BlueQubit: Shaping the Future of Utilizing Powerful Quantum Computers

Quantum computers promise a new era of computing power poised to revolutionize various industries. However, operating a quantum computer remains daunting, often requiring deep expertise in low-level programming, hardware engineering, and even quantum physics. 

The challenge for users of quantum computers is not only to understand and operate these complex machines but also to benchmark their capabilities and estimate what they will be able to do once they become widely available.

BlueQubit is on a mission to democratize access to quantum computing through a user-friendly platform that allows developers and researchers to harness the power of quantum hardware with a single click. Founded by Hrant Gharibyan and Hayk Tepanyan in the spring of 2022, it went through the Creative Destruction Lab startup program.

Learn more about the future of utilizing powerful quantum computers from our interview with the co-founder and CTO, Hayk Tepanyan: 

Future of Computing News

⚛️ BlueQubit is also part of it: QuEra Launches the QuEra Quantum Alliance to Drive Global Deployment of Neutral-Atom Quantum Computers (QuEra)

⚛️ Launched in beta: Introducing Quantinuum Nexus: Our All-in-one Quantum Computing Platform (Quantinuum) 

⚛️ Coming to a Data Center Near You: Getting quantum and classical hardware to coexist takes deft engineering (IEEE Spectrum)

🦾 Exciting news for Dresden: TSMC to start construction of first European chip plant in August (Nikkei Asia)

🦾 Promising non-volatile memory storage, low power consumption, and potential for neuromorphic computing: The Ferroelectric Transistors (Perplexity)

🤖🦾 Google’s TPUs finding broader adoption: Apple says its AI models were trained on Google’s custom chips (CNBC)

🤖 NVIDIA x META: AI and The Next Computing Platforms With Jensen Huang and Mark Zuckerberg (YouTube)

Funding News

⚛️ Bloq Quantum Raises INR 1.3 Crore — $155K US — In Pre Seed-Round Led By Inflection Point Ventures (The Quantum Insider)

⚛️ The deep-tech startup Rotonium gets €1 million to take quantum computers into space (QBN)

🦾 Government scheme helps UK chip start-ups raise £10 million: from new fertility treatments to improving the efficiency of AI (GOV UK)

🦾 Renesas Electronics in Japan has completed the acquisition of Australian design tool developer Altium (EENews Europe)

Deep Dive: Quantum Exits

In 2021, Quantinuum was forged from the quantum hardware team at Honeywell Quantum Solutions (HQS) and the quantum software team at Cambridge Quantum Computing (CQC).

In January this year, it closed a $300 million equity round at a pre-money valuation of $5 billion. And this week, Bloomberg reported that Honeywell is considering an IPO for Quantinuum at $10 billion.

On the one hand, quantum computing is still early, and besides pilot projects for R&D and educational training purposes, no one has found a way to deliver real business value so far.

On the other hand, developing and operating quantum computers is costly, so quantum companies naturally seek a lot of outside funding.

D-Wave, IonQ, and Rigetti Computing – all those quantum computing companies went public in the 2021-2022 IPO window to go public via SPACs. Today, they're trading well below their listing price.

Stock markets aren’t the most patient capital. And for early breakthrough technologies like quantum computing, IPOs seem more of an opportunity to provide liquidity for their existing shareholders.

Good Reads

🌐 The End of the Everything Cloud (Good Tech Things)

“There is, however, a new sheriff in town at AWS. His name is Matt Garman, he came up through AWS’s cutthroat enterprise sales org, and he seems to have this weird idea that AWS’s products should make money.”

🌐 A skeptic's first contact with Kubernetes (Mumbling about computers)

“Over time, I developed a skeptical view of Kubernetes without really having a solid basis for it, other than a vague notion of it being "a new way of doing things" and "unnecessary complexity". I decided it was time to base my opinions on facts rather than perception, so here I am, writing what I learned.”

🤖 GPT-5: Everything You Need to Know (The Algorithmic Bridge)

“This super long article—part review, part exploration—is about GPT-5. But it is about much more. It’s about what we can expect from next-gen AI models.”

🦾 This New CPU Technology will keep Moore’s Law alive! (YouTube)

Check out the Anastasi in Tech YouTube channel for great deep dives into recent semiconductor industry trends – such as this one about the chip cooling technologies of the future.

How did you like this newsletter edition?

Meh 🙊 | Okay 👌 | Superb 🦾

Thank you for being one of the 630 subscribers to this week's edition 🤗

If you like this newsletter, please forward it to a friend or two who can subscribe here