative (QII) Consortium intend to put the systems new processor toward quantum research in bioinformatics, high energy physics, materials science, and finance, among other disciplines.
The 127-qubit IBM Quantum Eagle is the regions first utility-scale processor. IBM defines utility-scale, as the point at which quantum computers could serve as scientific tools to explore a new scale of problems. In June of this year, IBM and UC Berkeley scientistspublished researchin the scientific journalNaturewhich demonstrated for the first time that quantum computers can produce results at a scale of more than 100 qubits reaching beyond leading classical approaches.
For the first time outside North America, a quantum computer with a 127-qubit processor is now available for exclusive use with QII members, said Hiroaki Aihara, Executive Vice President, UTokyo. The limit of what can be simulated by a supercomputer is about 50 qubits, and it is possible to perform large-scale and complex calculations that would be impossible without a quantum computer. By promoting research in a wide range of fields and realizing social implementation of quantum-related technologies, we aim to make a broad contribution to a future society with diversity and hope.
Leading Utility-scale Research in Japan
Since joining the IBM Quantum Network in2019, UTokyo has continued to expand access to quantum computing in Japan. The aim of the Japan-IBM Quantum Partnership initiative, which announced inclusion of the QII Consortium in 2020, is to accelerate the collaboration between industry, academia, and government to advance Japans leadership in quantum science, business, and education.
Now with a utility-scale IBM Quantum System One using more powerful quantum technology, including advanced hardware and tools to explore how error mitigation can enable accuracy, UTokyo also joins other pioneering organizations and universities as part of IBMs recently established working groups to advance the value of quantum computing, including: Healthcare and Life Sciences where UTokyo and QII member scientists will conduct exploratory research in bioinformatics High Energy Physics, Materials, and Optimization.
By equipping UTokyo with a utility-scale IBM Quantum SystemsOne, we are excited to collaborate with QII Consortium organizations on the problems which we anticipate will push the limits of todays quantum systems and begin to extract scientific and business value, said Jay Gambetta, IBM Fellow and Vice President, IBM Quantum.
About the University of Tokyo
The University of Tokyo is Japans leading university and one of the worlds top research universities. The vast research output of some 6,000 researchers is published in the worlds top journals across the arts and sciences. Our vibrant student body of around 15,000 undergraduate and 15,000 graduate students includes over 4,000 international students.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBMs hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBMs breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBMs long-standing commitment to trust, transparency, responsibility, inclusivity, and service.
Source: IBM
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IBM's 127-Qubit Quantum Eagle Processor Debuts at University of Tokyo - HPCwire
The University of Tokyo Completes Installation of 127-Qubit IBM … – IBM Newsroom
Quantum Innovation Initiative Consortium members to have access to regions first utility-scale IBM Quantum System One for research interests, including bioinformatics, materials science, and finance
Nov 26, 2023
TOKYO, JAPAN, Nov. 27, 2023 -- Today, the University of Tokyo (UTokyo) and IBM (NYSE: IBM) have announced the deployment of a 127-qubit IBM Quantum Eagle processor, now operational in Japans first IBM Quantum System One. Scientists at institutions participating in the Quantum Innovation Initiative (QII) Consortium intend to put the systems new processor toward quantum research in bioinformatics, high energy physics, materials science, and finance, among other disciplines.
The 127-qubit IBM Quantum Eagle is the regions first utility-scale processor. IBM defines utility-scale, as the point at which quantum computers could serve as scientific tools to explore a new scale of problems. In June of this year, IBM and UC Berkeley scientists published research in the scientific journal Nature which demonstrated for the first time that quantum computers can produce results at a scale of more than 100 qubits reaching beyond leading classical approaches.
For the first time outside North America, a quantum computer with a 127-qubit processor is now available for exclusive use with QII members, said Hiroaki Aihara, Executive Vice President, UTokyo. The limit of what can be simulated by a supercomputer is about 50 qubits, and it is possible to perform large-scale and complex calculations that would be impossible without a quantum computer. By promoting research in a wide range of fields and realizing social implementation of quantum-related technologies, we aim to make a broad contribution to a future society with diversity and hope.
Leading utility-scale research in Japan
Since joining the IBM Quantum Network in 2019, UTokyo has continued to expand access to quantum computing in Japan. The aim of the Japan-IBM Quantum Partnership initiative, which announced inclusion of the QII Consortium in 2020, is to accelerate the collaboration between industry, academia, and government to advance Japan's leadership in quantum science, business, and education.
