Ok, this week the money has been flying. Multiverse has announced their €25M round. LuxQuanta also in Spain €2,5M. Maybell also raised $25M and OQC got $100M from Chevron Ventures. And in the midst of the investment frenzy Google and Xprize announce a prize of €5M to find actual relevant quantum use cases. France goes and gives €500M to some of the top 5 QC companies in the region: Alice & Bob, C12, Pasqal, Quandela, and Quobly to develop the national quantum program. IQM (Radiance) and Rigetti (Novera) have launched new devices. And in the meantime, at the APS conference, Qblox, Maybell and Quantware build in a couple of days a QC based on their components. Now that’s a mic drop. Quantinuum on the side published a paper that promises reducing extensively the scalability problems of the qubit connections, all the while roasting IonQ’s “Algorithmic Qubits”. ScalingQ also released LINQER600 that works towards qubit connection scalability and is the vendor of choice for IQM’s device.Lastly, two research papers bridge the Generative AI and Quantum worlds. Tensor networks may be able to “compress” LLMs reducing their inference cost. Both Multiverse Computing and Terra Quantum are working extensively on this.
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The Week in Quantum Computing - March 11th…
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Ok, this week the money has been flying. Multiverse has announced their €25M round. LuxQuanta also in Spain €2,5M. Maybell also raised $25M and OQC got $100M from Chevron Ventures. And in the midst of the investment frenzy Google and Xprize announce a prize of €5M to find actual relevant quantum use cases. France goes and gives €500M to some of the top 5 QC companies in the region: Alice & Bob, C12, Pasqal, Quandela, and Quobly to develop the national quantum program. IQM (Radiance) and Rigetti (Novera) have launched new devices. And in the meantime, at the APS conference, Qblox, Maybell and Quantware build in a couple of days a QC based on their components. Now that’s a mic drop. Quantinuum on the side published a paper that promises reducing extensively the scalability problems of the qubit connections, all the while roasting IonQ’s “Algorithmic Qubits”. ScalingQ also released LINQER600 that works towards qubit connection scalability and is the vendor of choice for IQM’s device.Lastly, two research papers bridge the Generative AI and Quantum worlds. Tensor networks may be able to “compress” LLMs reducing their inference cost. Both Multiverse Computing and Terra Quantum are working extensively on this.