Latest news with #NationalQuantumInitiative
Business Insider
23-07-2025
- Business
- Business Insider
Quantum Computing News: D-Wave (QBTS) Targets $5M ROI, BofA Sees Breakthrough Potential, JPM Overhauls Research Leadership
As we continue to monitor the weekly developments in quantum computing, the emerging technology continues to edge closer to commercial reality, and the past week brought more evidence to watch. This week's updates highlight rising enterprise interest, federal momentum, and renewed investor optimism in the sector. From D-Wave's survey showing new ROI signals to bipartisan engagement in Washington, the pace continues to accelerate. 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. D-Wave Quantum Inc. Survey Shows Growing Business Appetite D-Wave Quantum Inc. (QBTS) published results from a new study of 400 global business leaders showing 81% believe they've hit the limits of classical computing. 53% plan to integrate quantum optimization within two years, and 46% expect $1 million to $5 million in return on investment (ROI) within 12 months. Manufacturing, logistics, and planning were named as top use cases. While concerns remain over in-house expertise and demonstrating ROI, 85% of respondents said their company risks becoming less competitive without adopting quantum computing. Shares of QBTS rose by more than 10% in the last five days of trading. Bank of America Flags Quantum as 'Transformative,' but No Quantum Coverage for Now In a report on next-gen computing, Bank of America called quantum one of the most transformative technologies of the coming decade, with potential to reshape finance, cybersecurity, healthcare, and logistics. However, the firm has not initiated coverage on any quantum stocks, citing technical fragility and commercialization hurdles. The report noted that quantum computing could complement artificial intelligence to unlock trillions of dollars in untapped data value, especially in fields such as drug discovery and materials science. The bank expects practical milestones between 2030 and 2033. Congress Hears the Quantum Pitch at QED-C Showcase The Quantum Economic Development Consortium (QED-C) hosted its second Capitol Hill showcase, featuring 26 companies, including Alphabet's Google (GOOG), Microsoft (MSFT), D-Wave Quantum Inc., IonQ Inc. (IONQ), and Rigetti Computing Inc. (RGTI), which demonstrated real-world applications. Senior officials from the Department of Energy and National Science Foundation joined members of Congress in supporting expanded investment and reauthorization of the National Quantum Initiative. The event emphasized national security, industrial innovation, and the role of U.S. leadership in quantum technologies. JPMorgan Chase Reshuffles Quantum Research Leadership According to a CNBC report, JPMorgan Chase (JPM) has replaced the head of its Global Technology Applied Research (GTAR) group, which oversees quantum computing and other emerging technologies. Marco Pistoia, who joined the firm in 2020 and was a central figure in its quantum research efforts, has departed. He will be succeeded by Rob Otter, most recently the global head of digital and quantum technology at State Street. Otter previously led JPMorgan's blockchain unit, Onyx, and brings experience from Barclays, Credit Suisse, and Goldman Sachs (GS). The firm's GTAR group has explored quantum applications across secure communications, risk modeling, and optimization. JPMorgan is an investor in Quantinuum and has collaborated with IBM (IBM) and others on research initiatives. The leadership change may reflect a broader strategic refresh as the firm deepens its investments in next-gen computing. TipRanks users following stocks like IonQ, Rigetti Computing, and D-Wave Quantum Inc. may want to monitor policy developments, adoption trends, and enterprise signals, as these companies compete to commercialize their early-stage platforms. Using TipRanks' Comparison Tool, we've brought together some of the most prominent stocks in the quantum space to see how they stack up. It's a quick way for investors to get a clearer view of each company's position, and a better sense of where the industry is headed overall.
