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IonQ, Inc. (symbol: IONQ) is at the forefront of quantum computing technology, developing world-leading general-purpose quantum information processors. The company’s unique trapped-ion approach combines unmatched physical performance, perfect qubit replication, optical networkability, and highly optimized algorithms. This results in a scalable, powerful quantum computer that supports a wide array of applications across various industries.
IonQ offers access to several quantum computers with varying qubit capacities, both through cloud platforms and its own dedicated cloud service. This cloud-based model enables broad availability of Quantum-Computing-as-a-Service (QCaaS), allowing businesses and researchers to leverage quantum computing without owning expensive hardware.
The company generates revenue through QCaaS arrangements, consulting services for co-developing algorithms on their quantum systems, and contracts related to the design, development, and construction of specialized quantum computing systems.
Among its recent achievements, IonQ has made significant strides in advancing its quantum computing capabilities and expanding its partnerships. The company is continuously researching and developing technologies for quantum computers with increasing computational power, ensuring they remain at the cutting edge of this transformative technology.
If you are interested in joining IonQ on this groundbreaking journey, you can find more information here.
IonQ has successfully demonstrated an end-to-end application workflow combining NVIDIA CUDA-Q platform with IonQ Forte quantum hardware. The demonstration, presented at SC24, showcases hybrid quantum-classical approaches for calculating molecular electronic structure properties, with potential applications in pharmaceutical research. The integration leverages IonQ Forte, IonQ Hybrid Services suite, CUDA-Q, and NVIDIA A100 Tensor Core GPUs, enabling deployment in both cloud and on-premises environments. This achievement builds on IonQ's support of NVIDIA CUDA-Q since 2023, highlighting their commitment to developing quantum-accelerated applications for commercial scale deployment.
IonQ announced its participation in SuperCompute 24 (SC24), showcasing new innovations in hybrid quantum-classical computing. The company will preview its IonQ Hybrid Services suite, which integrates quantum hardware with classical computing solutions. The suite includes cloud-based services for hybrid workflow management, hybrid solvers, and tools for quadratic optimization and graph partitioning. It supports various programming models including NVIDIA CUDA-Q, Qiskit, Cirq, and Q#. The new Hybrid Sessions feature utilizes Fair Share Scheduling for efficient workload management. At SC24, IonQ will demonstrate these capabilities with partners including Ansys, AWS, Dell, Google and NVIDIA.
IonQ (NYSE: IONQ), a leader in quantum computing, announced the issuance of five new U.S. patents aimed at enhancing quantum computing performance and scalability. These patents cover innovations such as quantum circuit optimization, improved gate operations, reduced noise, and error mitigation techniques. Notably, US Patent No. 12,088,351 introduces a novel architecture using multiple lasers for better control of long-chain ions. The company is also set to acquire Qubitekk’s 118 patents, bringing its total to over 600 U.S. and international patents. This robust IP portfolio underscores IonQ's leadership in the industry. The new patents are expected to drive better performance, efficiency, and scalability in quantum systems, supporting IonQ's strategic goals in commercial quantum advantage.
IonQ announced a collaboration with imec to develop photonic integrated circuits (PICs) and chip-scale ion trap technology for quantum computing. The partnership aims to reduce hardware size and cost while increasing qubit count and system performance by moving from bulk optics to integrated photonic devices. The collaboration, ongoing since 2021, focuses on developing advanced trap fabrication processes and is expected to drive down cost-per-qubit and accelerate market entry for new quantum computers. This announcement follows IonQ's recent opening of a quantum computing manufacturing facility in Bothell, Washington, and its partnership with NKT Photonics for optical subsystems.
IonQ has announced a strategic partnership with NKT Photonics to develop next-generation laser systems for quantum computers. NKT Photonics will deliver three prototype optical subsystems to IonQ in 2025, specifically designed for data center-ready quantum computers like IonQ Tempo and future barium-based systems. The laser systems will be modular, reliable, and rack-mountable, offering advantages in performance, cost, lead time, and SWAP (size, weight and power). This partnership aligns with IonQ's goal of delivering enterprise-grade quantum computers for data center environments.
IonQ (NYSE: IONQ) and Ansys (Nasdaq: ANSS) have announced a strategic partnership to integrate quantum computing into the $10B computer-aided engineering (CAE) industry. The collaboration aims to accelerate simulation processes, expand design exploration, and reduce product development timelines. Ansys will gain access to quantum infrastructure for testing, while IonQ will utilize Ansys' multiphysics technology to design next-generation quantum computers. The partnership focuses on making quantum simulation accessible to both expert and non-expert users, potentially revolutionizing the CAE market through enhanced computational capabilities.
IonQ announced its third-quarter 2024 financial results, reporting revenue of $12.4 million, a 102% year-over-year growth. The company secured $63.5 million in bookings, including a significant $54.5 million contract with the United States Air Force Research Lab. IonQ raised its full-year revenue guidance to between $38.5 million and $42.5 million. Additionally, IonQ entered into several strategic partnerships, including a $9 million deal with the University of Maryland and agreements with AstraZeneca and Ansys. The company also announced the acquisition of Qubitekk to enhance its quantum networking capabilities. Despite these achievements, IonQ reported a net loss of $52.5 million and an Adjusted EBITDA loss of $23.7 million for the quarter.
IonQ (NYSE: IONQ) has announced a definitive agreement to acquire Qubitekk, a leading quantum networking company. The acquisition includes Qubitekk's team, technology, products, and 118 U.S. and international patents. This strategic move follows IonQ's recent $54.5 million contract with the U.S. Air Force Research Lab and aims to strengthen IonQ's position in quantum networking.
The deal, expected to close within six months, will bring Qubitekk's expertise in quantum networks, including their achievement in deploying the nation's first commercially available quantum network in Chattanooga. IonQ expects this acquisition to contribute to near-term bookings and revenue opportunities, potentially becoming the first division to achieve positive cash flow.
IonQ, a leader in quantum computing, announced that Dr. Masako Yamada, Director of Applications Development, will speak at the inaugural Quantum + AI Summit in New York City, October 29-30, 2024. Dr. Yamada will participate in a panel titled 'Emerging Markets for Quantum Machine Learning', discussing quantum machine learning developments and their potential to transform various industries.
The summit comes at a time when the convergence of quantum computing and AI is opening new opportunities globally. IonQ has recently collaborated with Oak Ridge National Laboratory on quantum optimization algorithms for energy transport, and with DESY to explore quantum computing benefits for airport operations.
IonQ's participation follows recent announcements, including a $54.5 million contract with the United States Air Force Research Lab to develop technology for scaling, networking, and deploying quantum systems.
IonQ (NYSE: IONQ), a leader in quantum computing, has announced it will release its financial results for the quarter ended September 30, 2024, on Wednesday, November 6, 2024, after market close. The company will host a conference call at 4:30 PM Eastern time on the same day to discuss results and business outlook.
Investors can access the call via telephone at 877-407-4018 (domestic) or 201-689-8471 (international). A live webcast will be available on IonQ's website. A telephone replay will be accessible until November 20, 2024, using access code 13748910. An archive of the webcast will remain available for one year after the call.
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