Latest news with #CUDA-Q
Yahoo
6 days ago
- Business
- Yahoo
Infleqtion Raises $100M to Scale Atom-Based Quantum Solutions for National Security and Next Generation Intelligent Systems
Backed by Glynn Capital, Counterpoint Global (Morgan Stanley), S32, and SAIC, Infleqtion is defining the frontier of commercial quantum technology with deployable systems that meet today's most demanding challenges. BOULDER, Colo., June 02, 2025--(BUSINESS WIRE)--Infleqtion, the only company actively commercializing atom-based quantum systems across computing, sensing, and precision timing, announced a $100 million Series C funding round backed by new, existing, and strategic investors, including Glynn Capital, Counterpoint Global (Morgan Stanley), S32, SAIC and others. Having generated almost $30 million in revenue last year and backed by a customer pipeline topping $200 million, Infleqtion will use this investment to scale its atom-based quantum platforms and accelerate deployment of field-ready quantum systems that address today's most demanding real-world challenges. "We are harnessing the power of quantum to solve the world's most urgent and complex challenges," said Matt Kinsella, CEO of Infleqtion. "This funding fuels our next phase of growth, allowing us to scale transformative technologies with strategic partners who share our vision and serve as go-to-market allies, helping to secure nations and power the next generation of intelligent systems." "Quantum technology is fast becoming essential to both economic competitiveness and national security and we believe it will fundamentally reshape the global landscape," said Charlie Friedland, Partner at Glynn Capital. "Infleqtion stands out for its combination of scientific depth and commercial execution. Their atom-based systems are deployable, scalable, and poised to deliver the quantum solutions industries and governments need." Pioneering Quantum Computing and Sensing Infleqtion's technology is built on atoms, the most promising path to scalable quantum advantage, and is currently deployed in government and commercial programs around the world. Sqale, Infleqtion's neutral atom-based quantum computer, is installed at the National Quantum Computing Centre (NQCC) in the United Kingdom and the company was selected by Japan's Science and Technology Agency (JST) as the only foreign quantum computing partner in the Quantum Moonshot program. The company recently demonstrated a materials science breakthrough powered by its Superstaq compiler and Nvidia's CUDA-Q platform, marking a key milestone on its path toward scalable, fault-tolerant quantum computing. The company also unveiled Contextual Machine Learning (CML), a quantum-inspired AI system aimed at solving high-value defense and biotech applications. Infleqtion leads the market in quantum-enabled positioning, navigation, and timing, bringing next generation capabilities critical for national security. Its atomic clocks deliver quantum advantage today, with more than 100x improvements in precision over legacy systems. These systems are already deployed with NASA and the U.S. Department of Defense, and have earned an $11M DoD APFIT contract award for mission-critical innovation. Scaling with Strategic Partners Infleqtion's Series C round includes backing from strategic partners that understand the direct impact bringing quantum technology to real-world mission environments. Through a new go-to-market partnership with SAIC – a leading mission integrator that provides advanced technology solutions to solve and support the mission-critical needs across military, intelligence, and government agencies – Infleqtion is expanding the deployment of quantum sensing technologies, including atomic clocks, quantum RF communication, and inertial sensing, into defense and aerospace applications. Infleqtion has more than three dozen active government and commercial programs in deployment, with expansion planned across North America, the UK, and Australia. "We are excited to partner with Infleqtion to accelerate the delivery of quantum sensing and computing across our full range of national defense and government customers," said Lauren Knausenberger, CINO and Managing Director of Ventures at SAIC. "Infleqtion's visionary advancements in atomic clocks, inertial navigation, and quantum communication directly align with our mission to integrate emerging technologies into active and critical operations to enhance resilience, precision, and ultimately keeping warfighters safe in the most demanding environments." Infleqtion's momentum is backed by a powerful investment community including new supporters and long-standing partners who share deep confidence in our mission. Additional investors include Axial, Breakthrough Victoria, Caruso Ventures, Cyfr Capital, Golden Vision Capital, Global Frontier, In-Q-Tel (IQT), LCP, Maverick, National Security Strategic Investment Fund (NSSIF), Olive Ventures, Overmatch, S Ventures (SentinelOne), and the Wisconsin Alumni Research Foundation. J.P. Morgan acted as a sole placement agent to Infleqtion. About Infleqtion Infleqtion is a world-leading quantum