Business Wire
21-07-2025
- Business
- Business Wire
IonQ Expands Engineering Leadership Team, Hiring Rick Muller as Vice President of Quantum Systems
COLLEGE PARK, Md.--(BUSINESS WIRE)--IonQ (NYSE: IONQ), the leading commercial quantum computing and networking company, today announced the appointment of Dr. Rick Muller as Vice President of Quantum Systems. Muller, who joins this month, will lead IonQ's quantum computing systems development team. Muller will be an integral member of the team tasked with delivering on the company's intent to build the world's most powerful quantum computers with 2 million qubits by 2030. His deep technical expertise will also strengthen IonQ's role as a trusted partner for commercial and federal quantum applications. Muller brings decades of experience to IonQ, including his recent work at the Intelligence Advanced Research Projects Activity (IARPA), an organization within the Office of the Director of National Intelligence (ODNI) that conducts research to address the most difficult challenges faced by the U.S. intelligence community. Muller has also held senior positions at Sandia National Laboratories and the California Institute of Technology. 'Rick brings an exceptional blend of scientific insight and federal systems engineering experience, precisely the kind of leadership IonQ needs as we scale toward operational quantum advantage,' said Dr. Dean Kassmann, Senior Vice President of Engineering and Technology at IonQ. 'His track record leading transformative R&D efforts will be instrumental as we expand our quantum computing system capabilities and deepen our partnerships across both commercial and government sectors.' As Director of IARPA, Muller was responsible for implementing research programs in quantum computing, artificial intelligence, biometrics, and text analytics for the U.S. intelligence community. Prior to that, he led the Quantum and Advanced Microsystems group at Sandia National Laboratories and directed the Department of Energy's Quantum Systems Accelerator, one of the flagship centers established under the National Quantum Initiative. Earlier in his career, Muller led the drive for advanced computational capabilities for national security as part of the Joint Program Office for the National Strategic Computing Initiative. He holds a Ph.D. in chemistry from the California Institute of Technology and a B.A. from Rice University, also in chemistry. 'IonQ is at the forefront of evolving quantum computing from research concepts into leading commercial applications,' said Muller. 'Joining IonQ gives me the opportunity to help scale technology that can solve meaningful problems across science, security, and industry. I'm excited to contribute to the next generation of systems that will continue to make quantum computing impactful.' Muller's appointment follows a national search led by PSIRCH, IonQ's executive search partner of record. About IonQ IonQ, Inc. [NYSE: IONQ] is the leading commercial quantum computing and networking company, delivering high-performance systems aimed at solving the world's most complex problems. IonQ's current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems that have been helping customers and partners such as Amazon Web Services, AstraZeneca, and NVIDIA achieve 20x performance results. The company is accelerating its technology roadmap and intends to deliver the world's most powerful quantum computers with 2 million qubits by 2030 to accelerate innovation in drug discovery, materials science, financial modeling, logistics, cybersecurity, and defense. IonQ's advancements in quantum networking also positions the company as a leader in building the quantum internet. The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words 'accelerate,' 'accelerating,' 'accessible,' 'advancements,' 'advancing,' 'aimed,' 'building,' 'can,' 'deepen,' 'delivering,' 'evolving,' 'expand,' 'intends,' 'intent,' 'scale,' 'will,' and other similar expressions are intended to identify forward-looking statements. These statements include those related to IonQ's quantum computing capabilities and plans; IonQ's technology driving quantum advantage or delivering scalable, fault-tolerant quantum computing in the future; the future impacts of IonQ's offerings; and the scalability, performance, impact, and commercial-readiness of IonQ's offerings. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: IonQ's ability to implement its technical roadmap; changes in the competitive industries in which IonQ operates, including development of competing technologies; IonQ's ability to deliver, and customers' ability to generate, value from IonQ's offerings; IonQ's inability to attract and retain key personnel; or IonQ's inability to effectively integrate its acquisitions of Qubitekk, Inc., Lightsynq Technologies, Inc., and Capella Space Corporation and close its acquisitions of Oxford Ionics Limited and ID Quantique, SA. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company's filings, including but not limited to those described in the 'Risk Factors' section of IonQ's filings with the U.S. Securities and Exchange Commission, including but not limited to the Company's most recent Annual Report on Form 10-K and reports on Form 10-Q. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations.
