Rolls-Royce, Riverlane and Xanadu have secured more than £400,000 grant funding from Innovate UK to accelerate the development of applications that will allow quantum computers to model the flow of air through jet engines. An additional CAD $500,000 has been awarded from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) as part of a growing relationship between the UK and Canada on quantum computing technology and expertise.

In a groundbreaking advancement for computational drug discovery, Danish quantum company Kvantify is proud to announce the launch of its first product, Kvantify Koffee, today. This innovative product aims to complement and reduce costly and time-consuming laboratory experiments by calculating a critical parameter in screening and selecting new drug candidates: Unbinding Kinetics. Kvantify Koffee adds value using classical computers today and is poised to offer even greater value as quantum computer hardware matures.

Terra Quantum, a leading quantum technology company, today announced TQCompressor, an algorithm that shrinks large language models (LLMs) while maintaining comparable performance to address the growing demands of generative AI models.

Multiverse Computing, a global leader in value-based quantum and quantum-inspired computing solutions and the largest quantum software company in the European Union, today announced it has secured a €25M (USD $27.1 million) oversubscribed investment round.

With the release of version 1.1 of the Intel Quantum Software Development Kit (SDK) on the Intel® Developer Cloud or qBraid, developers now have more options to use this full quantum computer in simulation, including the Intel® Quantum Compiler, Quantum Runtime and simulation of quantum hardware. Intel Quantum SDK 1.1 expands the capabilities of the high-level programming environment with new features, including an open source compiler front end, new target qubit simulator back ends and customizable qubit noise models, as well as more powerful programming tools for coding in familiar patterns.

HQS Quantum Simulations (HQS), a quantum startup from Karlsruhe, is supporting the QRydDemo project on behalf of the University of Stuttgart by developing a special compiler. The QRydDemo project is building a quantum computer based on neutral atoms. The compiler developed by HQS is specifically tailored to the unique features of this quantum computer. HQS will continue its support for the project, initiated in 2021 and scheduled to run until January 2025, and will improve the compiler further.

In the ever-evolving landscape of technology, a groundbreaking advance has emerged, poised to reshape the way we approach problem solving. The TitanQ platform, a Quantum-Inspired solution , is set to revolutionize computational capabilities, offering unparalleled speed, ease of integration, and environmental sustainability.

The Australian Army has improved its convoy logistics thanks to a quantum route optimization demonstration by quantum control engineering company Q-CTRL.

Future Labs Capital, a private equity venture capital firm that invests in best-in-class quantum computing and artificial intelligence (AI) technologies, has invested an undisclosed amount into qBraid, an industry leader and rapidly growing one-stop quantum computing software platform based in Chicago, IL.

Citi Innovation Labs has partnered with the quantum software company Classiq to explore portfolio optimization solutions, according to a blog post on the AWS website. Using Amazon Braket, the collaboration marks a significant step in applying quantum algorithms to complex financial problems.