The marketed range was $53 to $55. Quantinuum priced at $60. That gap, the willingness of investors to pay above what the bankers asked, is the real news in the Honeywell-backed company’s initial public offering, which raised $1.68bn and set a valuatio…
Most quantum-computing startups ask the world to build them an entirely new industry: exotic materials, bespoke fabrication, supply chains that do not yet exist. Quobly is making a quieter bet. The Grenoble company thinks the path to a useful quantum m…
Microsoft has unveiled Majorana 2, a next-generation topological quantum chip whose qubits are 1,000 times more reliable than those in the first Majorana chip introduced last year. The improvement is so significant that Microsoft has cut its timeline f…
IBM stock surged 10% on Monday after Barclays initiated coverage with an overweight rating and a $350 price target, roughly 11% above the opening price. The jump extends a run that has seen IBM gain nearly 30% in May alone, its best monthly performance…
Quantinuum, the Honeywell-backed quantum computing company, has increased the size of its initial public offering to as much as $1.46 billion after demand from investors far exceeded the original allocation. The company is now offering 26.5 million sha…
The quantum computing industry has spent the last three years measured almost entirely in qubits. Willow’s 105. Nighthawk’s 120. The 540-qubit superconducting platform that integrated nearly 700 control lines into a single cryostat last year. The qubit…
Quantinuum, the quantum-computing company majority-owned by Honeywell, is targeting a valuation of $12.7bn in its US IPO, according to a Reuters report on Tuesday, a level materially below the $20bn-plus figure that circulated earlier in May when the c…
The Paris-based cat-qubit company adds NVentures to a cap table already backed by FFC, AVP and Bpifrance, and deepens its CUDA-Q tie-up with Nvidia. Alice & Bob, the Paris- and Boston-based quantum hardware company building fault-tolerant machines …
Nine CHIPS Act letters of intent, $1bn for IBM, and a government cap table that now includes most of the publicly traded quantum names. The US Department of Commerce has signed nine letters of intent to provide $2.013bn in CHIPS Act funding to quantum …
The race to protect sensitive data from future quantum computers just gained fresh momentum. QIZ Security, a cryptographic posture management startup, has announced a collaboration with Google Cloud designed to help enterprises accelerate their migra…