Yahoo
03-06-2025
- Business
- Yahoo
Japan Delegation Visits Illinois to Deepen Quantum Innovation Ties
CHICAGO, June 03, 2025--(BUSINESS WIRE)--Building on the momentum of previous delegations to Japan from the State of Illinois led by Governor J.B. Pritzker in October 2024 and the City of Chicago led by Deputy Mayor Kenya K. Merritt in March 2025, a high-level Japanese delegation will visit Illinois June 8-10 to strengthen collaboration in the rapidly advancing field of quantum technology. The delegation, organized by the Japan External Trade Organization (JETRO), and co-organized by the Illinois Department of Commerce and Economic Opportunity (DCEO), Intersect Illinois, World Business Chicago (WBC), Illinois Quantum and Microelectronics Park, includes representatives from leading Japanese quantum and deep-tech companies, as well as many prominent Japanese organizations interested to learn about new innovations in the field of quantum computing. Their visit underscores the growing international recognition of Illinois as a global hub for quantum innovation. This visit also reflects the broader strategic partnership between the United States and Japan. In their February 2025 Joint Leaders' Statement, President Donald J. Trump and Prime Minister Shigeru Ishiba reaffirmed their commitment to a "new golden age" of U.S.–Japan relations, emphasizing cooperation in technology, and economic development. The leaders highlighted the importance of joint innovation in emerging technologies—including quantum computing—as a pillar of their alliance. Illinois, and Chicago in particular, play a vital role in this bilateral relationship. Japan is one of Illinois' top foreign investors, with more than 47,000 Illinoisans employed by Japanese companies. The organizers are working in close partnership to welcome the delegation and facilitate meaningful engagement with local stakeholders. Chicago has emerged as a national leader in quantum research and commercialization, with over $1 billion in federal investment and the establishment of four National Quantum Initiative research centers—more than any other region in the U.S. The city is home to the Chicago Quantum Exchange (CQE), a collaborative network that includes the University of Chicago, Argonne National Laboratory, and other key institutions. These efforts are positioning Chicago as "The Quantum City," a nexus for cutting-edge research, workforce development, and industry partnerships. The delegation's itinerary includes visits and meetings with leading organizations, universities and companies including: Polsky Center Hyde Park Labs Argonne National Laboratory Chicago Quantum Exchange mHUB These engagements aim to foster deeper collaboration between Japanese and Illinois-based quantum stakeholders, explore investment opportunities, and promote knowledge exchange in quantum computing, sensing, and communications. The visit will conclude with the "Quantum Innovation Exchange" – JETRO's Japan Innovation Bridge (J-Bridge) Event – which will feature pitch presentations from Japanese and Chicago-based quantum companies, followed by networking. More information can be found here: This visit marks a significant step forward in strengthening U.S.-Japan cooperation in quantum technologies and highlights Illinois' growing role as a global center for quantum innovation. View source version on Contacts Matt FeagleyJETRO ChicagoEmail: matt_feagley@ Phone: 312-832-6000 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
03-06-2025
- Business
- Yahoo
Japan Delegation Visits Illinois to Deepen Quantum Innovation Ties
CHICAGO, June 03, 2025--(BUSINESS WIRE)--Building on the momentum of previous delegations to Japan from the State of Illinois led by Governor J.B. Pritzker in October 2024 and the City of Chicago led by Deputy Mayor Kenya K. Merritt in March 2025, a high-level Japanese delegation will visit Illinois June 8-10 to strengthen collaboration in the rapidly advancing field of quantum technology. The delegation, organized by the Japan External Trade Organization (JETRO), and co-organized by the Illinois Department of Commerce and Economic Opportunity (DCEO), Intersect Illinois, World Business Chicago (WBC), Illinois Quantum and Microelectronics Park, includes representatives from leading Japanese quantum and deep-tech companies, as well as many prominent Japanese organizations interested to learn about new innovations in the field of quantum computing. Their visit underscores the growing international recognition of Illinois as a global hub for quantum innovation. This visit also reflects the broader strategic partnership between the United States and Japan. In their February 2025 Joint Leaders' Statement, President Donald J. Trump and Prime Minister Shigeru Ishiba reaffirmed their commitment to a "new golden age" of U.S.