Xanadu Lands $100 Million as Investments Pour Into Quantum Computing

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Xanadu Quantum Technologies Inc., which aims to commercialize quantum computing using particles of light, has raised $100 million in new funding as investor interest in the industry heats up.On Tuesday, Xanadu announced a Series B funding led by Bessemer Venture Partners, one of Silicon Valley’s oldest such firms. Funding to date for the five-year-old company now totals $145 million, said Christian Weedbrook, founder and chief executive of Xanadu. Quantum computing has the potential to solve some problems many millions of times faster than a conventional computer, which is why major technology companies and startups are working to commercialize it using various approaches. Traditional computers store information as either zeros or ones. Quantum computers use quantum bits, or qubits, which represent and...

Cheap Stocks To Buy? 4 Cloud Computing Stocks To Know

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May 7, 2021 7 min read This story originally appeared on StockMarket Should Investors Buy These Cloud Stocks Amid The Recent Pullback? 2020 was a banner year for cloud computing stocks. In the past year, if you wanted to make money, the easiest way was to buy top cloud computing stocks in the stock market. Thanks to the coronavirus pandemic, demand for cloud services skyrocketed to all-time highs. With companies focusing on digital acceleration, cloud infrastructure is vital to have. Being able to conveniently store and access company data is paramount as companies are still pushing their projects and innovations amidst these troubled times. Investors and companies seem to be aware of these trends. For instance, Microsoft (NASDAQ: MSFT) has enjoyed a...

Quantum computing is so last-decade. Get ready to invest in the final frontier… teleportation

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If 2020 had you wishing you could say “Beam me up, Scotty,” you’re not alone. You may be one tiny step closer to getting your wish… in a few decades or so. Scientists from Fermilab, Caltech, NASA’s Jet Propulsion Laboratory and the University of Calgary achieved “long-distance quantum teleportation” in mid-2020, they confirmed in an academic journal article published last month. It’s another step toward realizing what’s often called quantum computing, and also toward understanding physics on a different level than we do now, perhaps well enough to someday teleport humans. And while there is no ETF specifically for that yet, here are some broad guidelines for thinking about how to invest in very nascent technologies. For starters, it’s good to understand the broad contours of the industry supporting the idea. A...

Opinion: Quantum computers’ power will remake competition in industries from technology to finance

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Quantum computers, once fully scaled, could lead to breakthroughs on many fronts — medicine, finance, architecture, logistics. First, it’s important to understand why quantum computers are superior to the conventional ones we’ve been using for years: In conventional electronic devices, memory consists of bits with only one value, either 0 or 1. In quantum computing, a quantum bit (qubit) exhibits both values in varying degrees at the same time. This is called quantum superposition. These ubiquitous states of each qubit are then used in complex calculations, which read like regular bits: 0 and 1. Since qubits can store more information than regular bits, this also means quantum computers are capable of processing greater quantities of information. Having four bits enables 16 possibilities, but only one at a time. Four qubits in...