IBM and Pasqal jointly announced yesterday that they plan to collaborate on developing a common approach to quantum-centric supercomputing and promoting application research in chemistry and materials science. They will work with leading institutions in high-performance computing to integrate quantum computers with advanced classical computers to create the next generation of supercomputers.

ORCA Computing, a UK-based quantum computing startup, announced yesterday that it will provide Montana State University (MSU) with two PT-1 quantum photonics systems to enhance the university's research capabilities in distributed quantum computing and critical quantum technologies. These two systems will be funded by the U.S. Air Force and deployed locally within a building at MSU Innovation Campus.

Quantinuum announced yesterday that the number of fully connected qubits of its flagship product, the System Model H2 quantum computer, has increased from 32 to 56. It also released a research result achieved through collaboration with partners including JPMorgan Chase. They used the H2-1 quantum processor to solve the problem of random circuit sampling and measured the quality of their results through a suite of benchmark tests.

According to a new paper posted on the pre-print server ArXiv, researchers from Moderna and IBM Quantum have collaborated to demonstrate the use of quantum computers to predict the mRNA (messenger RNA) secondary structures. The study suggests that quantum computing is approaching a utility-scale capability for solving real-world problems. In this research, the researchers utilized IBM Eagle and Heron quantum processors to tackle the issue of predicting mRNA structure.

According to two recent filings with the U.S. Securities and Exchange Commission by the quantum information company Infleqtion, the company raised about $10.8 million in funding from investors this month. Infleqtion's CEO, Matthew Kinsella, stated publicly that this financing is only part of a “much larger capital raise.”

Quantum Circuits recently raised $26 million in a Series B round led by Sequoia Capital Partners and others, a funding round that brings the startup, which was founded in 2015, to a total of $84 million already raised. The company expects to begin selling its quantum computing capabilities in the cloud as a service this year.

UK quantum computing company Phasecraft is to open its first international office in Washington DC, USA. The company says that operating in the US will allow it to tap into the country's deep tech talent and deepen its relationships with the world's top quantum hardware companies. Professor Steve Flammia, chief research scientist at Amazon's AWS Quantum Computing Center, has reportedly left the company and has joined the Phasecraft team and will lead the US business.

A senior White House official disclosed at a conference on Monday that the U.S. National Institute of Standards and Technology (NIST) will release post-quantum cryptographic algorithms in the next few weeks. In addition, a spokesperson from NIST also stated recently that the agency plans to officially release post-quantum cryptography standards this summer.