Archive for the ‘Quantum Computing’ Category

IONQ: Wall Street Analysts Predict More Than 160% Upside in These Stocks – StockNews.com

Concerns over the 40-year high inflation and hawkish federal reserve have pushed the benchmark indices into the bear market territory. Bearish sentiment is still widespread, and the market is likely to continue to feel the pressure in the near term as well.

The overwhelming mentality remains gloomy, with most people just trying to avoid bear-market rallies, convinced the SPX has several hundred points of further downside over the coming months, wrote Adam Crisafulli of Vital Knowledge.

However, certain financially robust stocks possess solid upside potential and might perform well in the long run. And staying invested is important, or one can miss out on long-term returns.

Despite the market downturns, Wall Street analysts believe IonQ, Inc. (IONQ) and Rigetti Computing, Inc. (RGTI) could rally by more than 160% in the near term. Thus, these stocks could be worth adding to your watchlist.

IonQ, Inc. (IONQ)

IONQ engages in the development of general-purpose quantum computing systems. The company offers access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS), Amazon Braket, Microsofts Azure Quantum, and Googles Cloud Marketplace.

On May 17, 2022, IONQ launched IonQ Forte, its latest generation of quantum systems. Forte features acousto-optic deflector (AOD) technology, which nullifies noise and overcomes variations in ion position, which is critical for scaling quantum computers. Given the growing quantum computing market, the company should benefit from this development.

Furthermore, on June 23, 2022, IONQ announced its partnership with GE Research to explore the benefits of quantum computing concerning risk management. This collaboration is expected to achieve record feats in quantum computing.

For the first quarter ended March 31, 2022, IONQs revenue came in at $1.95 million, up 1,462.4% year-over-year. Its net loss decreased 42.4% year-over-year to $4.23 million, while its loss per share came in at $0.02, down 66.7% year-over-year. Moreover, its cash and cash equivalents came in at $86.75 million, up 144.2% year-over-year.

IONQs revenue is expected to increase 406.9% year-over-year to $10.64 million in 2022. Its EPS is expected to grow 20% per annum for the next five years.

IONQ declined 26.1% over the past month, closing the last trading session at $4.38. However, Wall Street analysts expect the stock to hit $11.50 soon, indicating a potential upside of 162.6%.

Rigetti Computing, Inc. (RGTI)

RGTI operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform.

On June 21, 2022, Rigetti UK Limited, a wholly-owned subsidiary of RGTI, announced the launch of its 32-qubit Aspen-series quantum computer in the UK. Chad Rigetti, RGTIs founder and CEO, said, We believe deploying our first UK-based quantum computer is a major step towards our vision to integrate QPUs into the fabric of the cloud.

RGTIs net cash provided by financing activities came in at $213.44 million for the first quarter ended March 31, 2022, up 1,674.9% year-over-year. Its cash and restricted cash came in at $206.94 million, up 609.2% year-over-year.

RGTIs revenue is expected to grow 123.7% year-over-year to $12.40 million in 2022. Its EPS is estimated to grow 60.3% in 2022.

RGTI shares have slumped 45% over the past three months closing the last trading session at $3.67. However, Wall Street analysts expect the stock to hit $11.50 soon, indicating a potential upside of 213.4%.

IONQ shares were trading at $4.34 per share on Friday afternoon, down $0.04 (-0.91%). Year-to-date, IONQ has declined -74.01%, versus a -20.15% rise in the benchmark S&P 500 index during the same period.

Riddhima is a financial journalist with a passion for analyzing financial instruments. With a master's degree in economics, she helps investors make informed investment decisions through her insightful commentaries. More...

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Quantex establishes the first of its kind Quantum Resistant Exchange and a crypto wallet. – Digital Journal

Quantex is the first of its kind Quantum Resistant Exchange, Wallet & Blockchain using dual-layer post-quantum signatures and quantum-resistant algorithmic encryption technology. The platform launched Quantum-resistant exchange, wallet, and blockchain for all defi needs.

