Businesses Are Spending Big on Quantum:
Many companies are pouring millions into quantum computing programs to gain a competitive edge and prepare for future ...
wsj.com/tech/businesses-are-spending-big-on-quantum-c73060ad
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Success! IBM Hits 99% Accuracy Transferring Quantum Information Between Chips: Prototype quantum computers already exist, but if we're to truly realize ...
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Quantum Computers Can Get Colder Than Deep Space — Here's How They Stay Running: Quantum computers are kept at temperatures near absolute zero to keep heat from ...
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A quantum computing feat brings the ‘megaquops’ era a step closer: Error correction creates qubits that glitch only 5 out of a million times ...
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Quantum computers: How Google is following the Munich start-up Planqc
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New Scientist Oct 18
Google showcases way to fix quantum computer errors more efficiently: Error-proofing the most important operations performed on a quantum computer has so far ...
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Silicon qubits surpass 99.99% gate fidelity while operating three at once: Silicon spin qubits are a promising platform for building scalable quantum computers ...
phys.org/news/2026-10-silicon-qubits-surpass-gate-fidelity.html
Quantum Alliance forms to defend 6.4 million vulnerable bitcoin against future threats
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‘It will be us’: Former Australian of the Year is building her answer to OpenAI: Michelle Simmons has worked with cutting-edge technology for decades ...
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A Scottish software breakthrough could spur big quantum computer advance: Researchers have developed an algorithm that allows off-the-shelf computers to run ...
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IBM executive warns of risk of quantum computing hacks: Organisations are unprepared for the risks posed by quantum computing, IBM's Europe and Africa ...
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Bitcoin's Post-Quantum Solutions: Given the pace of development in AI and quantum computing, security could be the most important challenge for bitcoin holders ...
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Mamdani's $29M quantum deal sparks panic: 'Is Zohran coming for our coins..': A New York lab promises new technology and jobs.
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Google’s quantum Willow chip may be able to grow ‘magic states’: The work could help improve quantum computers’ accuracy in complex calculations
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PsiQuantum gets DARPA backing: The $125 million cash infusion adds a new vote of confidence for the company’s efforts to build the world’s first large-scale ...
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Key FactsPsiQuantum plans large photon-based quantum computer
Jul 14, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: technologyreview.com
Summary created with AI assistance · Source: technologyreview.com
- The proposed machine does not yet exist and would route photons through optical switches and beam splitters.
- PsiQuantum raised $1 billion in 2025 and connected three cabinets with 250 chips each at its Milpitas facility.
- The company expects its Australian facility to be operational by the end of 2027, but does not thereby promise that a large computer will be complete.
- PsiQuantum has been assessed by the US research agency DARPA since 2023 and entered the program’s third stage in 2025.
Whenever we have more power to calculate and simulate and understand things, we build incredible machines that come from it.— Terry Rudolph, cofounder of PsiQuantum, in an interview about the implications of increased calculation and simulation power for quantum computing.
The quantum computing revolution is closer than you think: After years of false dawns, many tech companies are betting that quantum computers will outperform ...
financialpost.com/financial-times/quantum-computing-revolution-closer-than-you-think
Quantum pioneers who perfected secrecy receive Turing Award: An American physicist and Canadian computer scientist received the A.M. Turing Award on Wednesday ...
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How JPMorgan Chase is prepping for Q Day: The bank is developing algorithmic models that will be ready to take advantage of quantum computers when they become ...
americanbanker.com/news/how-jpmorgan-chase-is-prepping-for-q-day
Key FactsJPMorgan Chase prepares for quantum computing
Jul 24, 2024 · Reading time: ~45 sec.
Summary created with AI assistance · Source: americanbanker.com
Summary created with AI assistance · Source: americanbanker.com
- JPMorgan Chase is developing, documenting and maintaining quantum algorithms for financial applications that are intended for production once suitable computers become available.
- Marco Pistoia identifies portfolio optimization, fraud detection and Monte Carlo simulations as possible early applications, while he says financial problems currently require hundreds of qubits and a low error rate.
- To counter a possible Q Day, when quantum computers could break RSA encryption, JPMorgan Chase is adopting post-quantum cryptography and quantum key distribution.
- In June, the bank and Quantinuum demonstrated a quantum computer performing a random circuit sampling task that, according to both companies, performed 100 times better than Google's Sycamore in 2019, while IBM criticized Google's analysis of quantum supremacy.
The financial industry would benefit 100% from quantum. We think it's going to be the first industry sector to benefit from quantum.— Marco Pistoia, global head of quantum computing at JPMorgan Chase, in an interview
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