QUANTINUUM
Oracle plans fresh layoffs as AI spending piles up billions in debt: Report
Oracle is reportedly planning another round of job cuts. This move aims to reduce payroll while investing heavily in AI infrastructure. The company's employee count already fell significantly last fiscal year. Oracle spent billions on data centers and computing capacity for AI demand.
Oracle, Quantinuum partner to bring quantum computing to cloud
Under the deal, Oracle Cloud Infrastructure customers will gain access to Quantinuum's Helios quantum computer through OCI's quantum service, allowing them to combine quantum computing with Oracle's graphics-processing and high-performance computing services.
Microsoft's quantum computing technology called into question, again
A new scientific critique in Nature casts doubt on Microsoft's quantum computing claims, potentially impacting its 2029 target. While rivals pursue established methods, Microsoft's long-term bet on a novel technology faces renewed skepticism. The company maintains its research is progressing practically, despite past retractions and current concerns over identifying a crucial subatomic particle and a minute gap in conductive wires.
Honeywell's Quantinuum valued at $17.6 billion as shares rise in Nasdaq debut
Quantinuum shares jump 13.3% in their Nasdaq debut, valuing the Honeywell-backed quantum firm at $17.6 billion. Strong investor interest reflects optimism around quantum computing’s long-term potential, despite limited revenues and ongoing losses. The company raised $1.68 billion, though adoption challenges and revenue concentration remain key concerns for investors.
Honeywell's Quantinuum raises $1.68 billion in US IPO as quantum computing heats up
The listing is the latest test of investor appetite for quantum computing companies, as breakthroughs in the technology spur bets that quantum machines could eventually outperform conventional computers on certain complex tasks.
US IPO: Honeywell Quantinuum targets valuation of over $14 billion. Should you buy?
Quantinuum's revised IPO terms comes on the heels of the U.S. government unveiling plans last month to take $2 billion in equity stakes across nine quantum-computing companies.
Honeywell's Quantinuum eyes $14.3 billion valuation in upsized US IPO
The Broomfield, Colorado-based company is now seeking up to $1.46 billion by marketing 26.5 million shares priced between $53 and $55 apiece, it said on Monday.
US IPO: Honeywell's Quantinuum eyes $12.7 billion in initial public offering valuation. Check symbol in Nasdaq
Quantinuum, formed in 2021 after a separation from Honeywell and a merger with Cambridge Quantum, is chaired by the industrial giant's CEO, Vimal Kapur, and led by Intel veteran Rajeeb Hazra.
Honeywell's Quantinuum raises funds from Nvidia, others at $10 billion valuation
The latest round, which doubles Quantinuum's valuation from $5 billion in January 2024, saw new investments from Quanta Computer, QED Investors and NVentures - Nvidia's venture capital arm.
Nvidia to open quantum computing lab, CEO says
The Nvidia Accelerated Quantum Research Center, which Nvidia is calling NVAQC for short, will work with quantum firms including Quantinuum, Quantum Machines and QuEra Computing. Nvidia said the center will begin operating later this year.
ET Graphics: Majorana I, Willow and new frontiers of quantum computing
The groundwork for quantum computing was laid in the early 1980s when physicists Richard Feynman and David Deutsch discovered that by applying quantum mechanics laws, these computers could outperform traditional ones.
Wall Street darling until yesterday, quantum computing stocks tank as Nvidia CEO Jensen Huang has this to say
Nvidia CEO Jensen Huang's timeline remarks seem to have detrimental impact on Quantum computing stocks as Rigetti Computing, D-Wave Quantum, Quantum Computing and IonQ shares fell more than 35 per cent.
2024 science review: The 10 most intriguing breakthroughs of the year
Despite global turmoil, 2024 saw groundbreaking scientific advancements, including discovering the moon's far side, a new HIV prevention drug, AI's potential in mental health, and space missions to find extraterrestrial life. Quantum computing also progressed, while microplastics raised health concerns, further supported by studies on aging and climate fluctuation.
Google parent Alphabet jumps on quantum chip breakthrough
Google on Monday introduced a new chip called Willow, which solved a computing problem in five minutes that would have taken a classical computer more time than the history of the universe. Tech companies are chasing quantum computing in hopes of developing systems that perform at speeds far faster than traditional silicon-based computers.
With engineering talent and targeted upskilling, India can become a global quantum computing hub
Quantum computing is revolutionising various industries by solving complex problems beyond classical computing capabilities. With advancements like entanglement, quantum cryptography, and hybrid ecosystems, significant global investments are being made.
Microsoft, Quantinuum claim breakthrough in quantum computing
The move is the latest in a race to perfect quantum computing in which tech firms such as Microsoft, Alphabet's Google and IBM are jostling with both rivals and nation states to create machines that take advantage of quantum mechanics to promise speeds far faster than conventional silicon-based computers.
Quantum computing and the mysteries of "very small things"
Quantum mechanics was developed gradually in the early decades of the 20th century by some of the biggest names in physics.
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