Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Quantum Computing Inc. unveils new quantum machine

EditorRachael Rajan
Published 29/02/2024, 14:32
© Reuters.
QUBT
-

LEESBURG, Va. - Quantum (NASDAQ:QMCO) Computing Inc. (NASDAQ: QUBT), a company specializing in quantum optics and nanophononics technology, has launched its quantum optimization platform, Dirac-3 Entropy Quantum Computer (EQC). The announcement was made today, with the company highlighting the platform's ability to tackle complex problems involving numerous variables through its nanophotonic design.

The Dirac system operates by encoding problems into its photonic architecture, which interacts with the quantum vacuum. Through optical feedback loops, it modulates variable interactions to find an optimal solution. This system is unique in its use of quantum digits (qdits), with each qdit having 200 discrete modes, a capability not found in current quantum computing devices that typically rely on quantum bits (qubits).

Designed for on-premises installation, the Dirac EQC is rack mountable, operates at ambient temperature, and does not require special infrastructure. It is marketed as an accessible and affordable quantum optimization machine with a price tag of $300,000, which includes installation and warranty. QCi also offers tiered service and technical support options.

The company's recent contract with NASA, which will utilize Dirac for optimizing spectral analysis of LiDAR data from lower earth orbit, showcases the growing market for quantum optimization technologies. In 2023, the federal government awarded 19 contracts for quantum computing technologies and plans to double this number in 2024.

Dr. William McGann, CEO of QCi, expressed the company's commitment to providing entropy quantum computers that will serve various industries, including healthcare, financial services, supply chain, energy management, autonomous vehicles, and molecular modeling.

Quantum Computing Inc. aims to deliver quantum machines that are accessible and affordable, with products designed for operation at room temperature and low power. The company's portfolio includes technology for high-performance computing, artificial intelligence, cybersecurity, and remote sensing applications.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

This announcement is based on a press release statement from Quantum Computing Inc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.