Quantum computer manufacturing specialist SDT, announced that it has successfully raised KRW 20 billion (USD 14 million) in a pre-IPO funding round. This achievement marks a significant milestone as the company accelerates its plans to become Korea’s first publicly listed quantum technology firm by the second half of 2025.

A team led by Prof. DING Dongsheng from the University of Science and Technology of China (USTC) of the Chinese Academy of Sciences experimentally observed higher-order and fractional discrete time crystals (DTCs) in periodically driven Rydberg atomic dissipative systems. Their study was published in Nature Communications.

The Albanese Government is investing over AUD$60 million (approximately $39 million) through the Advanced Strategic Capabilities Accelerator’s (ASCA) Emerging and Disruptive Technologies (EDT) program to support quantum and counter-disinformation technologies relevant to Australia’s defense priorities.

Dr. Hyang-Tag Lim's research team at the Center for Quantum Technology at the Korea Institute of Science and Technology (KIST) has implemented a quantum computing algorithm that can estimate interatomic bond distances and ground state energies with chemical accuracy using fewer resources than conventional methods, and has succeeded in performing accurate calculations without the need for additional quantum error mitigation techniques.

New research from the University of Kent has demonstrated that quantum information could eventually be used to coordinate the actions of devices that can move, such as drones or autonomous vehicles. This could lead to more efficient logistics, which could make deliveries cheaper, and better use of limited bandwidth for the likes of self-driving cars.

Karlsruhe Institute of Technology Joins IQST as a New Partner.

Rigetti Computing, Inc. (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it has successfully completed sales of $100 million gross proceeds of its common stock pursuant to its previously disclosed "at-the-market" equity offering program (the “ATM Program”) since the commencement of the ATM Program in March 2024. The Company intends to use the funds generated by the ATM Program for working capital, capital expenditures and other general corporate purposes, including continuing to focus on its strategy as a leader in superconducting quantum computing and continuing to work to improve its 2-qubit gate fidelity and scale towards higher qubit count systems.

Toshiba Corporation (Toshiba) has confirmed a breakthrough technology that promises to advance progress toward the development of higher-performance quantum computers through an investigation of a potential major advance in quantum computing. Experiments conducted by a joint research group from Toshiba and RIKEN, one of Japan’s largest comprehensive research institutions, have successfully realized a Double-Transmon Coupler, a solution for superconducting quantum computers initially proposed by Toshiba. The researchers achieved a world-class fidelity of 99.90% for a two-qubit gate, which is at the heart of quantum computation. Fidelity is a standard performance indicator for quantum gates, quantifying how close an operation is to the ideal in a range from 0% to 100%, with higher percentages indicating greater accuracy in the quantum gate's operation.

At the SuperComputing 2024 (SC24) conference in Atlanta (GA), from November 17–22, and the European Quantum Technologies Conference in Lisbon (Portugal), from November 18–20, the EuroQCS-France consortium announced plans to grant early remote access to a 6-qubit digital photonic quantum computer developed by Quandela. This initiative aims to support the European research community before the deployment of the Lucy system in France next year.

SDT, a quantum standard technology company, has announced plans to establish a joint venture with Anyon Technologies, a leading quantum computing firm, by the end of this year. The collaboration aims to develop and produce a 20-qubit superconducting quantum computer system integrated with NVIDIA’s Grace Hopper Superchip.