Now with a utility-scale IBM Quantum System One using more powerful quantum technology, including advanced hardware and tools to explore how error mitigation can enable accuracy, UTokyo also joins other pioneering organizations and universities as part of IBMs recently established working groups to advance the value of quantum computing, including: Healthcare and Life Sciences where UTokyo and QII member scientists will conduct exploratory research in bioinformatics High Energy Physics, Materials, and Optimization.
By equipping UTokyo with a utility-scale IBM Quantum Systems One, we are excited to collaborate with QII Consortium organizations on the problems which we anticipate will push the limits of today's quantum systems and begin to extract scientific and business value, said Jay Gambetta, IBM Fellow and Vice President, IBM Quantum.
About the University of Tokyo
The University of Tokyo is Japan's leading university and one of the world's top research universities. The vast research output of some 6,000 researchers is published in the world's top journals across the arts and sciences. Our vibrant student body of around 15,000 undergraduate and 15,000 graduate students includes over 4,000 international students.
Find out more at http://www.u-tokyo.ac.jp/en/
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity, and service.
Visit http://www.ibm.com for more information.
Media contacts:
Chris NayIBM Researchcnay@us.ibm.com
University Corporate Collaboration Department, The University of Tokyo2-11-16 Yayoi, Bunkyo-ku Tokyo, Japan 113-0032e-mail: kyoso-info.adm@gs.mail.u-tokyo.ac.jp
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The University of Tokyo Completes Installation of 127-Qubit IBM ... - IBM Newsroom
PASQAL to Receive a $15 Million CAD ($11M USD) Loan to Establish Its Canadian Subsidiary in DistriQ, a Quantum Innovation Zone in Quebec – Quantum…
PASQAL, a quantum computing company, has announced a $90 million initiative over five years in Sherbrooke, Quebec. The project aims to manufacture and commercialize quantum computers, and conduct research and development in collaboration with academic and industrial partners within DistriQ, a quantum innovation zone. The goal is to establish Sherbrooke as a globally recognized quantum hub. The Government of Quebec is supporting this investment project with a $15 million CAD ($11M USD) loan for the establishment of PASQAL SAS subsidiary in DistriQ. The project is expected to create 53 permanent jobs over five years.
The Premier of Quebec, Franois Legault, officially announced the opening of Espace Quantique 1, a new era for quantum computing, on November 24. PASQAL will play a key role in this initiative, not only as a major partner of DistriQ within Espace Quantique 1, but also in the production, development of technological laboratories, training, and funding for new ventures in the quantum field.
PASQALs presence in Sherbrooke represents a significant step in the evolution of quantum computing. The company aims to actively participate in the creation of a dynamic ecosystem that will serve as a catalyst for innovation in the quantum industry, attracting talent and companies from all over the world.
In 2024, PASQAL will open a facility at the heart of DistriQ, within Espace Quantique 1, aimed at manufacturing neutral atom quantum computers and the next generation of machines. Quantum Space 1 will also provide a collaborative space of nearly 5,000 square meters dedicated to quantum innovation. It will be utilized by PASQAL as an R&D center, for prototype testing, and for business activities in Canada.
DistriQ also focuses on training talent. PASQAL announced a contribution of $500,000 to the creation of a research chair within the Department of Electrical and Computer Engineering at the University of Sherbrooke, which will also benefit from federal and/or local grants.
Quantonation, and the Quebec fund Quantacet will collaborate to fund QV Studio, that will support the transition to commercial quantum applications, creating a unique ecosystem within DistriQ for sector startups. This fund aims to invest in around fifteen Quebec-based or foreign companies, especially at the pre-seed or seed stage, that are active within the DistriQ innovation zone. It will foster the development of a strong and international quantum ecosystem.
A press release provided by Pasqal has been posted on their web site here.
November 29, 2023
Q-CTRL Error Suppression Technology Integrated into IBM Quantums Pay-As-You-Go Plan – Quantum Computing Report
Q-CTRL and IBM have announced that Q-CTRLs error suppression technology, named Q-CTRL Embedded, has been integrated into the IBM Qiskit runtime system. This feature is currently only available for users on the Pay-As-You-Go plan. There is no additional cost for those users who utilize this capability. This is the first time that IBM has integrated third party software into their system in this manner. The software can be invoked with a single line of code. This software can provide users with a significant improvement in the quality of the calculated results versus a run using standard settings. The chart below shows a comparison of a hardware algorithm run with the Q-CTRL software versus one without. It provides for a 1000X improvement in success probability.
