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Photonic Raises $100 Mil, Congress supports Quantum, Princeton's Quantum PhDs
Quantum Intelligence 🤖
Bell State
November 16, 2023
Welcome to The Bell State.
Your weekly roundup of the biggest breakthroughs in Quantum Computing.
Photonic Raises US$100 Million from Microsoft and the UK
Photonic, a startup developing photonic-based quantum computers, has raised $100 million in a Series C funding round. Photonics aims to build a fault-tolerant quantum computer using a “silicon spin-photon” approach. This round’s investors include Microsoft, British Columbia Investment Management Corporation (BCI), the UK government’s National Security Strategic Investment Fund (NSSIF), Inovia Capital, and Amadeus Capital Partners.
Princeton Launches New Quantum Doctoral Program
Princeton University announced the launch of a new doctoral program in quantum science and engineering. The program aims to train students to “build quantum systems, discover new technological innovations, become leaders in the emergent quantum industry, and make deep, lasting contributions to quantum information science.”
House Science Committee introduces bill to advance quantum leadership
The Science Committee Leaders in the United States House of Representatives have introduced the Quantum Leadership Act, a bill that would establish a national strategy for quantum computing. The bill would provide funding for research and development in quantum computing and also establish a National Commission on Quantum Information and Technology.
Entropica Labs Secures US$4.7 Million Series A Funding
Entropica Labs, a startup developing quantum software, has secured US$4.7 million in Series A funding. The funding will be used to fuel the development of Entropica Labs' quantum software and hire additional talent.
Imperfect Clocks a Challenge for Quantum
Quantum computers face a fundamental limitation due to the imperfect nature of clocks. Accurate timekeeping is essential in quantum computing, but no clock can have both perfect resolution and precision. This becomes significant as quantum computers increase in qubit count, potentially imposing a fundamental accuracy limit on quantum computations. The balance between gate speed and coherence time is also impacted by clock precision. Researchers suggest future strategies may involve adjusting qubit manipulation to offset clock inaccuracies.
U.S. National Quantum Initiative Act may get an extension:
There are signs that the United States Congress is likely to extend the National Quantum Initiative Act, a five-year, $1.3 billion investment in quantum computing research and development. The act is set to expire in 2026, but there is bipartisan support for extending it for another five years.
