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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 launched QAmplify, a suite of quantum software technologies that enhances the processing power of current quantum computers by up to 20 times. This innovation allows users to tackle real-world business problems effectively. QAmplify can expand problem sets significantly, enabling a quantum computer to process over 600 variables instead of the usual 127, and D-Wave systems to handle more than 4,000 variables instead of 200. QCI has filed patents for this technology, which aims to deliver substantial compute capabilities for existing Quantum Processing Units.
Quantum Computing Inc. (QUBT) announced two upcoming virtual presentations by Rebel Brown, VP of Strategy, focusing on the impact of quantum computing in STEM fields and emergency response. Scheduled for June 7, 2022, the talks aim to highlight the essential role of women in STEM and how quantum technology can enhance government efficiency in relief efforts. The sessions promise to provide insights into quantum optimization and career opportunities within the quantum ecosystem, showcasing the significance of this emerging technology in real-world applications.
Quantum Computing Inc. (QCI) has announced a definitive agreement to acquire QPhoton, enhancing its offerings in accessible quantum computing. This acquisition will integrate QPhoton's quantum photonic systems (QPS) with QCI's Qatalyst software, making quantum solutions easier to deploy for non-experts. QPS operates at room temperature, reducing costs compared to traditional systems. The deal includes issuing approximately 49% of QCI's total capital stock to QPhoton's stockholders and is expected to close in Q3 or Q4 2022, pending shareholder approval.
Quantum Computing Inc (Nasdaq: QUBT) CEO Robert Liscouski will participate in a panel on 'The Cyber Security Evolving Landscape' at the International Telecoms Week 2022. The discussion will occur on May 12, from 10:00 to 10:50 AM EDT at the Gaylord National Resort & Convention Center, National Harbor, MD. The panel will focus on cybersecurity threats and the evolving digital landscape, highlighting the role of private-public partnerships. Liscouski will share insights on how quantum computing can enhance cybersecurity measures against emerging threats.
Quantum Computing Inc. (QCI) will present a talk titled "Your Quantum Future is Now" on May 11th at 12:15 PM PDT. Rebel Brown, the Vice President of Strategy, will discuss the transformative technology of quantum computing and its potential impact on careers, especially for women. The presentation aims to highlight opportunities, challenges, and necessary skills in the quantum computing landscape. The event can be registered for at this link.
Quantum Computing Inc. (QUBT), led by Vice President Rebel Brown, will host a virtual talk titled “A Framework for Organizations to Plan Quantum Computing Adoption” on May 11, 2022, at 1:30 PM PDT. This event aims to equip organizations with the ‘Path 2 Quantum’ framework, offering a strategic four-phased approach to identify valuable quantum computing use cases. The goal is to guide enterprises in adopting quantum solutions efficiently, thus gaining a competitive edge in the market. Register for the event at iqtevent.com/sandiego.
Quantum Computing Inc. (QUBT) announced a partnership with QPhoton to integrate their technologies, targeting the market for quantum solutions by Q4 2022. This collaboration combines QCI’s Qatalyst software with QPhoton's photonic quantum technologies to enhance quantum computing applications. The partnership includes a $2.5 million funding agreement, with QCI having already invested $1.25 million to support QPhoton's innovations. Both companies aim to deliver effective solutions for various industries, leveraging advancements in quantum science.
Quantum Computing Inc. (QCI) (Nasdaq: QUBT) is set to participate in the Quantum Programming Workshop for Purdue Women Engineers & Scientists on February 25, 2022. Attendees will learn to solve quantum optimization problems without needing prior quantum expertise through the company's Qatalyst™ software. The initiative reflects QCI's commitment to democratizing technology and empowering future leaders in quantum computing.
Quantum Computing Inc. (QUBT) announced the launch of its consulting service, QCI Qonsulting, aimed at aiding organizations in adopting quantum computing.
Through its framework, Path2Quantum (P2Q), QCI aims to simplify the exploration of quantum technologies, enhancing strategic planning and minimizing risks. Its first client, Quad M Solutions, will benefit from QCI's quantum-ready solutions for health insurance underwriting.
Investment in quantum tech is expected to surge from $412 million in 2020 to $8.6 billion by 2027, highlighting the need for timely adoption.
Quantum Computing Inc. (QUBT) has announced its first customer for QCI Qonsulting, partnering with Quad M Solutions, Inc. (OTC: MMMM) to enhance underwriting services using quantum solutions. The collaboration aims to optimize health insurance underwriting applications for over 100,000 insured lives by the end of 2022, generating a monthly revenue stream for QCI. This partnership is expected to leverage QCI's Qatalyst™ software, which integrates classical and quantum computing to provide better insights for Quad M's staffing services.
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