It is important to note that Q-CTRLs software performs Error Suppression and it requires no additional overhead involving multiple shots in order to do its work. IBM has developed several Error Mitigation algorithms including Zero Noise Extrapolation (ZNE) and Probabilistic Error Cancellation (PEC) which work by performing multiple shots of an program and using a classical computer to analyze the final result to reduce the errors. The approaches are not mutually exclusive and can be used together.
Q-CTRL has posted a press release on its web site announcing the available of Q-CTRL Embedded which can be seen here. Also, a technical paper is available on the Physical Applied Review web site and can be found here.
November 29, 2023
Quantum collaboration between South Korea and the UK gains … – DIGITIMES
With the recent signing of the new Downing Street Accord by South Korean President Yoon Suk-yeol and British Prime Minister Rishi Sunak, both countries are poised for a new era of technological cooperation. In particular, the UK's possession of crucial quantum computing technologies has the potential to create a synergistic relationship with South Korea, a global semiconductor powerhouse.
According to a Dong-A Ilbo report, the quantum industry welcomes the collaboration, citing the expanding US sanctions against China. These sanctions, which limit investments in China's quantum, semiconductor, and artificial intelligence (AI) sectors, raise concerns about the impact on the development of South Korea's quantum industry.
Qsimplus CEO Roh Gwang-seok emphasizes the sensitivity of importing quantum core equipment from the US due to South Korea's geographical proximity to China. Consequently, many companies are redirecting their focus to countries like the UK, which possess essential core technologies.
The essential "cryogenic cooling" technology needed for quantum computer production is one of the most representative advantages of the UK in the realm of quantum computers, with Oxford Instruments among the top three global providers of the technology. Given the extreme sensitivity of quantum states to thermal influences, requiring an environment at absolute zero, this technology is critical for advancing quantum computing.
Furthermore, the UK's strategic investment in photonics technology since the 1980s presents another avenue for collaboration. Photonic quantum computers, which can be produced through existing semiconductor processes, provide opportunities for partnerships with global semiconductor giants such as Samsung Electronics and SK Hynix. This is expected to become a pivotal area of cooperation between the UK and South Korea.
South Korean industry leaders recognize quantum as a key future technology, succeeding AI. Major companies are actively investing in research and development for various applications. Hyundai Motor's 2022 partnership with US-based IonQ exemplifies this trend, utilizing quantum computers to explore catalyst materials for hydrogen fuel cells, aiming to replace costly platinum catalysts in hydrogen fuel cell vehicles.
Additionally, POSCO Holdings, a prominent South Korean steelmaker, collaborates with French startup Pasqal and South Korean startup Qunova Computing. Their focus is on optimizing hydrogen production processes for environmentally friendly ironmaking and developing innovative technologies, including materials for secondary batteries.
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Quantum collaboration between South Korea and the UK gains ... - DIGITIMES
Quantum Computing Inc. to Present at the Emerging Growth … – PR Newswire
LEESBURG, Va., Nov. 27, 2023 /PRNewswire/ -- Quantum Computing Inc. ("QCi", "we", "our" or the "Company") (Nasdaq: QUBT), an innovative, quantum optics andnanophotonics technology company,invites individual and institutional investors as well as advisors and analysts, to attend its real-time, interactive update presentation at the Emerging Growth Conference on December 6, 2023.
The next Emerging Growth Conference is being held on December 6-7, 2023. This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company's Co-Founder & CEO RobertLiscouski in real time.
Mr. Liscouski will deliver a brief update presentation and may subsequently open the floor for questions. Please submit your questions in advance to [emailprotected]or ask your questions during the event and Mr. Liscouski will do his best to get through as many of them as possible.
Quantum Computing Inc. will be presenting at 3:40 PM Eastern time for approximately 10 to 15 minutes. This event is an update to the Company's initial presentation delivered on November 2, 2023.
Please register here to ensure you are able to attend the conference and receive any updates that are released: https://goto.webcasts.com/starthere.jsp?ei=1641026&tp_key=4a8f04de2b&sti=qubt
If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com and on the Emerging Growth YouTube Channel, http://www.YouTube.com/EmergingGrowthConference.
