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Quantum stocks up over 50%. What's going on?
Quantum Computing Newsletter 🤖
Maya Bakhai & Bell State
December 08, 2024
In partnership with
Welcome to The Bell State.
Your weekly roundup of the biggest breakthroughs in Quantum Computing.
IonQ Unveils Its First Quantum Computer in Europe
IonQ reveals the first quantum computer built in the United States, marking a major milestone in domestic quantum innovation. (Source)
The new quantum computer, named Forte, is designed and manufactured entirely in the U.S.
Forte features high-fidelity quantum gates and IonQ’s proprietary quantum operating system for enhanced performance.
This development aligns with the U.S. government’s push for leadership in quantum technology under the CHIPS Act.
Takeaway: IonQ’s latest quantum computer underscores the growing competitiveness of the U.S. in quantum hardware development, potentially boosting confidence in the domestic quantum computing market.
Chicago Wants to Build the Silicon Valley of Quantum Computing
Chicago aims to become a global quantum hub with a new 128-acre Illinois Quantum and Microelectronics Park. (WSJ)
PsiQuantum will develop a fault-tolerant quantum computer with one million qubits.
Illinois is investing $500M, with an additional $200M in incentives for PsiQuantum.
Collaboration includes the University of Chicago, Fermilab, and Argonne National Lab.
Takeaway: Chicago’s strategic push could establish it as a leading global quantum hub by 2035.
Microsoft and Atom Computing’s Breakthrough
Microsoft and Atom Computing entangle 24 logical qubits with record fidelity of 99.6%. (El País)
Achieved using neutral atoms, a scalable and efficient approach to qubits.
New system integrates quantum tech with AI and HPC for broad applications.
A commercial quantum computer is expected next year.
Takeaway: This innovation solidifies the path toward commercially viable quantum computing.
Oxford Ionics Introduces Mass-Production Quantum Chip
Oxford Ionics unveils a chip enabling scalable production of practical quantum computers. (BBC)
Oxford Ionics says its chip is the first of its kind that could be mass-produced
Utilizes trapped ions for efficient computation.
Aims to deliver a practical quantum computer in three years.
Designed for mass production to reduce costs and improve access.
Takeaway: Oxford Ionics’ chip could make quantum computing mainstream within a few years.
📚 QUANTUM 101 📚
💼 JOB BOARD 💼
Hybrid Software Engineer- Atom Computing
Open Rank (Assistant Professor, Associate Professor, or Professor) in Quantum Computing and Simulation - University of Miami
Product Marketing Manager (Remote) - IonQ
Principal Software Engineer - JP Morgan
Quantum Scientist - Noblis
Intern for Quantum Benchmarking - SRI International
Hardware Engineer, Microwave Design, Quantum AI - Google
[Recently FILLED]
Sumer 2025 Intern - Quantum Computing Research - AMFam , Quantum Researcher - NSA, Senior Software Engineer, Machine Learning, Quantum - Google, Product Manager - Qrypt, Quantum Science Consultant - Booz Allen, Quantum Computing Software Intern - NVIDIA, Computational Architect - Psi Quantum, Sales Director - IONQ, Director of Strategic Partnerships - IonQ, Content Designer - IBM, Summer 2024 Quantum Research Internship - IBM
💰 QUANTUM STOCK TRACKER 💰
In the past week..
D-Wave (QBTS) up 83%
Rigetti (RGTI) up 45%
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