London, United Kingdom, 1st Jul 2022, King NewsWire, Quantex is a newly launched crypto platform in the industry. It functions as a licensed digital asset exchange and custodian, where holders can buy, sell, and store digital assets in a regulated, secure, and compliant manner.

In addition, Quantex is a quantum-resistant exchange, wallet, and blockchain for all the defi needs of crypto enthusiasts. It introduces a future-proof solution to hacking and vulnerabilities. The introduction of quantum computing constitutes a new paradigm shift for blockchain technology. It promises both problems and opportunities for the sector.

Quantex is a next-generation platform with security features against current cryptographic threats. It comes with a suite of solutions that provide safe digital asset custody. Quantex also allows for safe interactions with private and public post-quantum blockchains.

Visithttps://quantex.host/for further information.

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Contact Person: Media Relations

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Country: United Kingdom

Website: https://quantex.host/

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A Huge Step Forward in Quantum Computing Was Just Announced: The First-Ever Quantum Circuit – ScienceAlert

Australian scientists have created the world's first-ever quantum computer circuit one that contains all the essential components found on a classical computer chip but at the quantum scale.

The landmark discovery, published in Nature today, was nine years in the making.

"This is the most exciting discovery of my career," senior author and quantum physicist Michelle Simmons, founder of Silicon Quantum Computing and director of the Center of Excellence for Quantum Computation and Communication Technology at UNSW told ScienceAlert.

Not only did Simmons and her team create what's essentially a functional quantum processor, they also successfully tested itby modeling a small molecule in which each atom has multiple quantum states something a traditional computer would struggle to achieve.

This suggests we're now a step closer to finally using quantum processing power to understand more about the world around us, even at the tiniest scale.

"In the 1950s, Richard Feynman said we're never going to understand how the world works how nature works unless we can actually start to make it at the same scale," Simmons told ScienceAlert.

"If we can start to understand materials at that level, we can design things that have never been made before.

"The question is: how do you actually control nature at that level?"

The latest invention follows the team's creation of the first ever quantum transistor in 2012.

(Atransistoris a small device that controls electronic signals and forms just one part of a computer circuit. An integrated circuit is more complex as it puts lots of transistors together.)

To make this leap in quantum computing, the researchers used a scanning tunneling microscope in an ultra-high vacuum to place quantum dots with sub-nanometer precision.

The placement of each quantum dot needed to be just right so the circuit could mimic how electrons hop along a string of single- and double-bonded carbons in a polyacetylene molecule.

The trickiest parts were figuring out: exactly how many atoms of phosphorus should be in each quantum dot; exactly how far apart each dot should be; and then engineering a machine that could place the tiny dots in exactly the right arrangement inside the silicon chip.

If the quantum dots are too big, the interaction between two dots becomes "too large to independently control them", the researchers say.

If the dots are too small, then it introduces randomness because each extra phosphorus atom can substantially change the amount of energy it takes to add another electron to the dot.

The final quantum chip contained 10 quantum dots, each made up of a small number of phosphorus atoms.

Double carbon bonds were simulated by putting less distance between the quantum dots than single carbon bonds.

Polyacetylene was chosen because it's a well-known model and could therefore be used to prove that the computer was correctly simulating the movement of electrons through the molecule.

Quantum computers are needed because classical computers cannot model large molecules; they are just too complex.

For example, to create a simulation of the penicillin molecule with 41 atoms, a classical computer would need 1086 transistors, which is "more transistors than there are atoms in the observable universe".

For a quantum computer, it would only require a processor with 286 qubits (quantum bits).

Because scientists currently have limited visibility as to how molecules function at the atomic scale, there's a lot of guess work in the creation of new materials.

"One of the holy grails has always been making a high temperature superconductor," says Simmons. "People just don't know the mechanism for how it works."

