Net Loss Has Jumped over the Previous Quarter, But the Quantum Technology Is Improving
The Futurum Group’s Dr. Bob Sutor looks at quantum computing company Rigetti’s earnings in the first quarter of 2024. The net loss is troubling, but the company is making good technical progress on its small 9-qubit Novera quantum processing unit.
IBM Announces Additional Details About the Quantum Software Development Kit
Dr. Bob Sutor examines IBM’s recent announcement of new features for the Qiskit 1.0 release of the quantum software development kit. AI for quantum takes center stage, including GenAI in the Qiskit Coding Assistant built on Granite.
Compared with Q4 2023, D-Wave had a consistent quarter to start 2024. Its fast-anneal feature is a notable achievement that will benefit existing users, allowing them to run individual computations faster and more of them.
An Announcement of the First Successful Airborne Test of Quantum Technologies Underlying PNT
The Futurum Group’s Dr. Bob Sutor discusses the importance of the recent announcement by Infleqtion, BAE Systems, and QinetiQ regarding the first successful airborne test of quantum technologies underlying PNT.
Revenue Was Slightly Above Guidance and Bookings Were Low
The Futurum Group’s Dr. Bob Sutor examines quantum computing company IonQ’s Q1 2024 earnings report, discusses their relative financial position, and points out the key metric to watch over the next two quarters.
The Futurum Group’s Dr. Bob Sutor examines the Australian government’s investment in PsiQuantum and the Japanese government’s funding of QuEra, both US-based companies.
Quantinuum Announced a Dramatic Improvement in Error Rates that Should Lead to Faster Adoption of Quantum Error-Correcting Codes
The Futurum Group’s Dr. Bob Sutor discusses Quantinuum’s announcement of achieving better than 99.9% 2-qubit gate fidelity and what this means for quantum error correction.
The Futurum Group’s Dr. Bob Sutor uses the news of IBM’s installation of a Quantum System One at Rensselaer Polytechnic Institute (RPI) in New York to discuss why putting a quantum computing system on-premises is becoming a reasonable strategy.
The UXL Foundation Has Been Getting Attention Lately as It Plans to Provide an Open-Source Alternative to NVIDIA’s CUDA GPU Coding Platform
The Futurum Group’s Dr. Bob Sutor discusses the UXL’s plan to create a “multi-architecture multi-vendor software ecosystem for all accelerators,” competing with NVIDIA’s CUDA platform for GPUs. Does it stand a chance of overcoming NVIDIA’s lead?
D-Wave’s Expenses Still Far Outweigh Its Revenue; It Will Need to Add Customers While Demonstrating Its Annealing Approach to Quantum Computing Has Value
The Futurum Group’s Dr. Bob Sutor examines D-Wave’s announcement of its 4Q23 and FY23 earnings, putting its quantum technology and products into an understandable context.
