Mphasis Opens Quantum and AI Innovation Centre in London, Doubling Down on UK Presence
Insider Brief: Mphasis announces the open of its Innovation Centre in London, located in Tower 42, as part of its strategy to expand its presence in the UK and develop advanced technologies such as quantum computing, quantum cryptography, and AI. The London Innovation Hub will allow Mphasis to collaborate with UK startups and universities, including […]
UK Financial Industry Takes Steps to Face Down Deep-Tech Challenges, Opportunities
Insider Brief The UK’s financial sector is preparing for a deep tech shift, focusing on quantum computing and AI to stay competitive globally, according to The International Banker. Quantum computing could soon emerge as a potential future technology for financial institutions, gaining momentum as the United Nations declares 2025 the International Year of Quantum. AI […]
White Paper: UK Quantum Sector Needs Funding Certainty to Maintain Global Leadership
Insider Brief New white paper calls for sustained public investment, international collaboration and responsible regulation to maintain the UK’s leadership in quantum computing. The paper emphasizes the potential of quantum computing to transform sectors like clean energy and drug development, but highlights the need for consistent government funding to complement private investment. International partnerships and […]
Nu Quantum CEO Urges U.K. Government to Maintain Investment in Quantum Technologies
Insider Brief Carmen Palacios-Berraquero, CEO of Nu Quantum, warns in Fortune that cutting funding for quantum technology could jeopardize the U.K.’s leadership in deep tech. She emphasizes that long-term investment is crucial, as quantum computing holds the potential to generate significant economic returns and address global challenges like climate change. Palacios-Berraquero urges the new Labour […]
UK Quantum Community Worried About Labour’s Cuts to Deep Tech Funding
Insider Brief The Labour government’s withdrawal of £1.3 billion in funding for deep tech projects, initially promised by the Conservative government, has raised concerns about the UK’s leadership in quantum computing. Industry leaders warn that the funding cuts could push tech companies to seek investment overseas, potentially weakening the UK’s position in deep tech sectors. […]
Oxford Ionics Opens Up Colorado Office
Insider Brief Oxford Ionics has opened its first international office in Boulder, Colorado, marking a strategic expansion into North America amid growing demand for quantum computing Boulder’s rich quantum ecosystem, including institutions like NIST and the University of Colorado Boulder, positions Oxford Ionics to access top-tier talent and advanced research facilities. The new office will […]
Universal Quantum Develops Method For Error Correction in Long-Distance Quantum Operations
Insider Brief Universal Quantum has developed a method that improves error correction in long-distance quantum operations, taking a step toward making quantum computers more reliable and scalable. The team’s research focuses on using trapped ions to perform two-qubit operations with high fidelity, crucial for complex quantum computations. Their new approach to implementing transversal CNOT gates […]
Infleqtion UK Successfully Completes First Phase of Quantum Navigation Project
Insider Brief Infleqtion UK successfully completed the first phase of its Quantum Enhanced Inertial Navigation Systems (Q-NAV) project, with key stakeholders discussing achievements at the Quantum Navigation Industry Day. The Q-NAV project focuses on developing a Quantum-Enhanced Inertial Navigation System (Q-INS) to address vulnerabilities in Global Navigation Satellite Systems (GNSS), especially in environments where GNSS […]
Riverlane Raises $75 Million in Series C Round to Meet Demand For Quantum Error Correction Technology
Insider Brief Riverlane has raised $75 million in Series C funding to advance its quantum error correction (QEC) technology, aiming for one million error-free quantum operations by 2026. The funding round was led by Planet First Partners with participation from investors like ETF Partners, EDBI and Amadeus Capital Partners, highlighting strong interest in quantum error […]
Over £100 Million Boost to Quantum Hubs to Develop Quantum Tech That Will ‘Impact People’s Lives’
Insider Brief The UK government announced £100 million in funding for five new research hubs. Government officials said the funding will bring researchers and businesses together to develop quantum technologies that will one day impact people’s lives in areas like healthcare, security and clean energy. Science Secretary Peter Kyle made the announcement on a visit […]