Another potential application for quantum computing is the study of artificial photosynthesis, and how light is converted to chemical energy through an organic chain of reactions.

Another big problem quantum computers could help solve is the creation of fertilizers. Triple nitrogen bonds are currently broken under high temperature and pressure conditions in the presence of an iron catalyst to create fixed nitrogen for fertilizer.

Finding a different catalyst that can make fertilizer more effectively could save a lot of money and energy.

Simmons says the achievement of moving from quantum transistor to circuit in just nine years is mimicking the roadmap set by the inventors of classical computers.

The first classical computer transistor was created in 1947. The first integrated circuit was built in 1958. Those two inventions were 11 years apart; Simmons' team made that leap two years ahead of schedule.

This article was published in Nature.

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A Huge Step Forward in Quantum Computing Was Just Announced: The First-Ever Quantum Circuit - ScienceAlert

Quantum Error Correction: Time to Make It Work – IEEE Spectrum

Dates chiseled into an ancient tombstone have more in common with the data in your phone or laptop than you may realize. They both involve conventional, classical information, carried by hardware that is relatively immune to errors. The situation inside a quantum computer is far different: The information itself has its own idiosyncratic properties, and compared with standard digital microelectronics, state-of-the-art quantum-computer hardware is more than a billion trillion times as likely to suffer a fault. This tremendous susceptibility to errors is the single biggest problem holding back quantum computing from realizing its great promise.

Fortunately, an approach known as quantum error correction (QEC) can remedy this problem, at least in principle. A mature body of theory built up over the past quarter century now provides a solid theoretical foundation, and experimentalists have demonstrated dozens of proof-of-principle examples of QEC. But these experiments still have not reached the level of quality and sophistication needed to reduce the overall error rate in a system.

The two of us, along with many other researchers involved in quantum computing, are trying to move definitively beyond these preliminary demos of QEC so that it can be employed to build useful, large-scale quantum computers. But before describing how we think such error correction can be made practical, we need to first review what makes a quantum computer tick.

Information is physical. This was the mantra of the distinguished IBM researcher Rolf Landauer. Abstract though it may seem, information always involves a physical representation, and the physics matters.

Conventional digital information consists of bits, zeros and ones, which can be represented by classical states of matter, that is, states well described by classical physics. Quantum information, by contrast, involves qubitsquantum bitswhose properties follow the peculiar rules of quantum mechanics.

A classical bit has only two possible values: 0 or 1. A qubit, however, can occupy a superposition of these two information states, taking on characteristics of both. Polarized light provides intuitive examples of superpositions. You could use horizontally polarized light to represent 0 and vertically polarized light to represent 1, but light can also be polarized on an angle and then has both horizontal and vertical components at once. Indeed, one way to represent a qubit is by the polarization of a single photon of light.

These ideas generalize to groups of n bits or qubits: n bits can represent any one of 2n possible values at any moment, while n qubits can include components corresponding to all 2n classical states simultaneously in superposition. These superpositions provide a vast range of possible states for a quantum computer to work with, albeit with limitations on how they can be manipulated and accessed. Superposition of information is a central resource used in quantum processing and, along with other quantum rules, enables powerful new ways to compute.

Researchers are experimenting with many different physical systems to hold and process quantum information, including light, trapped atoms and ions, and solid-state devices based on semiconductors or superconductors. For the purpose of realizing qubits, all these systems follow the same underlying mathematical rules of quantum physics, and all of them are highly sensitive to environmental fluctuations that introduce errors. By contrast, the transistors that handle classical information in modern digital electronics can reliably perform a billion operations per second for decades with a vanishingly small chance of a hardware fault.

Of particular concern is the fact that qubit states can roam over a continuous range of superpositions. Polarized light again provides a good analogy: The angle of linear polarization can take any value from 0 to 180 degrees.

