Aramco, one of the world’s leading integrated energy and chemicals companies, has signed an agreement with Pasqal, a global leader in neutral atom quantum computing, to install the first quantum computer in the Kingdom of Saudi Arabia. Under the agreement, Pasqal will install, maintain, and operate a 200-qubit quantum computer, with deployment planned for the second half of 2025.

JPMorgan Chase recently announced that it has successfully implemented a high-speed quantum-secured crypto-agile network (Q-CAN), connecting two data centers over deployed fibers. Its third quantum node has also been established, currently serving as a next-generation quantum technology research platform for testing banking and financial applications. The Q-CAN network utilizes quantum key distribution (QKD) technology to protect multiple independent high-speed virtual private networks (VPNs).

Recently, the lawmakers on Cyber Innovative Technologies, and Information Systems (CITI) of the House Armed Services Subcommittee have been promoting the establishment of a military-focused Quantum Computing Center of Excellence(COE) to help the U.S. Department of Defense strategically scale the technology and build on current momentum. If this new provision is passed, the Quantum COE will be established within 10 years after the enactment of the legislation.

Quantic Electronics, part of Arcline Investment Management, has acquired M-Wave Design. M-Wave produces radio frequency and microwave components for aerospace, defense, and quantum computing. Their products include passive waveguide and coaxial components that operate at cryogenic temperatures and support high power, low loss designs.

The University of Sydney Nano Institute has received substantial backing from the US government’s quantum computing funding program, with a $10 million grant over four years aimed at drastically improving existing quantum technology. The funding will allow the Sydney Nano team to deepen its research in quantum error correction and expand work with global industry, including collaboration with IBM scientists and access to IBM quantum systems over the cloud.

The quantum computing and artificial intelligence drug design company POLARISqb recently announced that it has hired Anat Naschitz, an investor and entrepreneur in the life sciences field, to join its board of directors.

Arqit Quantum Inc. , a leader in quantum safe encryption, announced it will report financial results for the six months ending March 31, 2024 on Monday, May 20, 2024.

Rigetti Computing, Inc. announced today that it will release its first quarter 2024 results on Thursday, May 9, 2024, after the market closes. The company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET on the same day.

D-Wave Quantum announced it will release its financial results for the first quarter of fiscal year 2024 ended March 31, 2024 on Monday, May 13 before market open. In conjunction with this announcement, D-Wave will host a conference call on that day at 8:00 a.m. (Eastern Time) to discuss the company’s financial results and business outlook.

Arqit Quantum announced the creation of the world's first quantum-safe 1.89 Tb IPsec product in collaboration with Intel. Arqit and Intel have joined forces to offer out-of-the-box post-quantum cryptography solutions using Arqit’s Symmetric Key Agreement Platform (SKA-Platform), which runs on Intel Xeon Scalable processors. This solution achieves high-performance IPsec encryption, protecting against quantum attacks without compromising speed.

Infleqtion announced that its neutral atom quantum computing Sqorpius platform’s Controlled-Z (CZ) gate fidelity reached an impressive 98.8%±0.2%. Additionally, Infleqtion employs a non-destructive measurement process that helps identify leakage-type errors. By post-selecting for the absence of these errors, the CZ fidelity measurement was further boosted to 99.5%±0.2%.

Quantum computing leader IonQ has revealed plans to unveil its financial results for the quarter ending March 31, 2024, on May 8, 2024. The announcement will be made after the close of financial markets. A conference call is scheduled for 4:30 PM Eastern time on the same day to discuss the results and provide insights into the company's future prospects.

A research team at the University of Innsbruck, Austria, has made a significant breakthrough in the field of quantum communication. By using a new method that involves trapping three calcium ions in an optical cavity and exciting them to emit entangled photons, the team has successfully increased the number of photons sent to three at a time. This doubles the success rate for long-distance communication compared to the previous method of sending one photon at a time. 

Yesterday, the quantum security encryption company Arqit Quantum announced that its existing major shareholder, D2BW Limited, and two founders have agreed to purchase 1,241,379 ordinary shares from the company at a price of $0.725 per share, which was the closing price of its ordinary shares on the Nasdaq market on March 28, 2024.

Researchers from the Dutch quantum research institution QuTech have announced plans to build Europe's first quantum computer with 100 qubits. The device is scheduled to be completed in 2026 and will be open to the public. This project is funded by the Dutch quantum industry organization Quantum Delta NL through the European OpenSuperQPlus program.

The Science and Technology Facilities Council (STFC) has announced the first innovative start-ups to join two new business support programs aimed at helping digital and quantum technology start-ups succeed in global markets. Seven pioneering UK start-ups have been selected to join the Digital Incubation Centre (Digital BIC) and the Quantum Business Incubation Centre (QuBIC).

Renesas Electronics, a global leader in microcontrollers, analog, power, and SoC products provides a comprehensive solution for a broad range of automotive, industrial, home electronics, office automation, and information communication technology applications, and Quantropi Inc. , a Canadian cybersecurity company, have announced a formidable partnership to protect data and communications by enabling quantum security for IoT chipsets ranging from high-performance to ultra-low-power MCUs.

Bluefors released the Cryomech HeRL02-RM – a new Helium Reliquefier designed specifically for helium recovery from a single Nuclear Magnetic Resonance (NMR) instrument. By recycling the existing helium in the system, the HeRL02-RM safeguards users against helium supply issues and insulates against helium price fluctuations.

NIST plans to hold the 5th NIST PQC Standardization Conference from April 10-12, 2024, in Rockville, Maryland.  The purpose of the conference is to discuss various aspects of the algorithms (both those selected and those being evaluated) and to obtain valuable feedback for informing decisions on standardization. NIST will invite the submission teams for BIKE, Classic McEliece, Falcon, and HQC to give an update on their algorithms. 

BTQ Technologies Inc. has forged a partnership with the Australian Quantum Software Network (AQSN) to advance quantum software development. The collaboration aims to create open-source quantum computing software, including compilers and estimators, vital for quantum application advancement.