Latest news with #AtomComputing
Yahoo
2 days ago
- Business
- Yahoo
Atom Computing Strengthens European Presence with Appointment of Former Danish Ambassador Jesper Kamp as Regional Director
BERKELEY, Calif., Aug. 5, 2025 /PRNewswire/ -- Atom Computing, a pioneer in scalable quantum computing built on neutral atoms, today announced a significant step in its commitment to the European quantum ecosystem with the appointment of Jesper Kamp as Regional Director for Europe. He will be based in Atom Computing's Denmark office, effective immediately. Kamp brings two decades of distinguished leadership in diplomacy, innovation policy, and strategic international engagement. Most recently, he served as Ambassador, Consul General, and CEO of Innovation Centre Denmark in Silicon Valley under the Ministry of Foreign Affairs of Denmark. Kamp's experience at the intersection of technology, geopolitics, and global public affairs will be instrumental as Atom Computing deepens its Danish and European presence and strengthens cross-sector collaboration within the rapidly emerging quantum ecosystem. Dr. Ben Bloom, CEO and Founder of Atom Computing, commented: "Europe plays an increasingly critical role in shaping the global quantum landscape. Jesper's unique background in diplomacy and innovation will help us build meaningful partnerships that advance the development and responsible deployment of quantum technologies. His appointment reflects our commitment to engaging strategically with European institutions, industry leaders, and governments to accelerate the path toward quantum advantage." Jesper Kamp added: "After more than 20 inspiring years in the Foreign Service, I am proud to join Atom Computing, a global frontrunner in quantum technology. The evolution of quantum and atom-based computing is no longer a scientific frontier alone; it is a strategic imperative for Europe's technological sovereignty, security infrastructure, and economic resilience. I look forward to contributing to Atom Computing's mission and forging strong partnerships across the region." This appointment builds on Atom Computing's increasing engagement in the region. Novo Nordisk Foundation and EIFO (Export and Investment Fund of Denmark), recently announced their $93 million investment to establish QuNorth and acquire "Magne," the world's most powerful quantum computer. Magne, which will be located in Copenhagen, will be powered by Atom Computing's neutral atom hardware and further solidify Denmark's role in advancing both the European and global quantum ecosystems. With Kamp's leadership, Atom Computing will further align its European initiatives with its global mission: to accelerate the path to practical quantum advantage through scalable, high-fidelity neutral atom quantum computing platforms. About Atom Computing Atom Computing is developing large-scale quantum computers to enable companies and researchers to achieve unprecedented computational breakthroughs. Utilizing highly scalable arrays of optically trapped neutral atoms, the company has developed systems with over 1,000 qubits, featuring advanced capabilities towards fault-tolerant quantum computing. Atom Computing's on-premises systems provide customers with new computational tools to address increasingly complex applications and to grow their quantum ecosystem. Learn more at and follow us on LinkedIn. View original content to download multimedia: SOURCE Atom Computing
Business Insider
4 days ago
- Business
- Business Insider
Microsoft (MSFT) CEO Labels Quantum Computing the Next Cloud Driver Amid Platform Expansion
Microsoft (MSFT) is making quantum computing a core part of its long-term cloud strategy. During the company's fourth-quarter earnings call on July 30, CEO Satya Nadella said, 'The next big accelerator in the cloud will be Quantum, and I am excited about our progress. In fact, earlier this month, we announced the world's first operational deployment of a Level 2 quantum computer, in partnership with Atom Computing.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Level 2 quantum systems include error correction and can support logical qubits, which makes them more stable than earlier quantum machines. Microsoft's deployment is seen as the first in-market system with this capability. The company also revealed plans to build a new machine called Magne with Atom Computing. Magne will use over 1,200 physical qubits to support 50 logical qubits. Construction is set to begin in fall 2025, with workloads expected in 2027. Microsoft Expands AI and Quantum Stack With $30B Capex Unlike peers such as Alphabet (GOOG) and International Business Machines (IBM), Microsoft is focused on neutral atoms instead of superconducting chips. The partnership with Atom Computing fits into the company's broader bet on scalable and fault-tolerant hardware. Microsoft said its capital spending would reach $30 billion this year, mainly to support AI and quantum workloads. The company has built over 400 data centers globally and added liquid cooling in each Azure region. Azure revenue rose 39% year-over-year in the quarter. Total revenue reached $76.44 billion, while earnings per share came in at $3.65. Microsoft is also layering its quantum work into Azure AI Foundry and Microsoft Fabric, its cloud-based data platforms. Fabric posted 55% year-over-year growth and now supports over 25,000 customers. OpenAI's use of Microsoft tools continues to deepen, including Cosmos DB and Azure PostgreSQL for ChatGPT operations. What Is the Price Target for MSFT Stock? average MSFT stock price target of $617.58. This implies a 17.83% upside from the current price.
