Google Cloud and SpaceX sign major computing deal

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Google and SpaceX have signed a deal to install Starlink terminals at Google Cloud’s data centers around the world.The companies say the agreement is mutually beneficial, as it will allow SpaceX to utilize the power of cloud for Starlink customers, while extending the satellite network’s speedy internet to Google’s enterprise cloud customers.“Combining Starlink’s high-speed, low-latency broadband with Google’s infrastructure and capabilities provides global organizations with the secure and fast connection that modern organizations expect,” said SpaceX President and Chief Operating Officer Gwynne Shotwell.Elon Musk’s space company, which forged a similar agreement with Microsoft’s Azure cloud service last year, will install the first Starlink terminal at Google’s data center in New Albany, Ohio. Secure data deliveryOnce the...

DataBank Deal Expands Funding Options for Colocation, Edge Computing

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The exterior of the DataBank SLC5 data center on the comp[any's Granite Point campus in Bluffdale, Utah. (Image: DataBank) A recent financing by DataBank breaks new ground in funding data center growth, and may help colocation and edge computing companies raise money using strategies previously limited to huge hyperscale deals. DataBank raised $658 million through the sale of secured notes, a strategy that allows companies to borrow funds at a lower rate using pools of assets and cash flow as collateral. Previous secured notes have been backed by wholesale data...

IonQ Takes Quantum Computing Public With A $2 Billion Deal

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IonQ IonQ IonQ has shattered the glass ceiling that previously separated pure-play quantum computer companies from public listed offerings. There were rumors last year that IonQ was considering an IPO. But rather than raising capital with a conventional IPO, IonQ chose to go public by using a merger with dMY Technology Group III, a SPAC (special-purpose acquisition company). The deal will create a combined entity estimated to be worth about $2 billion. A few days after the announcement, Patrick Moorhead, president of Moor Insights & Strategy, and I had an interesting conversation with Peter Chapman, CEO and President of IonQ, and Niccolo de Masi, CEO of dMY. There are hundreds of articles explaining details about the transaction and its structure. Our focus here is primarily on IonQ’s cash injection and IonQ's plans for...

Roche strikes quantum computing deal to develop early-stage Alzheimer’s drugs with CQC

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Swiss pharma giant Roche is to develop quantum algorithms to help it discover and develop early-stage drugs as part of a deal with Cambridge Quantum Computing (CQC).The company is planning to use CQC’s quantum chemistry platform, EUMEN, to design and implement noisy-intermediate-scale-quantum (NISQ) algorithms for early-stage drug discovery, particularly for the treatment of Alzheimer’s Disease.An early step in the fight against dementiaWhile the CQC deal will be focused on speeding up the discovery process for drugs to help treat Alzheimer’s, it will likely be expanded in scope should it prove successful.“For many years quantum computing has held out great promise for discovering new therapeutics that aid humanity in fighting some of the most devastating and damaging diseases. We are pleased that due to the careful and pioneering efforts...