Chinese research institute updates Quantum Computing Cloud Platform, grants access to public

Chinese research institute updates Quantum Computing Cloud Platform grants access
A photo of the Jiuzhang light-based quantum computer prototype Photo: courtesy of University of Science and Technology of China A Chinese Academy of Sciences (CAS) research institute announced that it has completed the latest updates of a  Quantum Computing Cloud Platform co-built with Alibaba, allowing ordinary users to gain easier access to quantum computing knowledge. The quantum computing cloud platform supports the largest number of quantum bits in China. At present, more than 5,000 registered users have conducted more than 10,000 quantum computing experiments on the quantum computing cloud platform.On Monday, two new sections of the platform were launched to popularize the cutting-edge technology to general public, according to the research team.The knowledge data base section is aimed at introducing latest and systematic information of...

Airbus Ventures Commends Quantum Computing Leader, IonQ, Inc., on Upcoming Public Debut

IonQ system enclosure 2021 credit Erin Scott
MENLO PARK, Calif.--(BUSINESS WIRE)--Airbus Ventures congratulates IonQ, Inc. on its prospective milestone merger with dMY Technology Group, Inc. III. With this merger, IonQ will become the world’s first publicly traded pure-play hardware and software company in the quantum computing space. “This merger accelerates IonQ’s clearly defined and scalable roadmap,” said Peter Chapman, CEO & President of IonQ. “Airbus Ventures, a key IonQ investor, has been a guiding force in the exploration of quantum’s cross-industrial benefits. One of those industries is aerospace, in which quantum may help improve aircraft design, identify new manufacturing materials, or optimize flight traffic. We are excited about the possibilities.” Based on 25 years of pioneering research, IonQ’s unique trapped-ion approach combines superior computing...

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...