Pictorially, a qubits state can be thought of as an arrow pointing to a location on the surface of a sphere. Known as a Bloch sphere, its north and south poles represent the binary states 0 and 1, respectively, and all other locations on its surface represent possible quantum superpositions of those two states. Noise causes the Bloch arrow to drift around the sphere over time. A conventional computer represents 0 and 1 with physical quantities, such as capacitor voltages, that can be locked near the correct values to suppress this kind of continuous wandering and unwanted bit flips. There is no comparable way to lock the qubits arrow to its correct location on the Bloch sphere.

Early in the 1990s, Landauer and others argued that this difficulty presented a fundamental obstacle to building useful quantum computers. The issue is known as scalability: Although a simple quantum processor performing a few operations on a handful of qubits might be possible, could you scale up the technology to systems that could run lengthy computations on large arrays of qubits? A type of classical computation called analog computing also uses continuous quantities and is suitable for some tasks, but the problem of continuous errors prevents the complexity of such systems from being scaled up. Continuous errors with qubits seemed to doom quantum computers to the same fate.

We now know better. Theoreticians have successfully adapted the theory of error correction for classical digital data to quantum settings. QEC makes scalable quantum processing possible in a way that is impossible for analog computers. To get a sense of how it works, its worthwhile to review how error correction is performed in classical settings.

Simple schemes can deal with errors in classical information. For instance, in the 19th century, ships routinely carried clocks for determining the ships longitude during voyages. A good clock that could keep track of the time in Greenwich, in combination with the suns position in the sky, provided the necessary data. A mistimed clock could lead to dangerous navigational errors, though, so ships often carried at least three of them. Two clocks reading different times could detect when one was at fault, but three were needed to identify which timepiece was faulty and correct it through a majority vote.

The use of multiple clocks is an example of a repetition code: Information is redundantly encoded in multiple physical devices such that a disturbance in one can be identified and corrected.

As you might expect, quantum mechanics adds some major complications when dealing with errors. Two problems in particular might seem to dash any hopes of using a quantum repetition code. The first problem is that measurements fundamentally disturb quantum systems. So if you encoded information on three qubits, for instance, observing them directly to check for errors would ruin them. Like Schrdingers cat when its box is opened, their quantum states would be irrevocably changed, spoiling the very quantum features your computer was intended to exploit.

The second issue is a fundamental result in quantum mechanics called the no-cloning theorem, which tells us it is impossible to make a perfect copy of an unknown quantum state. If you know the exact superposition state of your qubit, there is no problem producing any number of other qubits in the same state. But once a computation is running and you no longer know what state a qubit has evolved to, you cannot manufacture faithful copies of that qubit except by duplicating the entire process up to that point.

Fortunately, you can sidestep both of these obstacles. Well first describe how to evade the measurement problem using the example of a classical three-bit repetition code. You dont actually need to know the state of every individual code bit to identify which one, if any, has flipped. Instead, you ask two questions: Are bits 1 and 2 the same? and Are bits 2 and 3 the same? These are called parity-check questions because two identical bits are said to have even parity, and two unequal bits have odd parity.

The two answers to those questions identify which single bit has flipped, and you can then counterflip that bit to correct the error. You can do all this without ever determining what value each code bit holds. A similar strategy works to correct errors in a quantum system.

Learning the values of the parity checks still requires quantum measurement, but importantly, it does not reveal the underlying quantum information. Additional qubits can be used as disposable resources to obtain the parity values without revealing (and thus without disturbing) the encoded information itself.

Like Schrdingers cat when its box is opened, the quantum states of the qubits you measured would be irrevocably changed, spoiling the very quantum features your computer was intended to exploit.

What about no-cloning? It turns out it is possible to take a qubit whose state is unknown and encode that hidden state in a superposition across multiple qubits in a way that does not clone the original information. This process allows you to record what amounts to a single logical qubit of information across three physical qubits, and you can perform parity checks and corrective steps to protect the logical qubit against noise.

