Latest news with #quantumnetworking
Globe and Mail
28-07-2025
- Business
- Globe and Mail
IonQ Appoints Marco Pistoia as Senior Vice President of Industry Relations to Drive Strategic Partnerships, Collaborations, and Quantum Advocacy
IonQ (NYSE: IONQ), the leading commercial quantum computing and networking company, today announced the appointment of Dr. Marco Pistoia as Senior Vice President of Industry Relations. Pistoia is a renowned IBM inventor, quantum computing leader, and former Global Head of Applied Research and Quantum Computing at JPMorganChase, where he achieved the rank of Distinguished Engineer — the highest technology title in the bank. He will play a critical leadership role in driving strategic partnerships, collaborations, and advocacy efforts to advance IonQ's position within the quantum computing and quantum networking sectors. This press release features multimedia. View the full release here: Marco Pistoia, Senior Vice President of Industry Relations at IonQ 'Marco has long been one of the most influential figures in applied quantum computing and quantum networking,' said Niccolo de Masi, CEO of IonQ. 'His leadership in building the most advanced quantum program in the financial sector, and his track record of pioneering work in quantum cryptography, AI, quantum algorithms, and quantum key distribution (QKD) makes him an ideal fit for IonQ's mission. We're thrilled to welcome him as we continue scaling quantum computing and networking solutions for real-world impact.' At JPMorganChase, Pistoia led the financial industry's most advanced quantum program. Under his leadership, the team developed novel quantum algorithms for optimization, Monte Carlo integration, fraud detection, and AI. He led the first experimental certification of quantum-generated randomness, providing end users with enhanced security and privacy. He also pioneered advances in post-quantum cryptography and QKD, setting a world record with an experimental demonstration of an 800 Gbps QKD-secured link over 100 kilometers upon which JPMorganChase deployed its blockchain application for payments. Before JPMorgan, Pistoia spent over two decades at IBM Research, where he was the Senior Manager of Quantum Algorithms and Applications, Distinguished Research Staff Member, and Master Inventor – a recognition IBM bestows on select employees who have contributed significantly to the company's intellectual property portfolio. He holds 647 patents – including 100 in quantum computing, quantum communications, and quantum-inspired AI/ML algorithms. Additionally, Pistoia has written 10 books and authored more than 200 scientific articles – published in leading journals such as Nature and Science Advances. Pistoia received a Ph.D. in Mathematics from New York University and a BS and MS degree in Mathematics from the University of Rome Tor Vergata. 'IonQ is a leading quantum technology company with a unique combination of world-class hardware, ground-breaking innovations, and advanced application performance,' said Pistoia. 'I'm excited to join the team and contribute to a technology roadmap that prioritizes both scale and security in solving mission-critical problems.' Pistoia's appointment reinforces IonQ's focus on real-world quantum applications and strengthens its leadership as the company continues to scale across industries. 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 are intended to identify forward-looking statements. These statements include those related to the IonQ's quantum computing capabilities and plans; IonQ's technology driving commercial quantum advantage in the future; the relevance and utility of quantum algorithms and applications run on IonQ's quantum computers; the necessity, effectiveness, and future impacts of IonQ's offerings available today; and the scalability, fidelity, efficiency, viability, accessibility, effectiveness, importance, reliability, performance, speed, impact, practicality, feasibility, 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 inability to attract and retain key personnel; or IonQ's ability to deliver, and customers' ability to generate, value from IonQ's offerings. 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 most recent periodic financial report (10-Q or 10-K) filed by IonQ with the Securities and Exchange Commission. 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.
Globe and Mail
24-06-2025
- Business
- Globe and Mail
Quantum Networking: Is IonQ Ahead of the Big Tech Titans?