technology company advancing transformative, atom-based solutions that integrate quantum hardware and software to enhance precision and performance across national security, enterprise, and infrastructure markets. Specializing in atomic clocks, quantum RF, quantum computing, and quantum technologies that accelerate breakthroughs in AI, sensing, and secure communications, Infleqtion's systems are already deployed in mission-critical environments around the world. With a track record of delivering real-world impact and deep alignment with strategic partners, Infleqtion is a trusted provider of quantum solutions for national security modernization, resilient infrastructure, and next-generation intelligent systems. View source version on Contacts Matt StubbsVoxus PRmstubbs@
Yahoo
19-05-2025
- Business
- Yahoo
Nvidia (NVDA) Powers Japan's Largest Quantum Research Supercomputer
Nvidia (NVDA, Financials) is helping drive Japans newest push into quantum computing. The companys H100 GPUs now power ABCI-Q, a supercomputer built by Japans National Institute of Advanced Industrial Science and Technology. Warning! GuruFocus has detected 4 Warning Signs with NVDA. The system runs on 2,020 GPUs and uses Nvidias Quantum-2 InfiniBand and CUDA-Q software to enable hybrid computing combining AI with quantum processors from Fujitsu, QuEra, and OptQC. That setup allows researchers to run experiments across different quantum systems in a single environment. Nvidia said the project could speed up work in areas like quantum error correction and software development. AIST called it a stepping-stone toward practical quantum applications. For investors, its another signal of Nvidias growing role in shaping the future of AI and quantum tech and a reminder that the company is betting beyond GPUs. See insider trades for NVDA. Explore Peter Lynch chart. This article first appeared on GuruFocus. 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
Yahoo
16-05-2025
- Business
- Yahoo
Could IonQ Be the Next Palantir?
Quantum computing is quickly emerging as a trendy opportunity in the AI world. IonQ has witnessed its share price rise by more than 270% over just the last year. IonQ's burst onto the scene is reminiscent of another now-hot AI stock: Palantir Technologies. 10 stocks we like better than IonQ › One of the emerging pockets that's piquing interest in the artificial intelligence (AI) realm right now is quantum computing. While the technology is not widely used today, curious investors seem to have bought into the idea that quantum computing represents the next chapter in the AI narrative. Among notable players fueling the quantum computing landscape is IonQ (NYSE: IONQ), which has witnessed a 275% rise in its share price over the last 12 months. I think that IonQ's rapid ascent echoes the rise of Palantir Technologies throughout the AI frenzy. Could investing in IonQ today be like catching Palantir at the onset of the AI revolution? Read on to find out. The chart below illustrates IonQ's revenue growth trends over the last several years. I'll admit that the steeping slope of the revenue line is quite impressive. And considering the company has won over the likes of Nvidia, Microsoft, Amazon, and Alphabet as key customers and partners, IonQ's future looks pretty bright. Over the last 12 months, IonQ has only generated $43 million in sales. So even though the company's growth rate looks enormous, this percentage growth is going off a relatively small figure in the grand scheme of things. Nevertheless, IonQ's market cap currently hovers around $8 billion -- putting the company's price-to-sales (P/S) ratio right around 165. Considering IonQ is still burning cash and not generating meaningful revenue, it's hard to justify such a lofty valuation. One of the chief concerns surrounding an investment in Palantir is also that the company's valuation has become overextended. Given Palantir's P/S multiple is among the highest across leading enterprise software businesses, I understand these concerns. The caveat I would make is twofold. First, Palantir is already proving that its software platforms are an integral component to AI roadmaps across the public and private sectors. This is underscored by the company's consistent ability to command healthy revenue acceleration and positive earnings. Second, I would not apply too much weight to IonQ's relationships with big tech. Nvidia already has its own quantum computing platform, called CUDA-Q. Meanwhile, Microsoft, Alphabet, and Amazon have each built their own quantum chips. Given each of these "Magnificent Seven" members are already dominating the AI space and innovating at a rapid pace to enter new markets such as quantum computing, I'm hard-pressed to see how IonQ will compete in the long run -- especially as long as the company remains unprofitable. At the end of the day, Palantir's future prospects are somewhat predictable given the current trajectory and robust outlook from management suggest that AI-powered software will remain in demand for years to come. For these reasons, some investors can justify Palantir's premium valuation. Given the nascency of quantum computing and the competition IonQ faces, I do not think the same can be said for the company. While following a hot stock can be entertaining and tempting, oftentimes it's also pretty dangerous. Ultimately, I think IonQ has already experienced its "Palantir moment" and I see pressure on the stock as the more likely outcome going forward. I'd pass on investing in IonQ and opt for more established opportunities in the AI sector across megacap tech. Before you buy stock in IonQ, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and IonQ wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $635,275!