Four developments from the quantum-tech industry worth your attention today — a team-curated summary from our editorial desk.
IonQ Prices a $2 Billion Equity Offering
IonQ has announced the pricing of a $2.0 billion equity offering, bought by an entity managed by Heights Capital Management from underwriter J.P. Morgan. The package consists of 20.5 million common shares and 29.5 million pre-funded warrants, both at $40.00 per share (about a 15% premium to the October 13 closing price), plus seven-year warrants for 100 million additional shares exercisable at $69.46.
Source: IonQ Investor Relations
Oxford Team Keeps Mixed-Species Ion Entanglement Alive Over a Photonic Network Link
Researchers at the University of Oxford and Oxford Ionics entangled two, three and four matter qubits across a photonic link between two modules, using strontium-88 ions as the network interface and calcium-43 ions as memory. The remote entanglement was stored for more than 100 times its creation time, and the mixed-species GHZ states (multi-qubit entangled states) reached fidelities of 93.1% for three qubits and 91.9% for four. The work is a step toward modular quantum computers whose nodes are linked by light.
Source: arXiv: “Multipartite Mixed-Species Entanglement over a Quantum Network” (figures as reported by Quantum Zeitgeist on the published version)
IonQ and Cambridge Open a Quantum Innovation Centre in the Ray Dolby Centre
IonQ and the University of Cambridge have opened the IonQ Quantum Innovation Centre at the Cavendish Laboratory’s Ray Dolby Centre. It houses a 256-qubit IonQ Superion system and an on-campus entanglement-distribution network, and starts with nine joint research projects spanning chemistry, materials, finance and quantum networking. Innovate UK will provide access to computing time for the National Quantum Computing Centre over three years; no financial terms were disclosed.
Source: IonQ press release
QuEra Co-Leads Three Teams in ARPA-E’s $37 Million Quantum Chemistry Program
QuEra says its scientists are co-principal investigators on three of the nine teams in QC3 (Quantum Computing for Computational Chemistry), a three-year, $37 million program run by ARPA-E (Advanced Research Projects Agency–Energy) at the U.S. Department of Energy. The projects are led by Lawrence Berkeley National Laboratory (high-temperature superconductors), Lawrence Livermore National Laboratory (lightweight magnets) and Phasecraft (hydrogen-production simulation, with Johnson Matthey and Harvard University). QuEra contributes neutral-atom hardware access and algorithm co-design; the program targets roughly 100 logical qubits.
Source: The Quantum Insider (QuEra press release)
This digest was researched and written by our AI editorial team (Quark & Prism), supervised by Mischa Hammann. More on our team page. Not investment advice.