Quantum Computing Inc. Signs Letter of Intent to Acquire Privately Held Artificial Intelligence Platform millionways
Based in
Over the past year, QCI has built and tested multiple hybrid AI hardware systems using photonics and quantum mechanics to boost machine learning efficiency, reduce the power consumption, and significantly speed up the training. Those systems have demonstrated substantial advantages over existing digital electronic hardware for many AI applications. Upon those successes, the QCI near-term strategy includes (1) offering laptop/desktop-size devices for sale, (2) seeking industry partnerships to explore various applications in different application domains, and (3) partnering with millionways to demonstrate/highlight the Company's commitment to AI and accelerate its entrance into the industry.
Robert Liscouski, QCI's CEO and co-founder commented that, "The strategic integration with QCI's Reservoir Computing systems will "supercharge" millionways' algorithms to ingest audio files, adding a significant new capability to overlay context and tonal information to the existing natural language processing to text conversion data used by the system today. Emotionally-intelligent AI can be continuously fed with voice entries and ultimately live video to recognize patterns and unconscious moods directly within speech and body, thus returning a more accurate and comprehensive personality analysis of a user."
Mr. Liscouski continued, "The rise of AI applications relies on the fast expansion of computing power and lowering its voracious need for electricity. QCI's hybrid hardware solutions meet the evolving needs of AI and delivers remarkable computing speed, low electric power needs with minimal heat dispersion and supports large-scale parallel processing and thereby the agility to compete with large data centers on big data challenges. This particular partnership will enable the development of new personality algorithms that can be trained and adapted much faster, more accurately and at lower cost."
Mr. Liscouski noted, "It is our long term stated mission to democratize quantum technologies and bring this power to AI companies, affording them the ability to compete at levels that heretofore have only been open to large and well-funded companies. Importantly, we recognize that the field of AI is quickly evolving and has come under significant scrutiny. QCI and millionways are aligned to demonstrate that the combination of our technologies will be able to ensure the integrity of the output of AI systems and determine if text, speech or video is fake or real."
According to the terms of the LOI, QCI will provide a series of three bridge loans to millionways starting at
Martin Cordsmeier, CEO of millionways stated, "The market for a low-cost ability to objectively analyze individual personalities en mass is an extremely large and lucrative market. In the quantum space, QCI has established itself as a leader in hardware innovation and commercialization. Like QCI, millionways has already begun commercialization. As of last summer, we have conducted preliminary integration of use cases with over 50 major US companies. Also, like QCI, we have a core technology that can be easily and affordably flexed to solve major business challenges in any industry, which makes the idea of combining our two teams even more attractive. Within the first few days of our launching our testing engagement in April, it became apparent that using QCI's unique hybrid systems of quantum, photonics, and electronics would allow our AI developers the ability to extend our already vast capabilities using the massive increase in processing power with amazingly low electricity costs. Even more impressive, given the predictive and virtually simultaneous processing capability of QCI in all matters of rich media, future applications of our combined technology could be endless."
For additional information on the companies' solutions, please visit: Quantum Computing Inc. (QCI) and millionways.
About millionways
millionways created the world's first emotionally-intelligent A.I. assessment tools, providing next-gen personality insights. Founded in
About Quantum Computing Inc. (QCI)
Quantum Computing Inc. is a full-stack quantum hardware and software company on a mission to accelerate the value of quantum computing for real-world business solutions, delivering the future of quantum computing, today. The company delivers accessible and affordable full-stack solutions with real-world industrial applications, using photonic-based quantum entropy, which can be used anywhere and with little to no training, operates at normal room temperatures and low power. QCI is competitively advantaged delivering its quantum solutions at greater speed, accuracy, and security at less cost QCI's core entropy computing capability, the Dirac series, delivers solutions for both binary and integer-based optimization problems using over 11,000 qubits for binary problems and over 1000 (n=64) qudits for integer-based problems, each of which are the highest number of variables and problem size available in quantum computing today. Using the Company's core quantum methodologies, QCI has also developed specific quantum applications for AI, cybersecurity and remote sensing, including its Reservoir Quantum Computing, reprogrammable and non-repeatable Quantum Random Number Generator and LiDAR products. For more information about QCI, visit www.quantumcomputinginc.com.
About QI Solutions, Inc. (QIS)
QI Solutions, Inc., a wholly owned subsidiary of Quantum Computing Inc., is a supplier of quantum technology solutions and services to the government and defense industries. With a team of qualified and cleared staff, QIS delivers a range of solutions from entropy quantum computing to quantum communications and sensing, backed by expertise in logistics, manufacturing, R&D and training. The company is exclusively focused on delivering tailored solutions for partners in various government departments and agencies.
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