Quantum Computing

Quantinuum, a quantum computing company, made its Nasdaq debut on Thursday, closing up 0.63% with a market value of $15.7 billion. The company raised $1.68 billion in an upsized IPO.

Quantinuum Inc., a quantum computing company backed by Honeywell International Inc., raised $1.68 billion in its upsized US initial public offering. The company sold 28 million shares for $60 each, above its marketed range of $53 to $55.

Quobly, a French startup developing silicon-based quantum computers, has raised €115M in Series A funding led by Bpifrance, SEALSQ, and STMicro.

Microsoft unveiled a new quantum computing chip, Majorana 2, which was redesigned with the help of AI. The company aims to have commercially useful quantum machines by 2029.

Quantinuum, a quantum computing company backed by Honeywell, has increased the size of its initial public offering (IPO) to raise up to $1.46 billion. The company is offering 26.5 million shares for $53 to $55 each.

Researchers have found that classical machines can fully understand complex chemical reactions, contradicting the notion that quantum computers are necessary for this task.

Scientists from King's College London have become the first UK academic research team to gain access to Google's cutting-edge quantum computer chip Willow, which can solve problems in 5 minutes that would take supercomputers 10 septillion years.

The US government has invested $2 billion in quantum computing companies, but a member of Congress argues that the deals are illegal as Congress did not allocate the money for this purpose.