IonQ, Inc. IONQ has long positioned itself as more than a quantum computing company—it is building a full-stack quantum ecosystem. From the outset, the firm architected its systems for scalability through photonic interconnects, enabling distributed quantum computing across multiple quantum processing units. This foundational strategy is now evolving into a broader mission: to pioneer the quantum Internet. What sets IonQ apart from Big Tech peers is its aggressive investment in quantum networking infrastructure. Through strategic acquisitions—including Entangled Networks, Qubitekk, ID Quantique, and most recently, Lightsynq and Capella—the company is assembling all the essential components of quantum communication. Lightsynq brings quantum repeater and memory technologies that remove distance limitations by enabling secure transmission across hundreds of kilometers. Capella strengthens IonQ's ambitions in space-based quantum networking and quantum key distribution (QKD), areas already under exploration by China and the EU. IonQ's commercial progress reinforces its lead. Its partnership with EPB in Chattanooga represents the first real-world deployment of both a quantum computer and network in one ecosystem. Meanwhile, IonQ's quantum networks are operational across sectors, including telecom (SK Telecom, Singtel), energy (EPB), and national defense. While cloud leaders like Microsoft MSFT and Amazon AMZN focus on hosting third-party quantum systems, IonQ is vertically integrating the stack—from hardware and photonic links to QKD protocols and satellite capabilities. Backed by a nearly $700 million war chest, IonQ is not just preparing for the quantum Internet—it is building it. For now, the company stands several steps ahead of its larger rivals in a race they have barely begun. Competitors in Focus: Can MSFT and GOOGL Catch Up? While IonQ is heading quantum networking innovation, major tech giants like Microsoft and Alphabet GOOGL are not far behind in the broader quantum race. Microsoft's Azure Quantum platform focuses on a hybrid cloud-based model that integrates quantum computing with classical workflows. However, Microsoft has yet to reveal a clear strategy for quantum networking infrastructure, relying instead on partnerships and simulation-based models rather than hardware-driven quantum interconnects. Alphabet's Google Quantum AI division is advancing quantum supremacy through its Sycamore processors, but its efforts remain largely confined to single-device computing. Unlike IonQ, Google has not announced plans for quantum repeater development or space-based networking capabilities. Neither MSFT nor GOOGL has demonstrated the same degree of vertical integration across compute and quantum communications as IonQ. While both possess deep resources and talent, their current focus is skewed toward quantum computation, leaving IonQ with a clear lead in the quantum networking frontier. IONQ's Price Performance, Valuation and Estimates IonQ shares have gained 61% in the past three months, outperforming the Zacks Computer - Integrated Systems industry. Image Source: Zacks Investment Research IonQ's forward 12-month price/sales ratio of 99.45, far above the industry average of 3.71. For IONQ, the Zacks Consensus Estimate for 2025 loss per share has narrowed over the past 60 days, as you can see below, depicting analysts' optimism. The estimated figure indicates a much narrower loss than the year-ago reported loss of $1.56 per share. The Zacks Consensus Estimate for 2025 revenues implies year-over-year growth of 97.3%. IONQ stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report IonQ, Inc. (IONQ): Free Stock Analysis Report
Trade Arabia
03-06-2025
- Business
- Trade Arabia
Cisco launches Quantum Entanglement Chip and research lab
Cisco has announced the development of quantum networking technology that lays the foundation for the quantum internet, potentially bringing practical quantum computing forward by decades, accelerating the timeline for real-world quantum computing and networking applications to just 5 - 10 years. As part of this initiative, Cisco has introduced its Quantum Network Entanglement Chip, a research prototype designed to scale quantum networks and interconnect quantum processors for meaningful, practical use. The company also announced the launch of the Cisco Quantum Labs, a dedicated research facility in Santa Monica, California, where Cisco's quantum scientists and engineers are developing next-generation quantum networking technologies. Mohannad Abuissa, Director of Solutions Engineering at Cisco Middle East, Africa, Türkiye, Romania, and CIS, commented: 'Quantum computing holds the promise to solve problems that are beyond the reach of even today's most powerful supercomputers. With our Quantum Network Entanglement Chip and the launch of Cisco Quantum Labs, we are laying the groundwork for scalable, real-world quantum networks. This is not just about preparing for the future, it's about enabling breakthroughs in security, communication, and computing that can begin delivering value today.' The Quantum Network Entanglement Chip Developed in collaboration with UC Santa Barbara, Cisco's Quantum Network Entanglement Chip is a research prototype that generates pairs of entangled photons, enabling instantaneous connection regardless of distance through quantum teleportation. Key differentiators of the chip include: • Works with existing infrastructure: Operates at standard telecom wavelengths and can therefore leverage existing fiber optic infrastructure • Practical deployment: Functions at room temperature as a miniaturized Photonic Integrated Chip (PIC), making it suitable for scalable system deployment today • Energy efficiency: Consumes less than 1mW of power • High performance: 1 million high-fidelity entanglement pairs per output channel, with a rate of up to 200 million entanglement pairs per second in chip Much like classical computing evolved by connecting smaller nodes into distributed data centers, the future of quantum will follow a similar trajectory. Rather than focusing on a single monolithic quantum computer, companies building quantum processors will benefit from Cisco's quantum networking technologies to scale their systems. By building this infrastructure now, Cisco is helping to accelerate the entire quantum ecosystem. From Lab to Reality The Cisco Quantum Labs facility in Santa Monica will serve as a facility where Cisco researchers can experiment with quantum networking solutions that bridge both theoretical concepts and practical implementation. Beyond the entanglement chip, Cisco is using the lab to advance research prototypes of other critical components to meet their vision of the quantum networking stack, including entanglement distribution protocols, a distributed quantum computing compiler, Quantum Network Development Kit (QNDK), and a Quantum Random Number Generator (QRNG) using quantum vacuum noise. In parallel, Cisco is implementing Post-Quantum Cryptography (PQC) NIST standards across their portfolio, ensuring classical networks remain secure in a post-quantum world. Advancing Quantum Networking in Two Strategic Directions Cisco's quantum networking roadmap follows two strategic paths: • Quantum Network for the Quantum World: Cisco is building infrastructure to connect quantum processors at scale, enabling distributed quantum computing, quantum sensing, and optimization algorithms that could transform critical applications such as drug discovery, materials science, and complex logistics problems. Their quantum network entanglement chip is foundational to this vision. • Quantum Network for the Classical World: While practical quantum computing problems might be a few years away, quantum networking principles offer immediate benefits to classical systems through use cases such as eavesdropper-proof secure communication, ultra-precise time synchronization, decision signaling, and secure location verification.
