Mediaboss Marketing

IonQ recognized for leadership in commercializing the power of quantum computers to solve some of the worlds most pressing problems

IonQ featured under the "New Frontiers - Pushing the Limits of Whats Possible" category

COLLEGE PARK, Md., March 30, 2022--(BUSINESS WIRE)--Today, IonQ (NYSE: IONQ), a leader in trapped-ion quantum computing, was named to TIMEs annual TIME100 Most Influential Companies list. This ranking highlights 100 companies that are making an extraordinary impact across the globe.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220330005526/en/

(Graphic: Business Wire)

"IonQ is honored to be a part of this years TIME100 Most Influential Companies list," said Peter Chapman, President and CEO of IonQ. "TIMEs recognition of quantum computings impact, and its specific recognition of IonQs role as an industry leader underscores the viability and promise of whats possible as we usher in the era of quantum computing."

IonQ was selected for inclusion in the "New Frontiers" category. To assemble the list, TIME solicited nominations from every sectorranging from health care and entertainment to transportation and technologyfrom its editors and correspondents around the world, as well as from industry experts. TIME editors then evaluated each nominee on factors including company relevance, impact, innovation, leadership and success.

IonQ's inclusion in the TIME100 is the company's latest achievement in a year of significant momentum in business and technical breakthroughs. On Monday, IonQ announced the Companys Q4 2021 and Full Year 2021 earnings. During this announcement, the team highlighted remarkable technology progress and announced that it achieved more than triple its original bookings projection. In October, IonQ became the first publicly traded pure-play quantum computing company.

As for technical breakthroughs, this year, IonQ introduced IonQ Aria, the worlds most powerful quantum computer, based on standard application-oriented industry benchmarks; discovered a new family of quantum gates that can accelerate quantum algorithms and can only be conducted on IonQ and Duke University systems; became the first company to use barium ions as qubits to further enable advanced quantum computing architectures; and secured a public-private manufacturing partnership with Pacific Northwest National Lab (PNNL) to produce barium qubits. IonQ is also the only quantum hardware company with computers accessible on all three major cloud providers, and its computers are being used to tackle problems ranging from financial modeling to electric vehicle battery chemistry and risk management.

Story continues

See the complete TIME100 Most Influential Companies 2022 list here: time.com/100companies

About IonQ

IonQ, Inc. is a leader in quantum computing, with a proven track record of innovation and deployment. IonQs latest generation quantum computer, IonQ Aria, is the worlds most powerful quantum computer, and 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.

About TIME

TIME is a global media brand that reaches a combined audience of more than 100 million around the world. A trusted destination for reporting and insight, TIME's mission is to tell the stories that matter most, to lead conversations that change the world and to deepen understanding of the ideas and events that define our time. With unparalleled access to the world's most influential people, the immeasurable trust of consumers globally, an unrivaled power to convene, TIME is one of the world's most recognizable media brands with renowned franchises that include the TIME100 Most Influential People, Person of the Year, Firsts, Best Inventions, World's Greatest Places and premium events including the TIME100 Summit and Gala, TIME100 Health Summit, TIME100 Next and more.

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 IonQ Arias technical achievements, future potential, and status in the quantum computing industry. 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 and the recent incursion into Ukraine. 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-K for the year ended December 31, 2021 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220330005526/en/

Contacts

IonQ Media Contact: Dillon OlagarayMission Northionq@missionnorth.com

IonQ Investor Contact: investors@ionq.co

TIME Media Contact: Kiasia Truluckkiasia.truluck@time.com

Read the original post:
IonQ Named As One Of TIMEs 100 Most Influential Companies - Yahoo Finance

This is a special sneak preview of the Neural Newsletter. Were talking about quantum technologies, trying to figure out who observes the observers, and sharing the further adventures of Bella the puppy this week. Dont forget to sign up here so you can science up your Saturdays if you havent already.

Howdy folks,

Ive spent the past few months taking a deep dive into the quantum services industry.

What began as a quest to understand thebusinessside of quantum computing turned out to be an odyssey of discovery.

Ive been frenetically transcribing interviews (yawn), researching the market from a financial perspective (yuck!), and studying physics like nobodys business (yay!).

