PsiQuantum today announced a $10.8M contract with the Air Force Research Laboratory (AFRL) in Rome, N.Y., continuing a partnership that began in 2022. This phase will give AFRL a design space for comparative quantum circuits on PsiQuantum’s circuit tapeout, part of its ongoing Omega quantum chipset manufacturing with GlobalFoundries. As AFRL’s hardware design partner, PsiQuantum will supply its high-performance Barium Titanate (BTO) Electro-Optic phase shifters and integrate BTO into AFRL-designed optical circuits. PsiQuantum’s 300mm BTO material is believed to be the world’s highest-performing electro-switch material. The company will also provide essential quantum circuit components. Once designed, constructed, and screened for performance, the company will deliver these completed chips to AFRL, who will then validate their capabilities to address other Air Force use cases.

MIT researchers developed a photon-shuttling “interconnect” that can facilitate remote entanglement, a key step toward a practical quantum computer.

Today, IonQ announced that it has reached a definitive agreement with each of SK Telecom and ID Quantique (IDQ), a global leader in quantum safe networking and sensing headquartered in Geneva, Switzerland with offices in Seoul (South Korea), Vienna (Austria), and Boston (USA), to acquire a controlling stake in IDQ. Alongside the transaction, IonQ expects to enter into a strategic partnership focused on quantum with SK Telecom, the largest wireless telecommunications operator in South Korea.

a team of Harvard scientists has succeeded for the first time in trapping molecules to perform quantum operations. This feat was accomplished by using ultra-cold polar molecules as qubits, or the fundamental units of information that power the technology. The findings, recently published in the journal Nature, open new realms of possibility for harnessing the complexity of molecular structures for future applications.

In new work, using a superconducting qubit called fluxonium, MIT researchers in the Department of Physics, the Research Laboratory of Electronics (RLE), and the Department of Electrical Engineering and Computer Science (EECS) developed two new control techniques to achieve a world-record single-qubit fidelity of 99.998 percent. This result complements then-MIT researcher Leon Ding’s demonstration last year of a 99.92 percent two-qubit gate fidelity.

SandboxAQ today announced a round of more than $300 million from Fred Alger Management, LLC, T. Rowe Price Associates, Inc., Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investors, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun, IQT, and other prominent investors. The funding round valued the company at $5.3 billion on a pre-money basis.

Today, IonQ announced that it has reached a definitive agreement to acquire substantially all of the operating assets of Qubitekk, Inc., a leading Vista, CA-based quantum networking company. As part of the transaction, the Qubitekk team will join IonQ to further enhance IonQ’s leading position in the quantum networking industry. IonQ anticipates closing the acquisition within the next six months, subject to the satisfaction of certain closing conditions.

IonQ, a leader in the quantum computing industry, today announced that it has signed a $54.5 million contract with the United States Air Force Research Lab (AFRL). With a quarter remaining in the fiscal year, IonQ has announced $72.8 million in bookings year-to-date and reiterated its confidence in meeting or exceeding its bookings guidance of $75-95 million for the year.

IonQ, a leader in the quantum computing and networking industries, will commemorate World Quantum Day on April 14 with international events in Japan and South Korea and an event at the New York Stock Exchange (NYSE), recognizing a year of the company’s significant technological milestones and business growth.