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Quantum Computing Inc. (QCi), trading under the symbol QUBT, is an American company specializing in quantum computing and artificial intelligence software development. QCi focuses on creating heterogeneous software that can run on various quantum platforms. The company is headquartered in Leesburg, Virginia, and is known for its innovative approach to delivering quantum products for high-performance computing applications. QCi's products operate at room temperature, use low power, and are cost-effective. The company's portfolio includes a financial portfolio optimizer, which helps financial advisors and investment managers make optimal investment decisions, and cybersecurity applications.
Recently, QCi announced a successful partnership with NASA, where they have been awarded a project to denoise LiDAR spectral information using their proprietary Entropy Quantum Computing (EQC). This project aims to enhance NASA's capabilities to measure the physical properties of clouds and aerosols in lower earth orbit. QCi's Chief Executive Officer, Dr. William McGann, expressed excitement about the project and highlighted the potential of their upcoming launch of the Dirac-3, a high-dimensional Entropy Quantum Machine.
In addition to their work with NASA, QCi recently commercialized their quantum optimization platform, Dirac-3, designed to address complex problems with larger numbers of variables. The Dirac system is the first of its kind to natively solve integer problems using quantum digits (qdits), expanding the use of quantum technology in optimization solutions. This innovative product has garnered interest from various industries, including healthcare, financial services, supply chain, and autonomous vehicles.
Quantum Computing Inc. (NASDAQ: QUBT) has partnered with the Virginia Innovation Partnership Corporation (VIPC) to apply quantum computing solutions for optimizing unmanned aerial vehicle flight trajectories. This initiative aims to enhance risk management by evaluating time, speed, and route while considering airspace constraints and environmental factors. Utilizing QCI's Entropy Quantum Computing systems, the project seeks real-world applications of quantum technology in aviation, aligning with the FAA's focus on advanced air mobility.
Quantum Computing Inc. (QUBT) announced a financing deal providing $7.5 million in net proceeds through a non-convertible, unsecured term loan of $8.25 million, with a 10% annual interest rate, maturing on March 23, 2024. CEO Robert Liscouski emphasized that this funding will support growth initiatives and operational needs. The company plans to expand its technical offerings, commercialize quantum technologies, and deploy solutions for government clients over the next 12 months.
Quantum Computing Inc (QUBT) launched a subscription service for its Dirac 1 Entropy Quantum Computing (EQC) system, enabling enterprises to tackle complex business problems with over 5,000 variables. The system proved its capabilities by solving a large-scale optimization problem for BMW in just six minutes. QCI plans to offer various subscription levels, with competitive pricing and greater availability. This initiative represents a significant step towards making quantum computing technology accessible for real-world applications.
Quantum Computing Inc. (NASDAQ: QUBT) announced its significant advancements in quantum computing with the Dirac-1 Photonic Quantum System, allowing for real-world problem-solving without extensive infrastructure. Following the acquisition of QPhoton, QCI now offers a full-stack quantum solution. The letter to shareholders highlights key achievements, including the launch of QAmplify and the formation of a dedicated Quantum Solutions division. QCI aims for aggressive expansion in sales, technology offerings, and government collaborations through 2022-2023.
Quantum Computing Inc. (NASDAQ: QUBT) announced a significant achievement in quantum computing by solving a complex sensor optimization problem with over 3,800 variables in just over six minutes. This marks the first full-quantum solution to such a scale, outperforming classical and hybrid approaches. The CEO highlighted that the expected timeline for practical quantum solutions is now, contradicting the common belief that it's years away. QCI's use of its Entropy Quantum Computing technology demonstrates real-time capabilities that challenge current quantum computing limitations.
Quantum Computing Inc (QCI) has achieved significant progress by solving a complex optimization problem for BMW’s Vehicle Sensor Placement challenge using its Entropy Quantum Computing (EQC) system. The solution, which involved over 3,800 variables, was delivered in just six minutes, outperforming current quantum systems that handle only approximately 127 variables. This advancement showcases QCI's capability to provide practical quantum solutions for real-world applications, highlighting its potential impact on the autonomous vehicle industry.
Quantum Computing Inc. (QCI) (NASDAQ: QUBT) will mark a significant milestone as CEO Robert Liscouski rings the Nasdaq closing bell on July 20, 2022, at 4:00 PM EDT. This event celebrates QCI's achievements, including the acquisition of quantum photonics firm QPhoton and the agreement to deliver a full-stack quantum photonic solution. Additionally, the launch of QAmplify, enhancing quantum computing processing power by up to 20x, is a key highlight. QCI aims to democratize quantum computing, enabling non-experts to solve real-world problems.
Quantum Computing Inc. (QUBT) has officially joined the Russell Microcap Index following the 2022 annual reconstitution, effective June 27. This inclusion grants QCI access to relevant growth and value style indexes, enhancing visibility within the investment community. CEO Robert Liscouski highlighted this milestone as a reflection of the company's transformation into a full-stack quantum computing entity post-acquisition of QPhoton. Russell indexes, utilized widely by institutional investors, benchmark approximately $12 trillion in assets, further supporting QCI’s growth strategy.
Quantum Computing Inc. (QUBT) has successfully completed its acquisition of QPhoton, enhancing its quantum computing capabilities. This merger enables QCI to offer ready-to-run, affordable full-stack quantum systems, aimed at markets like supply chain optimization and fraud detection. QCI's Qatalyst software will integrate with QPhoton’s technology, democratizing access to quantum solutions for non-experts. As a result, QPhoton becomes a wholly-owned subsidiary, and its CEO, Dr. Yuping Huang, assumes a key role at QCI. This strategic move positions QCI to leverage quantum technology across various industries.
Quantum Computing Inc. (Nasdaq: QUBT) will participate in a panel discussion titled “The Future of Quantum – Powering the Innovation Ecosystem from the Private Sector” on June 21, 2022, from 3:00 pm to 4:00 pm EDT. The event features Robert Liscouski, President and CEO, alongside Jay Gambetta from IBM, moderated by James Andrew Lewis from CSIS. The panel aims to explore the private sector's role in advancing quantum computing technology and its practical applications. Interested attendees can register for the virtual event at this link.
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