About the Emerging Growth Conference
The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in a time efficient manner.
The Conference focus and coverage includes companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long term growth. Its audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts.
All sessions will be conducted through video webcasts and will take place in the Eastern time zone.
About Quantum Computing Inc. (QCi)
Quantum Computing Inc. (QCi) (Nasdaq: QUBT) is an innovative, quantum optics and nanophotonics technology company on a mission to accelerate the value of quantum computing for real-world business solutions, delivering the future of quantum computing, today. The company provides accessible and affordable solutions with real-world industrial applications, using nanophotonic-basedquantum entropy that can be used anywhere and with little to no training, operates at normal room temperatures, low power and is not burdened with unique environmental requirements. QCi is competitively advantaged delivering its quantum solutions at greater speed, accuracy, and security at less cost. QCi's core nanophotonic-based technology is applicable to both quantum computing as well as quantum intelligence, cybersecurity, sensing and imaging solutions, providing QCi with a unique position in the marketplace. QCi's core entropy computing capability, the Dirac series, delivers solutions for both binary and integer-based optimization problems using over 11,000 qubits for binary problems and over 1000 (n=64) qubits for integer-based problems, each of which are the highest number of variables and problem size available in quantum computing today.Using the Company's core quantum methodologies, QCi has developed specific quantum applications for AI, cybersecurity and remote sensing, including its Reservoir Photonic Computer series (intelligence), reprogrammable and non-repeatable Quantum Random Number Generator (cybersecurity) and LiDAR and Vibrometer (sensing) products. For more information about QCi, visitwww.quantumcomputinginc.com.
SOURCE Quantum Computing Inc.
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Quantum Computing Inc. to Present at the Emerging Growth ... - PR Newswire
IonQ Named to Fast Company’s Third Annual List of the Next Big … – Yahoo Finance
IonQ earns spot in the prestigious list of 119 innovative companies for innovation in quantum computing
COLLEGE PARK, Md., November 28, 2023--(BUSINESS WIRE)--IonQ (NYSE: IONQ), an industry leader in quantum computing, today announced that it has been named to Fast Companys third annual Next Big Things in Tech list, honoring technology breakthroughs that promise to shape the future of industriesfrom healthcare and security to artificial intelligence and data. This is IonQs first time appearing on the list.
"This recognition is not only a tremendous honor but a testament to the transformative impact and potential of our technology," said Peter Chapman, President and CEO of IonQ. "IonQ is committed to advancing quantum computing capabilities to drive technological breakthroughs and solve complex business problems across industries. This award fuels our drive to continue pushing boundaries and breaking barriers."
IonQ has experienced immense growth over the last three years, positioning itself as a frontrunner in the current quantum computing landscape. The company has worked with global corporations such as Hyundai Motor Company, Airbus, and GE Research to apply quantum computing to investigate challenges within their businesses. In September, IonQ landed a $25.5M project with the United States Air Force Research Lab to deploy two barium-based trapped ion quantum computing systems for quantum networking research and application development.
Todays recognition follows IonQs recent announcement that it was named one of the 500 fastest-growing tech companies in North America for 2023 by Deloitte. Additionally, in October, IonQ announced it had achieved 29 algorithmic qubits (#AQ) on a barium-based quantum computer, a key milestone in the companys mission to develop systems capable of commercial quantum advantage. This summer, IonQ also unveiled two future quantum systems - IonQ Forte Enterprise and IonQ Tempo - the companys enterprise-ready quantum computers.
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Click here to see the final list and visit https://ionq.com/get-access to learn more about how you can get started on an IonQ system today.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. The editor-in-chief is Brendan Vaughan. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication, Inc., and can be found online at fastcompany.com.
About IonQ
IonQ, Inc. is a leader in quantum computing, with a proven track record of innovation and deployment. IonQs current generation quantum computer, IonQ Forte, is the latest in a line of cutting-edge systems, boasting an industry-leading 29 algorithmic qubits. Along with record performance, IonQ has defined what it believes is the best path forward to scale. IonQ is the only company with its quantum systems available through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud, as well as through direct API access.