Quantum errors consist of more than just bit-flip errors, though, making this simple three-qubit repetition code unsuitable for protecting against all possible quantum errors. True QEC requires something more. That came in the mid-1990s when Peter Shor (then at AT&T Bell Laboratories, in Murray Hill, N.J.) described an elegant scheme to encode one logical qubit into nine physical qubits by embedding a repetition code inside another code. Shors scheme protects against an arbitrary quantum error on any one of the physical qubits.

Since then, the QEC community has developed many improved encoding schemes, which use fewer physical qubits per logical qubitthe most compact use fiveor enjoy other performance enhancements. Today, the workhorse of large-scale proposals for error correction in quantum computers is called the surface code, developed in the late 1990s by borrowing exotic mathematics from topology and high-energy physics.

It is convenient to think of a quantum computer as being made up of logical qubits and logical gates that sit atop an underlying foundation of physical devices. These physical devices are subject to noise, which creates physical errors that accumulate over time. Periodically, generalized parity measurements (called syndrome measurements) identify the physical errors, and corrections remove them before they cause damage at the logical level.

A quantum computation with QEC then consists of cycles of gates acting on qubits, syndrome measurements, error inference, and corrections. In terms more familiar to engineers, QEC is a form of feedback stabilization that uses indirect measurements to gain just the information needed to correct errors.

QEC is not foolproof, of course. The three-bit repetition code, for example, fails if more than one bit has been flipped. Whats more, the resources and mechanisms that create the encoded quantum states and perform the syndrome measurements are themselves prone to errors. How, then, can a quantum computer perform QEC when all these processes are themselves faulty?

Remarkably, the error-correction cycle can be designed to tolerate errors and faults that occur at every stage, whether in the physical qubits, the physical gates, or even in the very measurements used to infer the existence of errors! Called a fault-tolerant architecture, such a design permits, in principle, error-robust quantum processing even when all the component parts are unreliable.

A long quantum computation will require many cycles of quantum error correction (QEC). Each cycle would consist of gates acting on encoded qubits (performing the computation), followed by syndrome measurements from which errors can be inferred, and corrections. The effectiveness of this QEC feedback loop can be greatly enhanced by including quantum-control techniques (represented by the thick blue outline) to stabilize and optimize each of these processes.

Even in a fault-tolerant architecture, the additional complexity introduces new avenues for failure. The effect of errors is therefore reduced at the logical level only if the underlying physical error rate is not too high. The maximum physical error rate that a specific fault-tolerant architecture can reliably handle is known as its break-even error threshold. If error rates are lower than this threshold, the QEC process tends to suppress errors over the entire cycle. But if error rates exceed the threshold, the added machinery just makes things worse overall.

The theory of fault-tolerant QEC is foundational to every effort to build useful quantum computers because it paves the way to building systems of any size. If QEC is implemented effectively on hardware exceeding certain performance requirements, the effect of errors can be reduced to arbitrarily low levels, enabling the execution of arbitrarily long computations.

At this point, you may be wondering how QEC has evaded the problem of continuous errors, which is fatal for scaling up analog computers. The answer lies in the nature of quantum measurements.

In a typical quantum measurement of a superposition, only a few discrete outcomes are possible, and the physical state changes to match the result that the measurement finds. With the parity-check measurements, this change helps.

Imagine you have a code block of three physical qubits, and one of these qubit states has wandered a little from its ideal state. If you perform a parity measurement, just two results are possible: Most often, the measurement will report the parity state that corresponds to no error, and after the measurement, all three qubits will be in the correct state, whatever it is. Occasionally the measurement will instead indicate the odd parity state, which means an errant qubit is now fully flipped. If so, you can flip that qubit back to restore the desired encoded logical state.

In other words, performing QEC transforms small, continuous errors into infrequent but discrete errors, similar to the errors that arise in digital computers.