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,385!* Now, it's worth noting Stock Advisor's total average return is 967% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Adam Spatacco has positions in Alphabet, Amazon, Microsoft, Nvidia, and Palantir Technologies. The Motley Fool has positions in and recommends Alphabet, Amazon, Cloudflare, CrowdStrike, Datadog, Microsoft, MongoDB, Nvidia, Palantir Technologies, Salesforce, ServiceNow, and Snowflake. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Could IonQ Be the Next Palantir? was originally published by The Motley Fool
Yahoo
21-03-2025
- Business
- Yahoo
Nvidia Unveils Boston Quantum Lab to Accelerate AI-Hybrid Computing
Nvidia (NASDAQ:NVDA) plans to launch a new quantum computing research facility in Boston, with operations scheduled to begin later in 2025. The center, named the Nvidia Accelerated Quantum Research Center (NVAQC), will focus on merging advanced quantum hardware with artificial intelligence-powered supercomputers. According to a March 18 announcement, this approach will enable what the company calls accelerated quantum supercomputing. Warning! GuruFocus has detected 3 Warning Signs with NVDA. Nvidia CEO Jensen Huang revealed the initiative during the company's first Quantum Day, held at its annual GTC conference. He noted that research groups from institutions such as Harvard and the Massachusetts Institute of Technology will partner with companies like Quantinuum, Quantum Machines, and QuEra Computing to collaborate within the new facility. The research lab will use CUDA-Q, Nvidia's open-source hybrid computing platform, to help scientists create new quantum-classical algorithms. CUDA-Q is designed to bridge graphics processing units (GPUs) and quantum processing units (QPUs). Huang, who previously said useful quantum computers were more than a decade away, acknowledged a shift in his thinking, expressing surprise at how many public companies are now investing in the technology. Executives from D-Wave Quantum (NYSE:QBTS), IonQ (NYSE:IONQ), and Rigetti Computing (NASDAQ:RGTI) joined Huang at the event, with IonQ's Peter Chapman remarking that classical systems will increasingly work in tandem with quantum machines. This article first appeared on GuruFocus.
Yahoo
21-03-2025
- Business
- Yahoo
NVIDIA to Launch Quantum Computing Research Center in Boston Using AI Supercomputers
NVIDIA (NVDA, Financials) said it is establishing a research center in Boston to advance quantum computing using artificial intelligence supercomputers, aiming to integrate quantum hardware and software with its accelerated computing technologies. Warning! GuruFocus has detected 3 Warning Signs with NVDA. The firm said in a statement that the new NVIDIA Accelerated Quantum Research Center would combine academic institutions and business partners to enable development of hybrid quantum algorithms and handle important issues such quantum error quantum-related simulations and algorithm testing, NVIDIA claims the center will use its GB200 NVL72 rack-scale systemsthe most powerful computing hardware available so far. These technologies will also enable low-latency control algorithms required for quantum error correction and let researchers increase the use of artificial intelligence in quantum the facility, academic partners Harvard University's Quantum Initiative in Science and Engineering and the Massachusetts Institute of Technology's Engineering Quantum Systems group will investigate next-generation quantum quantum and conventional computing technology might hasten developments in quantum error correction and practical applications, according to Harvard professor Mikhail Lukin co-director of the university's quantum project in the NVIDIA center will let researchers combine the company's accelerated computing tools with quantum processing units, or QPUs, to work on device characterization and hybrid software development, according MIT professor William Oliver, director of the university's Center for Quantum center will make use of NVIDIA's CUDA-Q development platform, intended to enable researchers to produce software linking graphics processing units with quantum computers, in order to assist such the quantum hardware partners engaged in the project, the business included Quantinuum, Quantum Machines and QuEra in 2025, NVIDIA said, the research center is likely to start running. The news came at the GTC event hosted by NVIDIA running until March 21. This article first appeared on GuruFocus.
