Is IonQ Worth The Leap?

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Futuristc CPU processor and machine learning concept. 3D illustration getty Quantum computing is in its infancy; but with its long-term promise, this remains one of the most exciting potential investment markets of tomorrow. Two of today’s sharpest market observers – Matthew Castel of the Toronto-based Logos LP and Simon Erickson, founder and CEO of 7investing – look at the risk and reward of IonQ, soon to be the first NYSE-listed pure play in this emerging field. What was particularly exciting about this year's March technology selloff was the opportunity to evaluate smaller capitalization stocks set to benefit from significant structural changes in the economy trading at more reasonable prices. One such stock we purchased in the quarter is dmy Technology III (DMYI). This is a SPAC launched by dmy Technology Group Inc....

D-Wave unveils Leap quantum computing service

D Wave unveils Leap quantum computing service
Burnaby, BC’s D-Wave Systems Inc. announced its next-generation quantum computing platform, Leap quantum cloud service, is now open for generally availability. The service includes D-Wave’s latest Advantage quantum system, which boasts more than 5000 qubits and 15-way qubit connectivity. Targeted at business users, the Leap service also includes D-Wave’s new hybrid discrete quadratic model (DQM) solver that it says can run computational problems with up to one million variables. Instead of accepting problems with only binary variables (0 or 1), the DQM solver uses other variable sets (e.g. integers from 1 to 500, or red, yellow and blue), which expands the types of problems that can run on the quantum computer, the company says. Beyond new hardware and software, the company also announced D-Wave Launch, a jump-start program designed to help...