IonQ Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words "expect," "plan," "believe," "intend," "estimates," "targets," "projects," "could," "will," "forecast" and other similar expressions are intended to identify forward-looking statements. These statements include those related to the companys technology driving commercial advantage in the future, the ability for third parties to implement IonQs offerings to increase their quantum computing capabilities, the effect of increased availability of customer support functions, IonQs quantum computing capabilities and plans, access to IonQs quantum computers, increases in algorithmic qubit achievement, and the scalability and reliability of IonQs quantum computing offerings. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive industries in which IonQ operates, including development of competing technologies; changes in laws and regulations affecting IonQs business; IonQs ability to implement its business plans, forecasts and other expectations, identify and realize partnerships and opportunities, and to engage new and existing customers. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Companys filings, including but not limited to those described in the "Risk Factors" section of IonQs most recent Quarterly Report on Form 10-Q and other documents filed by IonQ from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231128044453/en/
Contacts
IonQ Media contact: Tyler Ogoshipress@ionq.com
IonQ Investor Contact: investors@ionq.co
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IonQ Named to Fast Company's Third Annual List of the Next Big ... - Yahoo Finance
Lets Create the Next Generation of Innovators – Duke University
A version of this op-ed was published in the Raleigh News & Observer on November 24, 2023. That version is available on the News & Observers website.
As a young professor at N.C. State, Jim Goodnight in the mid-1970s teamed with colleagues to build software to analyze agricultural data. That N.C. State team turned a good idea into a great one, spinning that innovation into a product line that birthed SAS, the Cary-based software giant that recorded $3 billion in sales last year and employs more than 12,000 people.
Thats the sort of success story we need more of here in North Carolina, which is why the CHIPS and Science Act is so important. The Tar Heel State and rest of America are on the precipice of a transformational era for our nations research and innovation enterprise, spurred largely by the work of our research universities. The CHIPS and Science Act signed into law last year included a $52 billion boost to the semiconductor industry a sector where North Carolina companies are well positioned to create new jobs and boost the economy. It would also provide $200 billion to further strengthen the nations competitive advantage in other fields such as artificial intelligence, quantum computing, energy sciences and bioengineering. This money has been approved but not yet distributed, and time is wasting.
North Carolina is well positioned to capitalize on this investment, but Congress must prioritize this funding in the current and future budget cycles to ensure the nation stays ahead in the increasingly competitive race for global leadership in science and innovation.
The universities in North Carolina are extraordinarily successful in winning research funding; Duke ranks 9thnationally in federal research funding and brings in about $776 million of the more than $2 billion of federal funds that support university research in our state each year. These dollars fuel discoveries that become solutions we all need. The funding attracts and retains talent to our state, provides jobs and prosperity for North Carolinians, and generates long-term and sustainable benefits when companies that are born here decide to stay here. In the last 5 years, Duke researchers have launched 75 companies around Duke intellectual property; 55 of them, including Sparta Biosciences, which has developed a new chemically engineering cartilage to help people with cartilage degeneration, have stayed right here in North Carolina.
Building this economic engine doesnt occur overnight or even over a few years. It requires long-term and sustained investment and a highly trained workforce.
We face increasingly tough competition for talent as other countries, both allies and adversaries, are substantially increasing investments in science and technology and other STEM fields. Full funding of the science portion of the CHIPS and Science Act will expand opportunities for North Carolina and the country to cultivate and retain homegrown talent and continue to attract the very best from across the globe.
One example of this is the National Science Foundation (NSF) Regional Engines program, which seeks to build innovation capacity across the country. Duke is a partner on a proposal led by UNC Wilmington to unite universities, community colleges, non-profits and businesses to build and sustain coastal and climate resiliency in Eastern North Carolina. This program has great promise to transform regions in North Carolina, and across the country. But NSF currently only has enough funding to support its current round of applicants.
Similarly, our Duke Quantum Center, in downtown Durham, is a major player in large-scale information processing, building ever-larger quantum computer systems. North Carolina could be well positioned to be a leader in quantum computing if the promise of CHIPS and Science is realized.
Were ready for the next step.
Academic research and development is a federal partnership that has galvanized the states economy for more than 60 years and one that must remain robust if we want to continue that momentum. The CHIPS and Science Act will further catalyze North Carolinas leadership in discovery-based research, but current projections show a $7 billion funding shortfall from the original spending targets. If not fully funded, we will see further stagnation of the nations economic growth, defense capabilities and global competitiveness.
If we want the great innovations to grow from our soil and benefit our citizens, we need Congress to start distributing the money it approved for use a year ago.Lets create the next generation of innovators.
Vincent Price is president of Duke University.
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Lets Create the Next Generation of Innovators - Duke University