And the sum of my findings? Were living in the last few moments before quantum technologies become as important and commonplace as AI, the internet, and electricity.

I cant wait to share more with you over the next few months.

The last time I was this excited about a future-facing technology was when deep learning came to prominence in the wake of Ian Goodfellow (et al.)s paper on global adversarial networks.

I believe quantum technologies will have a greater impact on humanity than anything that came before including fire.

And its all coming much sooner than you think.

Go here to see the original:
Spooky action in your inbox - The Next Web

WASHINGTON, March 28, 2022 (GLOBE NEWSWIRE) -- Major world governments are increasingly focusing on fusion energy research as a potential foundation for gaining the economic and military advantage in the twenty-first century, and perhaps beyond. In this emerging arena of supercharged competition, the quantum computing systems, algorithms, and tokamak design plans developed by Kronos Fusion Energy Defense Systems could be a key factor in winning a significant edge for the USA over its economic and political rival, China.

Fusion energy, known theoretically since 1920, promises potentially near-limitless energy generation, free from polluting or radioactive byproducts. With rising petroleum costs and the looming specter of global warming, developing workable fusion technology is more urgent than ever. The first country to make breakthroughs to practical fusion will become the world's energy leader, giving its decisive advantage in commerce, defense, and space exploration that could last for generations.

With immense government backing and funding, most recently reinforced in China's 14th Five-Year Plan, Chinese scientists seemingly lead the world with the $900 million Experimental Advanced Superconducting Tokamak (EAST). The EAST recently set records by maintaining stable plasma at 120 million degrees for more than 1.5 minutes. China budgeted hundreds of millions more to operate and upgrade the EAST reactor, while funding the training of over 1,000 new fusion physicists.

China's vigorous fusion program is committed to developing its quantum computing resources. Centered on the recently founded Chinese National Laboratory for Quantum Information Sciences, the program has received billions of dollars in funding. China currently holds 2.5 times more patents in deep learning than America, as well as a cornerstone of advanced quantum computing, while aggressively pursuing further developments. Chinese premier Xi Jinping even describes these technological sectors as the "main battleground" between the USA and China.

Currently, the edge in these economically and strategically vital technologies arguably belong to the PRC. However, Kronos offers the potential to redress this balance by bringing together quantum computing and fusion energy into a single powerful project. Harnessing the ability of quantum devices, neural networks, and machine learning to crunch immense quantities of data, while testing a multidimensional array of thousands of problems, learning and adapting in real-time, the potent simulations Kronos has developed should enable building fusion tokamaks 4,000% more effective than current reactors.

Kronos believes the lightning-fast development and analysis cycle provided by its algorithms will empower the U.S. to leapfrog twenty years ahead of China in fusion energy generation. Its quantum computing systems will not only enable developing precise, efficient fusion reactor designs, compact fusion engines for spacecraft, and other fusion technology, but demonstrate the viability of quantum learning as a breakthrough tool of economic and scientific success. Kronos' cutting-edge "proof-of-concept" will potentially attract robust public and private investment to the wider quantum research sector, putting the USA on course to achieve superiority not only in tokamak design but also in quantum computing research.

PR Contact: Erin Pendleton - pr@kronosfusionenergy.com

Related Images

Image 1

This content was issued through the press release distribution service at Newswire.com.

Link:
How Kronos Could Help the US Win the Fusion and Quantum Computing Race With China - GlobeNewswire

A new project which aims to take quantum computing from the lab to real-world applications has received 3 million of new funding.

The University of Strathclyde is a partner in the Empowering Practical Interfacing of Quantum Computing (EPIQC) project.

Over the next four years, quantum computing and information and communication technologies (ICT) researchers across the UK will work together to co-create new ways to bridge the gap between current quantum computers and ICT.

Unlike conventional digital computers, which encode information in the form of binary bits, quantum computers harness the phenomena of superposition and entanglement to encode information, unlocking the potential for much more advanced computing.

Currently, there is no overarching infrastructure to enable widespread interaction with quantum computers through information and communication technologies, as there is with digital computers. Without an established ICT structure, quantum computing cannot be extended to the devices, networking, and components that are commonplace in todays digital world.