Euractiv
29-07-2025
- Business
- Euractiv
Danish quantum investment will boost EU biotech and medical research
The investment in a new, powerful quantum computing hub in Denmark aims to provide a significant boost to biotech and medical research in the Nordics, according to the CEO of the Novo Nordisk Foundation. The Export and Investment Fund of Denmark (EIFO) and the Novo Nordisk Foundation have announced plans to invest €80 million in a Level 2 quantum computer. Named after the Norse god Magni, the computer is expected to be operational by 2026–2027. Mads Krogsgaard Thomsen, CEO of the Novo Nordisk Foundation, told Euractiv that the investment aims to provide a significant boost to biotech and medical research in Denmark, Sweden, Finland, Norway and Iceland. Computer power It is also a necessary step in generating an even more powerful computer: a level 3 quantum computer, which is expected to be ready for use by 2030 and will be a thousand times more powerful than a level 2 computer. 'Being squeezed from both the West and the East, from both the US and China, Europe is in a vulnerable position and falling behind, as the Draghi report shows. Therefore, we in Denmark would like to do our utmost to restore and strengthen our position in the Nordics.' Also, Morten Bødskov, Danish Minister of Industry, Business and Financial Affairs, stated that, 'With the investment in the world's strongest quantum computer, we are making a solid shift in the global quantum race." He added, "This will benefit all of Europe. We need to harness the untapped possibilities of quantum technology for Danish and European businesses, society, and security. Denmark and the EU must lead the race in developing new technologies.' EU-US collaboration Although primarily European, the Magne project will involve two American companies. The California-based Atom Computing will build and deliver quantum hardware for Magne, while Microsoft will integrate its Azure cloud platform software, tailored to Atom Computing's neutral atom technology . TheNovo Nordisk Foundation CEO said that all data input, such as individual health journals, will be stored in Denmark and shall not migrate outside its borders. 'No data is ever leaving Denmark,' he stated. At the same time, the next generation, the level 3 quantum computer, is planned to be fully based on European technology. Keeping research in Europe The investors are setting up a company called QuNorth to house the Magne computer in Copenhagen. Magne will be used alongside AI and hybrid computing; the latter could, for example, integrate public and private clouds or systems, or digital and analogue components of different sorts. The quantum computing hub in the Danish capital will, according to Thomsen, invite both public and private researchers to conduct advanced calculations to solve complex problems, such as those at the subatomic or molecular level, and study protein mechanisms in medical research. 'We would especially like to stimulate private and public partnerships and to keep innovation in Europe.' At the same time, 'unethical research' would probably not be allowed, but such a definition is not yet set. Empowering the Nordics Marie Arsenian-Henriksson, Vice President for Research at the renowned Swedish medical university Karolinska Institutet (KI), told Euractiv that the new initiative creates 'very favourable conditions for researchers and industrial partners in the Nordics within health and life science,' adding that: 'The QuNorth initiative consolidates and further develops the Nordic region's position as a global leader in Quantum Life Science and helps us to translate advanced quantum technology into concrete societal benefits in the field of health." This is also the view of Juleen R. Zierath, an American professor at the Department of Molecular Medicine and Surgery at KI, and affiliated with a research centre at the University of Copenhagen, financed by the Novo Nordisk Foundation. She is not directly involved in the Magne project. Usually, she explained, it is very difficult for researchers to access such modern and powerful tools. 'The new quantum computing resources will be very important and open up opportunities to find new medical advances for Nordic researchers in the future. It will be a lift for the whole ecosystem of life science –natural science, tech science and medical science – in the Nordics,' she said. Not without caveats Even so, Juleen R. Zierath also pointed to the risk of trusting AI and quantum computing too much, as answers and solutions depend on what data a researcher puts into these systems. 