Researchers have now demonstrated many of the principles of QEC in the laboratoryfrom the basics of the repetition code through to complex encodings, logical operations on code words, and repeated cycles of measurement and correction. Current estimates of the break-even threshold for quantum hardware place it at about 1 error in 1,000 operations. This level of performance hasnt yet been achieved across all the constituent parts of a QEC scheme, but researchers are getting ever closer, achieving multiqubit logic with rates of fewer than about 5 errors per 1,000 operations. Even so, passing that critical milestone will be the beginning of the story, not the end.

On a system with a physical error rate just below the threshold, QEC would require enormous redundancy to push the logical rate down very far. It becomes much less challenging with a physical rate further below the threshold. So just crossing the error threshold is not sufficientwe need to beat it by a wide margin. How can that be done?

If we take a step back, we can see that the challenge of dealing with errors in quantum computers is one of stabilizing a dynamic system against external disturbances. Although the mathematical rules differ for the quantum system, this is a familiar problem in the discipline of control engineering. And just as control theory can help engineers build robots capable of righting themselves when they stumble, quantum-control engineering can suggest the best ways to implement abstract QEC codes on real physical hardware. Quantum control can minimize the effects of noise and make QEC practical.

In essence, quantum control involves optimizing how you implement all the physical processes used in QECfrom individual logic operations to the way measurements are performed. For example, in a system based on superconducting qubits, a qubit is flipped by irradiating it with a microwave pulse. One approach uses a simple type of pulse to move the qubits state from one pole of the Bloch sphere, along the Greenwich meridian, to precisely the other pole. Errors arise if the pulse is distorted by noise. It turns out that a more complicated pulse, one that takes the qubit on a well-chosen meandering route from pole to pole, can result in less error in the qubits final state under the same noise conditions, even when the new pulse is imperfectly implemented.

One facet of quantum-control engineering involves careful analysis and design of the best pulses for such tasks in a particular imperfect instance of a given system. It is a form of open-loop (measurement-free) control, which complements the closed-loop feedback control used in QEC.

This kind of open-loop control can also change the statistics of the physical-layer errors to better comport with the assumptions of QEC. For example, QEC performance is limited by the worst-case error within a logical block, and individual devices can vary a lot. Reducing that variability is very beneficial. In an experiment our team performed using IBMs publicly accessible machines, we showed that careful pulse optimization reduced the difference between the best-case and worst-case error in a small group of qubits by more than a factor of 10.

Some error processes arise only while carrying out complex algorithms. For instance, crosstalk errors occur on qubits only when their neighbors are being manipulated. Our team has shown that embedding quantum-control techniques into an algorithm can improve its overall success by orders of magnitude. This technique makes QEC protocols much more likely to correctly identify an error in a physical qubit.

For 25 years, QEC researchers have largely focused on mathematical strategies for encoding qubits and efficiently detecting errors in the encoded sets. Only recently have investigators begun to address the thorny question of how best to implement the full QEC feedback loop in real hardware. And while many areas of QEC technology are ripe for improvement, there is also growing awareness in the community that radical new approaches might be possible by marrying QEC and control theory. One way or another, this approach will turn quantum computing into a realityand you can carve that in stone.

This article appears in the July 2022 print issue as Quantum Error Correction at the Threshold.

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Quantum Error Correction: Time to Make It Work - IEEE Spectrum

IonQ and GE Research Demonstrate High Potential of Quantum Computing for Risk Aggregation – Business Wire

COLLEGE PARK, Md.--(BUSINESS WIRE)--IonQ (NYSE: IONQ), an industry leader in quantum computing, today announced promising early results with its partner, GE Research, to explore the benefits of quantum computing for modeling multi-variable distributions in risk management.