EPIQC brings together researchers to work on the interface of quantum computing and ICT through the co-creation and networking activities. The collaborators will focus on three key areas of work to help overcome some of the barriers which are currently preventing the field of quantum computing from scaling up to practical applications through ICT: optical interconnects; wireless control and readout, and cryoelectronics.

The project is supported by funding from the Engineering and Physical Sciences Research Council (EPSRC), part of UKRI (UK Research and Innovation). It is being led at the University of Glasgow.

Dr Alessandro Rossi, a Senior Lecturer inPhysics and UKRI Future Leaders Fellow, is Strathclydes lead on the project. He said: We are at the dawn of a new technological era based on the exploitation of the laws of quantum physics. In order to bring this new technology to fruition, a number of engineering challenges lie ahead.

To this end, EPIQC will provide a unique opportunity to develop ICT technology tailored to quantum applications. Its interdisciplinarity will enable collaborations within a very diverse pool of scientists ranging from integrated circuit designers to quantum engineers, as well as material and optical physicists.

At Strathclyde, my team will be focusing on implementing wireless signal links between the quantum devices and the control electronics in a cryogenic environment. This is a formidable and crucial challenge to be tackled, in order to enable large quantum computing systems that could help solve practical real-life problems.

Other partners in the project are: the Universities of Birmingham, Lancaster and Southampton; University College London; Kings College London; the National Quantum Computing Centre; the Science and Technology Facilities Council; QuantIC; QCS Hub; IET Quantum Engineering Network; EPSRC eFutures Network and the National Physical Laboratory. EPIQCs industrial partners include: Oxford Instruments; Leonardo; NuQuantum; BT; SeeQC; Semiwise; Quantumbase; Nokia; Ericsson; Kelvin Nanotechnology, and SureCore.

Strathclyde is the only academic institution that has been a partner in all four EPSRC funded Quantum Technology Hubs in both phases of funding, in: Sensing and Timing; Quantum Enhanced Imaging; Quantum Computing and Simulation, and Quantum Communications Technologies.

A Quantum Technology Cluster is embedded in the Glasgow City Innovation District, an initiative driven by Strathclyde along with Glasgow City Council, Scottish Enterprise, Entrepreneurial Scotland and Glasgow Chamber of Commerce. It is envisaged as a global place for quantum industrialisation, attracting companies to co-locate, accelerate growth, improve productivity and access world-class research technology and talent at Strathclyde.

See more here:
Taking quantum computing into real-world applications - University of Strathclyde

S-4 Registration Statement for D-Wave and DPCM Capital Business Combination Filed

An S-4 registration statement is required to be filed by the U.S. Securities and Exchange Commission for any merger between two companies. It provides a preliminary proxy statement and prospectus in connection with the transaction ahead of shareholder votes to approve the merger. DPCM Capital, a Special Purpose Acquisition Company (SPAC), has filed this statement for its proposed merger with D-Wave Systems.

The S-4 statement includes a Pro Forma Statement of Operations for D-Wave in 2021 indicating they achieved a revenue of $6.2 million with a net loss of $31.5 million. In addition, it shows that the company spent $25.4 million in R&D and received government assistance of $7.1 million during the year. The merger transaction is expected to close in the second quarter of 2022 with D-Wave receiving a cash infusion at that time of $280 million ($300 million from the SPAC trust and $40 million from a PIPE transaction minus $60 million of expected transaction fees) assuming no redemptions of the SPAC shares at closing. This particular deal has an unusual structure that provides a bonus pool of about 5 million shares to current SPAC shareholders who do not redeem their shares which might help avoid some of the issues weve seen in other SPAC deals where redemptions reduced the amount of cash provided to the company after the deal closes.

An announcement from DPCM Capital about the filing of the S-4 statement can be seen here and the S-4 filing itself and all the associated exhibits can be downloaded from this page on the SEC website. Also, an investor presentation that was created when the deal was announced last February can be accessed here. These documents include a lot of detailed information about the finances of D-Wave for those who are willing to dig into it.

March 19, 2022

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Read more from the original source:
S-4 Registration Statement for D-Wave and DPCM Capital Business Combination Filed - Quantum Computing Report