'Researchers and students need to have a basic understanding of how to conduct science, and that one needs to put in the highest and most accurate level of information to get the best possible outputs.' Magne will be 100% Danish-owned, with EIFO and the Novo Nordisk Foundation each investing approximately €40 million in the establishment of QuNorth. QuNorth plans to build a small organisation of around 10 employees, whose primary task will be to ensure optimal utilisation of Magne across commercial and academic users in the Nordic region. The search for a CEO for the new company is set to start soon. [Edited by Vasiliki Angouridi, Brian Maguire]
Yahoo
17-07-2025
- Business
- Yahoo
Microsoft and Atom Unveil Quantum Breakthrough in Denmark
July 17 - Microsoft (NASDAQ:MSFT) and Atom Computing will build one of the world's most powerful commercial quantum computers in Denmark. The 80 million ($93 million) project is backed equally by the Novo Nordisk Foundation and Denmark's Export and Investment Fund. Warning! GuruFocus has detected 7 Warning Sign with MSFT. The new Copenhagen-based company, QuNorth, will operate the system, named Magne, which is expected to go live in early 2027. Magne will use logical qubits, a technology layer that enhances stability and error resistance compared with today's raw physical qubits. Atom Computing, a U.S. startup specializing in neutral?atom quantum hardware, will supply the quantum processors. Microsoft will provide its Discovery software stack and error?correction protocols. The partnership builds on Microsoft's recent expansion of its Danish quantum research facilities. QuNorth aims to give Nordic researchers and companies priority access to Magne for applications in pharmaceuticals, chemicals, logistics and finance. Construction begins late in 2025, and a Nordic quantum summit is planned that fall to detail commercial and academic access programs. By placing Magne under Danish ownership, the deal strengthens Europe's quantum capabilities. For Microsoft, it deepens its footprint in the region's tech sector; for Atom Computing, it offers a proving ground to scale its hardware for commercial workloads. This article first appeared on GuruFocus.
Yahoo
17-07-2025
- Business
- Yahoo
Denmark aims to host world's most powerful quantum computer
By Supantha Mukherjee and Stine Jacobsen STOCKHOLM/COPENHAGEN (Reuters) -The Novo Nordisk Foundation and Denmark's state-owned credit fund said on Thursday they will invest in what they say will be the world's most powerful quantum computer, aiming to revolutionize areas such as drug discovery and materials computing holds the promise of carrying out calculations that would take today's systems millions of years and could unlock discoveries in medicine, chemistry and many other fields where near-infinite seas of possible combinations of molecules confound classical computers. The Novo Nordisk Foundation, the non-profit which controls pharmaceutical giant Novo Nordisk, and Denmark's Export and Investment Fund (EIFO), said in a statement they would invest 80 million euros ($92.93 million) in the initiative called QuNorth. Microsoft, which has its largest quantum lab in Denmark, will provide software and Atom Computing will build the quantum computer. The computer will be named Magne, inspired by Norse mythology where Magne, the son of Thor, is known for his immense strength. Construction will begin in autumn and the computer is expected to be ready by the end of next year. The quantum computer will start operating with 50 logical qubits, Jason Zander, Microsoft's executive vice president, told Reuters. A qubit, short for quantum bit, is the basic unit of information in a quantum computer and a logical qubit is a virtual qubit built from many physical qubits to reliably process quantum information. Last November, Microsoft and Atom created 24 logical qubits, the highest number ever created. "When we get to about 50 logical qubits, that's when we start hitting true quantum advantage," Zander said. "I get to the point where I can run something on a quantum computer that I could not run on a classic computer." "When the machine gets up to 100 (logical qubits), we can start doing science problems, get up to a couple 100s, we can start doing some chemistry and starting to answer things, and then when all the way up to 1,000, now you are solving everything," Zander said. ($1 = 0.8606 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