Zawya
27-05-2025
- Business
- Zawya
Cisco launches Quantum Entanglement Chip and research lab to enable scalable quantum networks
Dubai, UAE — Cisco announced the development of quantum networking technology that lays the foundation for the quantum internet, potentially bringing practical quantum computing forward by decades, accelerating the timeline for real-world quantum computing and networking applications to just 5 - 10 years. As part of this initiative, Cisco has introduced its Quantum Network Entanglement Chip, a research prototype designed to scale quantum networks and interconnect quantum processors for meaningful, practical use. The company also announced the launch of the Cisco Quantum Labs, a dedicated research facility in Santa Monica, California, where Cisco's quantum scientists and engineers are developing next-generation quantum networking technologies. Mohannad Abuissa, Director of Solutions Engineering at Cisco Middle East, Africa, Türkiye, Romania, and CIS, commented: 'Quantum computing holds the promise to solve problems that are beyond the reach of even today's most powerful supercomputers. With our Quantum Network Entanglement Chip and the launch of Cisco Quantum Labs, we are laying the groundwork for scalable, real-world quantum networks. This is not just about preparing for the future, it's about enabling breakthroughs in security, communication, and computing that can begin delivering value today.' The Quantum Network Entanglement Chip Developed in collaboration with UC Santa Barbara, Cisco's Quantum Network Entanglement Chip is a research prototype that generates pairs of entangled photons, enabling instantaneous connection regardless of distance through quantum teleportation. Key differentiators of the chip include: Works with existing infrastructure: Operates at standard telecom wavelengths and can therefore leverage existing fiber optic infrastructure Practical deployment: Functions at room temperature as a miniaturized Photonic Integrated Chip (PIC), making it suitable for scalable system deployment today Energy efficiency: Consumes less than 1mW of power High performance: 1 million high-fidelity entanglement pairs per output channel, with a rate of up to 200 million entanglement pairs per second in chip Much like classical computing evolved by connecting smaller nodes into distributed data centers, the future of quantum will follow a similar trajectory. Rather than focusing on a single monolithic quantum computer, companies building quantum processors will benefit from Cisco's quantum networking technologies to scale their systems. By building this infrastructure now, Cisco is helping to accelerate the entire quantum ecosystem. From Lab to Reality The Cisco Quantum Labs facility in Santa Monica will serve as a facility where Cisco researchers can experiment with quantum networking solutions that bridge both theoretical concepts and practical implementation. Beyond the entanglement chip, Cisco is using the lab to advance research prototypes of other critical components to meet their vision of the quantum networking stack, including entanglement distribution protocols, a distributed quantum computing compiler, Quantum Network Development Kit (QNDK), and a Quantum Random Number Generator (QRNG) using quantum vacuum noise. In parallel, Cisco is implementing Post-Quantum Cryptography (PQC) NIST standards across their portfolio, ensuring classical networks remain secure in a post-quantum world. Advancing Quantum Networking in Two Strategic Directions Cisco's quantum networking roadmap follows two strategic paths: Quantum Network for the Quantum World: Cisco is building infrastructure to connect quantum processors at scale, enabling distributed quantum computing, quantum sensing, and optimization algorithms that could transform critical applications such as drug discovery, materials science, and complex logistics problems. Their quantum network entanglement chip is foundational to this vision. Quantum Network for the Classical World: While practical quantum computing problems might be a few years away, quantum networking principles offer immediate benefits to classical systems through use cases such as eavesdropper-proof secure communication, ultra-precise time synchronization, decision signaling, and secure location verification. Cisco's approach is both software and hardware developments. By developing the company's own network hardware components such as the chip alongside the full software stack, Cisco gains unique insights into how these elements work together to build complete quantum networking infrastructure. While some companies focus solely on one type of quantum computing technology (superconducting, ion trap, or neutral atom-based systems), Cisco is building a vendor-agnostic framework that works with any quantum computing technology. This approach mirrors Cisco's historical strength in networking wherein they are building the networking fabric that will enable various quantum technologies to scale.
