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Rigetti Axes 28% Staff as Quantum Computing Companies Face Financial Pressure
February 13, 2023
The axe has come down on quantum computing firm Rigetti, which laid off 28 percent of its staff on Monday. The company also switched to a more conservative p Read more…
Qubits23 – D-Wave Asserts the Quantum Wait Is Over
January 18, 2023
At yesterday’s opening keynote to D-Wave Systems’ annual Qubits23 conference, CEO Alan Baratz took a broad swipe at the gate-based quantum computing communi Read more…
Survey Results: PsiQuantum, ORNL, and D-Wave Tackle Benchmarking, Networking, and More
September 19, 2022
The are many issues in quantum computing today – among the more pressing are benchmarking, networking and development of hybrid classical-quantum approaches. Read more…
D-Wave to Go Public with SPAC Deal; Expects ~$1.6B Market Valuation
February 8, 2022
Quantum computing pioneer D-Wave today announced plans to go public via a SPAC (special purpose acquisition company) mechanism. D-Wave will merge with DPCM Capital in a transaction expected to produce $340 million in cash and result in a roughly $1.6 billion initial market valuation. The deal is expected to be completed in the second quarter of 2022 and the new company will be traded on the New York Stock... Read more…
Multiverse Targets ‘Quantum Computing for the Masses’
January 19, 2022
The race to deliver quantum computing solutions that shield users from the underlying complexity of quantum computing is heating up quickly. One example is Multiverse Computing, a European company, which today launched the second financial services product in its Singularity product group. The new offering, Fair Price, “delivers a higher accuracy in fair price calculations for financial... Read more…
Qubit Stream: Monte Carlo Advance, Infosys Joins the Fray, D-Wave Meeting Plans, and More
September 23, 2021
It seems the stream of quantum computing reports never ceases. This week – IonQ and Goldman Sachs tackle Monte Carlo on quantum hardware, Cambridge Quantum pu Read more…
Canada Carves Out $40 Million for D-Wave in Quantum Investment Push
March 11, 2021
The government of Canada today announced it is making a $40-million contribution to quantum heavyweight D-Wave Systems Inc. as part of a larger $120 million inv Read more…
D-Wave Delivers 5000-qubit System; Targets Quantum Advantage
September 29, 2020
D-Wave today launched its newest and largest quantum annealing computer, a 5000-qubit goliath named Advantage that features 15-way qubit interconnectivity. It a Read more…
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