–Japan relations, emphasizing cooperation in technology, and economic development. The leaders highlighted the importance of joint innovation in emerging technologies—including quantum computing—as a pillar of their alliance. Illinois, and Chicago in particular, play a vital role in this bilateral relationship. Japan is one of Illinois' top foreign investors, with more than 47,000 Illinoisans employed by Japanese companies. The organizers are working in close partnership to welcome the delegation and facilitate meaningful engagement with local stakeholders. Chicago has emerged as a national leader in quantum research and commercialization, with over $1 billion in federal investment and the establishment of four National Quantum Initiative research centers—more than any other region in the U.S. The city is home to the Chicago Quantum Exchange (CQE), a collaborative network that includes the University of Chicago, Argonne National Laboratory, and other key institutions. These efforts are positioning Chicago as "The Quantum City," a nexus for cutting-edge research, workforce development, and industry partnerships. The delegation's itinerary includes visits and meetings with leading organizations, universities and companies including: Polsky Center Hyde Park Labs Argonne National Laboratory Chicago Quantum Exchange mHUB These engagements aim to foster deeper collaboration between Japanese and Illinois-based quantum stakeholders, explore investment opportunities, and promote knowledge exchange in quantum computing, sensing, and communications. The visit will conclude with the "Quantum Innovation Exchange" – JETRO's Japan Innovation Bridge (J-Bridge) Event – which will feature pitch presentations from Japanese and Chicago-based quantum companies, followed by networking. More information can be found here: This visit marks a significant step forward in strengthening U.S.-Japan cooperation in quantum technologies and highlights Illinois' growing role as a global center for quantum innovation. View source version on Contacts Matt FeagleyJETRO ChicagoEmail: matt_feagley@ Phone: 312-832-6000 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
Business Wire
03-06-2025
- Business
- Business Wire
Japan Delegation Visits Illinois to Deepen Quantum Innovation Ties
CHICAGO--(BUSINESS WIRE)--Building on the momentum of previous delegations to Japan from the State of Illinois led by Governor J.B. Pritzker in October 2024 and the City of Chicago led by Deputy Mayor Kenya K. Merritt in March 2025, a high-level Japanese delegation will visit Illinois June 8-10 to strengthen collaboration in the rapidly advancing field of quantum technology. The delegation, organized by the Japan External Trade Organization (JETRO), and co-organized by the Illinois Department of Commerce and Economic Opportunity (DCEO), Intersect Illinois, World Business Chicago (WBC), Illinois Quantum and Microelectronics Park, includes representatives from leading Japanese quantum and deep-tech companies, as well as many prominent Japanese organizations interested to learn about new innovations in the field of quantum computing. Their visit underscores the growing international recognition of Illinois as a global hub for quantum innovation. This visit also reflects the broader strategic partnership between the United States and Japan. In their February 2025 Joint Leaders' Statement, President Donald J. Trump and Prime Minister Shigeru Ishiba reaffirmed their commitment to a 'new golden age' of U.S.–Japan relations, emphasizing cooperation in technology, and economic development. The leaders highlighted the importance of joint innovation in emerging technologies—including quantum computing—as a pillar of their alliance. Illinois, and Chicago in particular, play a vital role in this bilateral relationship. Japan is one of Illinois' top foreign investors, with more than 47,000 Illinoisans employed by Japanese companies. The organizers are working in close partnership to welcome the delegation and facilitate meaningful engagement with local stakeholders. Chicago has emerged as a national leader in quantum research and commercialization, with over $1 billion in federal investment and the establishment of four National Quantum Initiative research centers—more than any other region in the U.S. The city is home to the Chicago Quantum Exchange (CQE), a collaborative network that includes the University of Chicago, Argonne National Laboratory, and other key institutions. These efforts are positioning Chicago as 'The Quantum City,' a nexus for cutting-edge research, workforce development, and industry partnerships. The delegation's itinerary includes visits and meetings with leading organizations, universities and companies including: Polsky Center Hyde Park Labs Argonne National Laboratory Chicago Quantum Exchange mHUB These engagements aim to foster deeper collaboration between Japanese and Illinois-based quantum stakeholders, explore investment opportunities, and promote knowledge exchange in quantum computing, sensing, and communications. The visit will conclude with the 'Quantum Innovation Exchange' – JETRO's Japan Innovation Bridge (J-Bridge) Event – which will feature pitch presentations from Japanese and Chicago-based quantum companies, followed by networking. More information can be found here: This visit marks a significant step forward in strengthening U.S.-Japan cooperation in quantum technologies and highlights Illinois' growing role as a global center for quantum innovation.
