The HyperSpace project, an intercontinental network for quantum key communication, recently published its research achievements for the first half of the year. According to reports, the HyperSpace project aims to advance the vision of a global quantum communication network and was launched in October 2022.

Recently, a new research project named "MANTIS," led by the Fraunhofer Institute for Applied Optics and Precision Engineering IOF in Germany, has been officially launched with a kick-off event. This project, costing 5.11 million euros, aims to utilize modern quantum technology to safeguard critical infrastructure against hacker attacks. The MANTIS project is specifically researching the advantages of so-called MDI-QKD(Measurement-Device-Independent Quantum Key Distribution) over conventional QKD methods.

Recently, scientists from the Matteo Zaccanti of the Italian National Institute of Optics have created a dense gas composed of lithium-chromium (LiCr) molecules at a temperature of 200 nanokelvin. This gas consists of ultracold molecules with strong magnetic dipoles. The researchers say that transferring the molecules to their absolute ground state, expecting to create a doubly polar molecule Bose-Einstein condensate with both electric and magnetic dipole moments. These dipolar molecules could potentially lead to new quantum simulation and quantum computing schemes.

Quantum Computing Inc., a company specializing in quantum optics and nanophotonics technologies, announced yesterday its financial performance for the first quarter of 2024. The quarter saw total revenues of approximately $27,000, operating expenses of $6.4 million, and research and development expenses of $1.4 million. The net loss for the reporting period was $6.9 million, with total assets amounting to $83.1 million and total liabilities at $3.8 million.