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      <p>
        Quantum software startups Classiq (Israel) and Q-CTRL (Australia) entered into a partnership to develop an end-to-end platform to accelerate quantum algorithm designing and analysis. The terms and financial details of the agreement have not been disclosed.
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        The partnership will combine Classiq's Quantum Algorithm Design platform with Q-CTRL's advanced quantum control techniques, to develop a single platform that will enable developers to create and test algorithms. The integrated platform will not require deep-end quantum expertise, therefore users with non-quantum domain expertise will also be able to use the technology.
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  <p>
    <a href="https://q-ctrl.com/blog/q-ctrl-and-classiq-partner-to-improve-quantum-algorithm-development">
      Company press release
    </a>
  </p>
</div>


Quantum Computing

Classiq and Q-CTRL team up to accelerate quantum algorithm development

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 <p>US quantum computing firm Quantinuum announced a significant achievement with its 20-qubit quantum processor H1-1, becoming the first in the sector to attain a 99.9% two-qubit gate fidelity. This level of accuracy in quantum computations, also known as "three 9's", is considered a milestone in commercial quantum computers. In addition, Quantinuum stated it exceeded a quantum volume (QV) of 1 million - this marks the highest QV achieved to date.</p>
 <p>In March 2024, the company showcased its quantum charge-coupled device (QCCD) architecture. This innovative technology tackled a longstanding challenge in quantum computing related to wiring.</p>
 
</div> <p><b>Analyst QuickTake</b> :<br>
 Achieving 99.9% two-qubit gate fidelity indicates the computer’s greatly advanced error correction capabilities, which can increase the reliability of quantum computations. This progress marks a pivotal moment for the quantum computing industry as it gets closer to the breakeven point of logical qubits outperforming physical qubits, thereby enabling efficient real-life computational solutions.</p>

Quantinuum achieves 99.9% two-qubit gate fidelity; surpasses 1 million QV

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 <p>The quantum computing company, Xanadu, based in Canada has formed a partnership with South Carolina Quantum (SC Quantum), a non-profit state quantum association. The aim is to create quantum educational resources and promote a quantum-centric workforce in South Carolina.</p>
 <p>This partnership will use Xanadu's open-source software framework, PennyLane, for the development of advanced quantum algorithms as it aims to boost quantum education and research within the US. The technology is also expected to offer practical learning experiences for SC Quantum's expanding university network, thus nurturing a culture of research, innovation, and potential entrepreneurial opportunities.</p>
 
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Xanadu and South Carolina Quantum partner to expand quantum education and research

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<p>A collaboration has been established between Quantum hardware company IonQ and Oak Ridge National Laboratory (ORNL) aimed at utilizing quantum computing for betterment of the US power grid. This initiative is funded by the US Department of Energy (DOE) and falls under the GRID-Q project, which is part of the DOE's Grid Modernization Initiative. The funding from the US DOE will be used to utilize both quantum and classical technologies for optimizing and ensuring the security of the US power grid.</p>

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IonQ and Oak Ridge National Laboratory collaborate on DOE power grid project

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   <p>Quantum software startup Classiq, based in Israel, has partnered with Quantum Intelligence Corp (QIC) from South Korea. The aim is to accelerate drug development by employing quantum computing in pharmacology. They plan to integrate Classiq’s quantum computing platform with QIC’s drug development platform called QUEST-ADMET. This combined platform leverages both quantum computing and AI to anticipate the characteristics of drug compounds, thus aiding in the evaluation of safety and efficacy.</p>
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Classiq and Quantum Intelligence Corp partner to accelerate drug development with quantum computing

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 <p>Quantinuum, a US-based quantum computing company, is collaborating with Microsoft to produce highly reliable logical qubits. The partnership combines Microsoft's qubit-virtualization system with Quantinuum's System Model H2 quantum computer, aiming to create four low error logical qubits. This collaboration signifies progress in fault-tolerant quantum computing.</p>
 <p>The improved quantum computing capabilities will be used for complex scientific calculations, such as materials modeling for batteries, and to enhance AI language models. The objective is to develop systems with approximately 1,000 reliable logical qubits, which could significantly impact commercial sectors.</p>
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Quantinuum and Microsoft partner to advance reliable logical qubits in quantum computing

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<p>French quantum computing startup Alice & Bob, in collaboration with researchers from ENS de Lyon and Mines Paris-PSL, have been granted a €16.5 million (USD 17.8 million) funding from Bpifrance. The funding forms part of France’s 2030 scheme which is backed by the French government.</p>
<p>This grant will be utilized in the Cat Factory project, which aims to create a 100-logical-qubit processor. The objective is to design an architecture that is cost-efficient and optimized for fault-tolerant quantum computing. This feat is to be accomplished by 2027 by leveraging Cat qubit technology.</p>
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Alice & Bob raises EUR 16.5 million in grant funding to develop processor

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 <p>Switzerland's Terra Quantum and South Korea's MegazoneCloud, respectively a quantum software company and a cloud services provider, have joined forces to further quantum technologies across Asia. The particulars, including the financial specifics of the agreement, remain undisclosed.</p>
 <p>In the terms of partnership, Terra Quantum's specialized quantum software knowledge and MegazoneCloud's proficiency in cloud services will be leveraged to devise quantum computing algorithms. These algorithms and applicable solutions will be targeted towards domains like finance, manufacturing, meteorological forecast, and smart city projects, particularly in South Korea. The aim is to achieve 85% of the current US quantum technology standards in the Asian region by 2035.</p>
 
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Terra Quantum partners with MegazoneCloud to accelerate quantum technology integration in Asia

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 <p>A collaboration has been formed between French quantum hardware startup Alice &amp; Bob and NVIDIA with the aim of integrating cat qubits into future data centers. The specifics of the agreement and the financial details remain undisclosed.</p>
 <p>The partners will work on integrating Alice &amp; Bob's cat qubits with NVIDIA's DGX Quantum, a system utilized for running hybrid algorithms and quantum error correction, with the goal to advance towards fault-tolerant quantum computing. The effort will also make use of NVIDIA’s CUDA Quantum, which is an open-source platform designed for decoding complicated error correction codes.&nbsp;</p>
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Alice & Bob partners with NVIDIA to integrate cat qubits into computing centers

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 <p>Quantum hardware firm IonQ has formed a strategic alliance with the quantum group, South Carolina Quantum (SC Quantum). The agreement aims to integrate quantum computing capabilities and expert services into SC Quantum partners. However, specific terms and financial particulars remain undisclosed.</p>
 <p>Under this partnership, they will create quantum-focused academic courses that will equip future members with knowledge in quantum computing. Furthermore, the alliance will hasten the adoption and implementation of quantum technologies in various businesses and sectors throughout South Carolina. </p>

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IonQ and South Carolina Quantum partner to advance quantum technologies in South Carolina

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 <p>IQM Quantum Computers, a quantum hardware company based in Finland, has launched IQM Resonance, a cloud-based service designed to assist quantum research. The service adopts a subscription model and provides users access on an hourly basis within an annual or semi-annual plan, offering a secure platform to interface with quantum processing units and advanced quantum systems.</p>
 
 <p>Among its features, IQM Resonance provides a range of exploration opportunities, involving standard Quantum Processing Unit (QPU) topologies with adjustable couplers. The service also allows for the development, testing and benchmarking of quantum algorithms. Additionally, IQM Resonance will be supported by quantum computers situated within IQM's data centers in Finland and Germany.</p>
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