The quantum computing world has been gaining so much attention lately that it seems like something new is happening every day in this emerging tech destined to reshape our lives forever.
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In this article, we’ll recap the latest quantum developments made by the leading companies in this field.
Let’s take a look what’s new in the realm:
IonQ
IonQ (IONQ) garners plenty of attention from investors with technological breakthroughs in scalable quantum computing. This advancement comes from its collaboration with Oak Ridge National Laboratory, which has led to a new approach that reduces the number of two-qubit gates needed by over 85%. This is a big deal because it means more efficient and powerful quantum computations are on the horizon.
Rigetti Computing
Rigetti (RGTI) Computing has had a busy fortnight. RGTI stock rose after State Street Corp increased its stake, showing confidence in Rigetti’s future. In the meantime, Rigetti also launched its latest quantum system, the 84-qubit Ankaa-3, which promises to push the boundaries of what’s possible in quantum computing. It is a redesigned hardware setup with flexible architecture for better efficiency, improved qubit coherence, and high gate fidelity. These will allow for more accurate and scalable quantum computations.
D-Wave Quantum Inc.
D-Wave Quantum (QBTS) has been busy maintaining its SOC 2 Type 2 compliance, which ensures the security of its quantum computing solutions. It also completed a $175 million equity offering, giving it a financial boost to keep innovating and pushing forward.
Nvidia
Nvidia (NVDA), the tech giant known for its GPUs, announced a collaboration with Google Quantum AI. Together, they’re working on improving quantum computer designs using Nvidia’s CUDA-Q platform. This partnership aims to tackle the ‘noise’ issue in quantum computing, which can mess with calculations.
Google (GOOGL) has been making headlines with its new quantum chip, Willow. This chip can solve problems in minutes that would take supercomputers billions of years to solve. It’s a mind-blowing advancement that has reignited discussions about the potential of quantum computing and even the possibility of parallel universes. Google continues to be at the front of quantum computing.
IBM
IBM (IBM) launched its most advanced quantum computers yet, featuring the 156-qubit R2 Heron quantum processor. This new system can perform tasks up to 50 times faster than previous efforts, marking a major step towards achieving quantum advantage. As the oldest tech company on Wall Street, IBM is keeping pace with the rest and remains one of the leading forces in the quantum industry. They are a key player in the quantum race.
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