Leveraging a Quantum Circuit Born Machine-based framework on standardized, historical indexes, IonQ and GE Research, the central innovation hub for the General Electric Company (NYSE: GE), were able to effectively train quantum circuits to learn correlations among three and four indexes. The prediction derived from the quantum framework outperformed those of classical modeling approaches in some cases, confirming that quantum copulas can potentially lead to smarter data-driven analysis and decision-making across commercial applications. A blog post further explaining the research methodology and results is available here.

Together with GE Research, IonQ is pushing the boundaries of what is currently possible to achieve with quantum computing, said Peter Chapman, CEO and President, IonQ. While classical techniques face inefficiencies when multiple variables have to be modeled together with high precision, our joint effort has identified a new training strategy that may optimize quantum computing results even as systems scale. Tested on our industry-leading IonQ Aria system, were excited to apply these new methodologies when tackling real world scenarios that were once deemed too complex to solve.

While classical techniques to form copulas using mathematical approximations are a great way to build multi-variate risk models, they face limitations when scaling. IonQ and GE Research successfully trained quantum copula models with up to four variables on IonQs trapped ion systems by using data from four representative stock indexes with easily accessible and variating market environments.

By studying the historical dependence structure among the returns of the four indexes during this timeframe, the research group trained its model to understand the underlying dynamics. Additionally, the newly presented methodology includes optimization techniques that potentially allow models to scale by mitigating local minima and vanishing gradient problems common in quantum machine learning practices. Such improvements demonstrate a promising way to perform multi-variable analysis faster and more accurately, which GE researchers hope lead to new and better ways to assess risk with major manufacturing processes such as product design, factory operations, and supply chain management.

As we have seen from recent global supply chain volatility, the world needs more effective methods and tools to manage risks where conditions can be so highly variable and interconnected to one another, said David Vernooy, a Senior Executive and Digital Technologies Leader at GE Research. The early results we achieved in the financial use case with IonQ show the high potential of quantum computing to better understand and reduce the risks associated with these types of highly variable scenarios.

Todays results follow IonQs recent announcement of the companys new IonQ Forte quantum computing system. The system features novel, cutting-edge optics technology that enables increased accuracy and further enhances IonQs industry leading system performance. Partnerships with the likes of GE Research and Hyundai Motors illustrate the growing interest in our industry-leading systems and feeds into the continued success seen in Q1 2022.

About IonQ

IonQ, Inc. is a leader in quantum computing, with a proven track record of innovation and deployment. IonQ's current generation quantum computer, IonQ Forte, is the latest in a line of cutting-edge systems, including IonQ Aria, a system that boasts industry-leading 20 algorithmic qubits. Along with record performance, IonQ has defined what it believes is the best path forward to scale. IonQ is the only company with its quantum systems available through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud, as well as through direct API access. IonQ was founded in 2015 by Christopher Monroe and Jungsang Kim based on 25 years of pioneering research. To learn more, visit http://www.ionq.com.

IonQ Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words anticipate, expect, suggests, plan, believe, intend, estimates, targets, projects, should, could, would, may, will, forecast and other similar expressions are intended to identify forward-looking statements. These statements include those related to IonQs ability to further develop and advance its quantum computers and achieve scale; IonQs ability to optimize quantum computing results even as systems scale; the expected launch of IonQ Forte for access by select developers, partners, and researchers in 2022 with broader customer access expected in 2023; IonQs market opportunity and anticipated growth; and the commercial benefits to customers of using quantum computing solutions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: market adoption of quantum computing solutions and IonQs products, services and solutions; the ability of IonQ to protect its intellectual property; changes in the competitive industries in which IonQ operates; changes in laws and regulations affecting IonQs business; IonQs ability to implement its business plans, forecasts and other expectations, and identify and realize additional partnerships and opportunities; and the risk of downturns in the market and the technology industry including, but not limited to, as a result of the COVID-19 pandemic. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Risk Factors section of IonQs Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 and other documents filed by IonQ from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations.

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IonQ and GE Research Demonstrate High Potential of Quantum Computing for Risk Aggregation - Business Wire