Sandia National Laboratories has introduced the Enchilada Trap (what a fantastic name!), a groundbreaking ion trap that facilitates the manipulation of quantum bits (qubits) for transformative quantum computation. Rigetti has launched the Ankaa-1 quantum processor, featuring a novel two-qubit gate architecture, pushing towards achieving quantum advantage. UK startup Phasecraft has secured £13 million in funding to develop quantum-specific algorithms, underscoring the growing importance of algorithmic innovation in quantum technology.In the realm of research, Los Alamos National Laboratory presents a game-changing theoretical approach that leverages natural quantum interactions for more efficient quantum computing hardware. NIST introduces a "toggle switch" mechanism to enhance quantum processors' versatility and clarity of outputs. Meanwhile, collaborative efforts extend their impact, with initiatives like the push for diversity and inclusion in quantum communities. Last wee we saw the launch of Quantum Edge by QuantrolOx, automating the tuning and optimization of superconducting quantum computers. Lastly. It has been the week of QEC, with a new type of error code methodology proposed by IBM that potentially uses 10 times less physical qubits. This is still far from full error correction but definetely a great step forward.Oh, and apparently Michio Kaku is angry because Generative AI is taking some of the spotlight from quantum, so he says GPT models are just “Glorified tape recorders”. (Well, at least they can record something!). This is very interesting because we see quantum companies like Zapata (now Zapata AI!) and Terra Quantum among others pivoting heavily towards these technologies that are more Horizon 1 than 3.Earnings calls time! Quick summary of quantum public company results:In Q2 2023, publicly-listed quantum computing companies IonQ, Rigetti Computing, D-Wave, and Quantum Computing Inc. reported revenue growth alongside increased net losses. IonQ's revenue reached $5.5 million with a net loss of $43.7 million, while Rigetti posted $3.3 million in revenue and a $17 million net loss, including the sale of a 9-qubit QPU to a national lab. D-Wave saw revenue of $1.7 million, a net loss of $25.9 million, and highlighted growing enterprise commitment. Quantum Computing Inc. reported approximately $112,000 in revenue, a $4.6 million net loss, and launched an Edge device. All companies experienced developments in technology, partnerships, and product launches, amid rising interest and investments in the quantum computing sector.
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The Week in Quantum Computing - August 21th
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Sandia National Laboratories has introduced the Enchilada Trap (what a fantastic name!), a groundbreaking ion trap that facilitates the manipulation of quantum bits (qubits) for transformative quantum computation. Rigetti has launched the Ankaa-1 quantum processor, featuring a novel two-qubit gate architecture, pushing towards achieving quantum advantage. UK startup Phasecraft has secured £13 million in funding to develop quantum-specific algorithms, underscoring the growing importance of algorithmic innovation in quantum technology.In the realm of research, Los Alamos National Laboratory presents a game-changing theoretical approach that leverages natural quantum interactions for more efficient quantum computing hardware. NIST introduces a "toggle switch" mechanism to enhance quantum processors' versatility and clarity of outputs. Meanwhile, collaborative efforts extend their impact, with initiatives like the push for diversity and inclusion in quantum communities. Last wee we saw the launch of Quantum Edge by QuantrolOx, automating the tuning and optimization of superconducting quantum computers. Lastly. It has been the week of QEC, with a new type of error code methodology proposed by IBM that potentially uses 10 times less physical qubits. This is still far from full error correction but definetely a great step forward.Oh, and apparently Michio Kaku is angry because Generative AI is taking some of the spotlight from quantum, so he says GPT models are just “Glorified tape recorders”. (Well, at least they can record something!). This is very interesting because we see quantum companies like Zapata (now Zapata AI!) and Terra Quantum among others pivoting heavily towards these technologies that are more Horizon 1 than 3.Earnings calls time! Quick summary of quantum public company results:In Q2 2023, publicly-listed quantum computing companies IonQ, Rigetti Computing, D-Wave, and Quantum Computing Inc. reported revenue growth alongside increased net losses. IonQ's revenue reached $5.5 million with a net loss of $43.7 million, while Rigetti posted $3.3 million in revenue and a $17 million net loss, including the sale of a 9-qubit QPU to a national lab. D-Wave saw revenue of $1.7 million, a net loss of $25.9 million, and highlighted growing enterprise commitment. Quantum Computing Inc. reported approximately $112,000 in revenue, a $4.6 million net loss, and launched an Edge device. All companies experienced developments in technology, partnerships, and product launches, amid rising interest and investments in the quantum computing sector.