The Monetary Authority of Singapore (MAS), DBS, HSBC, OCBC, UOB, SPTel and SpeQtral today signed a Memorandum of Understanding (MoU) to embark on quantum security collaboration and study the application of Quantum Key Distribution (QKD) [1] in financial services. QKD can help financial institutions (FIs) protect the exchange of cryptographic keys to address the cybersecurity threats posed by quantum computing.

The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has finalized its principal set of encryption algorithms designed to withstand cyberattacks from a quantum computer.

Realizing practical advantages and societal benefits from quantum-scale phenomena has been a long-sought milestone in quantum information science. The U.S. National Science Foundation today announced the initial $5 million investment across five pilot projects designed to help reach that milestone by taking the first steps toward creating the NSF National Quantum Virtual Laboratory (NQVL), a first-of-its-kind national resource to enable faster discovery and development of use-inspired quantum technologies.

Singtel today announced the launch of Southeast Asia’s first National Quantum-Safe Network Plus (NQSN+), which employs modern quantum security solutions to protect enterprises against quantum threats, as well as a customised programme for enterprises to trial the technology before adoption.

The European High Performance Computing Joint Undertaking (EuroHPC JU) has launched a call for tender for the installation of EuroQCS-Italy, a new EuroHPC quantum computer to be integrated into the EuroHPC pre-exascale system Leonardo.

Senate Majority Whip Dick Durbin (D-IL) and U.S. Senator Steve Daines (R-MT) today introduced legislation to advance the United States’ capacity to invest in quantum information science and research and development (R&D) through the U.S. Department of Energy (DOE). As R&D advances quantum science, engineering, and technology, the DOE Quantum Leadership Act of 2024 would reinvigorate R&D projects at DOE by authorizing $2.5 billion in funding over the next five years—well above the $625 million for DOE-related programs laid out in the now-expired National Quantum Initiative Act of 2018. The DOE Quantum Leadership Act would also provide DOE the authority to expand its current quantum R&D initiatives.

A groundbreaking new quantum research hub that aims to develop technologies for an ultra-secure 'quantum internet' of the future is being led by Heriot-Watt University. The Integrated Quantum Networks (IQN) Hub is one of five hubs announced by the UK government as part of a £160 million investment.

Five new quantum research hubs backed by over £100 million of government funding will deliver breakthroughs in healthcare, cybersecurity and transport.

siQuantum today announced a far-reaching partnership with the State of Illinois, Cook County, and the City of Chicago to build the first US-based utility-scale, fault-tolerant quantum computer at the former US Steel South Works property in the City of Chicago. Under this agreement PsiQuantum will anchor the newly established Illinois Quantum and Microelectronics Park (IQMP) which will catalyze the state’s highly developed quantum ecosystem, including the University of Illinois Urbana-Champaign (UIUC), the University of Chicago, the Chicago Quantum Exchange, Argonne and Fermi national labs and DARPA, the US Department of Defense’s Advanced Research Project Agency and others.

Three promising projects led by INRS professors will receive $7.4 million in funding over the next few years. These initiatives aim to enhance quantum communication, computing, and sensing capabilities by integrating photonics and quantum technologies.