Today, Amazon Web Services (AWS) announced Ocelot, a new quantum computing chip that can reduce the costs of implementing quantum error correction by up to 90%, compared to current approaches. Developed by the team at the AWS Center for Quantum Computing at the California Institute of Technology, Ocelot represents a breakthrough in the pursuit to build fault-tolerant quantum computers capable of solving problems of commercial and scientific importance that are beyond the reach of today’s conventional computers.

BlueQubit, a quantum software startup founded by Stanford alumni, has announced a $10 million Seed funding round led by Nyca Partners, with participation from Restive, Chaac Ventures, Presto Tech Horizons, NKM Capital, BigStory, Untapped Ventures, Formula VC, and Granatus. This investment will support BlueQubit’s mission to deliver practical quantum advantage, equipping enterprises to solve complex problems that are increasingly beyond the reach of classical computing.

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.

Expanding what’s possible for developers and enterprises in the cloud, NVIDIA and Amazon Web Services are converging at AWS re:Invent in Las Vegas this week to showcase new solutions designed to accelerate AI and robotics breakthroughs and simplify research in quantum computing development.

The Jülich Supercomputing Centre (JSC) at Forschungszentrum Jülich received a 100-qubit quantum computer from Pasqal in mid-November. Pasqal is a world leader in neutral atoms quantum computing technology. The new quantum computer is part of the EuroHPC JU project HPCQS and will be coupled with the JURECA DC supercomputer at JSC. This will enable European researchers to use hybrid classical-quantum resources to solve complex challenges.

Newly opened National Quantum Computing Centre will be home to new quantum computers, designed to push the boundaries of what is possible with the technology.

EU funding for this call of €65 million is expected to be matched by the participating states of the Chips JU. This is part of the €200 million EU investment in quantum chips envisaged under the Chips JU over the next three years.

Fujitsu Limited and the Center for Quantum Information and Quantum Biology at Osaka University (QIQB) today announced the joint development of two new technologies for the space-time efficient analog rotation quantum computing architecture that will accelerate the realization of practical quantum computing.

In an exciting development for quantum computing, researchers from the University of Chicago’s Department of Computer Science, Pritzker School of Molecular Engineering, and Argonne National Laboratory have introduced a groundbreaking classical algorithm that simulates Gaussian boson sampling (GBS) experiments. This achievement not only helps clarify the complexities of current quantum systems but also represents a significant step forward in our understanding of how quantum and classical computing can work together.

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.