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Quantum Race Heats Up: Amazon’s Big Move, Horizon Goes Public, and the Battle for Computing Dominance

Quantum Computing Newsletter 🤖

Author

Bell State
March 02, 2025

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Welcome to The Bell State.

Your weekly roundup of the biggest breakthroughs in Quantum Computing
.

💰 QUANTUM STOCK TRACKER 💰

Amazon introduces new quantum chip

AWS introduces Ocelot as quantum race heats up. (Source)

  • Prototype Unveiling: Amazon Web Services (AWS) has announced its first quantum computing chip, named ‘Ocelot’, marking a significant step in the company’s quantum computing efforts. 

  • Error Reduction: The ‘Ocelot’ chip aims to reduce quantum computing errors by up to 90%, addressing one of the major challenges in developing practical quantum computers. 

  • Competitive Landscape: This development positions Amazon alongside other tech giants like Microsoft and Google, who are also making strides in quantum computing technologies.

Takeaway: Last week it was Microsoft, this week it’s Amazon as the battle for quantum continues to heat up. Amazon’s introduction of the ‘Ocelot’ chip signifies a noteworthy advancement in quantum computing, potentially accelerating the timeline for developing commercially viable quantum computers

IonQ grows revenue 95%

IonQ Reports Significant Revenue Growth Amidst Rising Losses (Source)

  • Revenue Surge: IonQ reported a 95% increase in revenue for 2024, reaching $43.1 million, indicating strong growth in the quantum computing sector. 

  • Increased Net Loss: The company faced a net loss of $220 million for the quarter, a substantial rise from the previous year’s $41.9 million loss, highlighting ongoing financial challenges. 

  • Market Impact: Following the earnings report, IonQ’s stock dropped by 11%, affecting other quantum computing companies like Rigetti Computing and D-Wave Quantum. 

Takeaway: While IonQ’s revenue growth showcases the expanding interest and investment in quantum computing, the significant losses underscore the challenges companies face in achieving profitability within this emerging industry.

Horizon Quantum Going Public

Another quantum computing joining the public markets. (source)

  • SPAC Merger: Horizon Quantum Computing has announced plans to go public through a merger with dMY Squared Technology Group, valuing the company at approximately $500 million. 

  • Software Focus: Unlike many competitors, Horizon specializes in software infrastructure for quantum computing, aiming to develop the first true quantum-computer operating system.

  • Industry Partnerships: The company has established partnerships with hardware manufacturers like Rigetti Computing to complement its software solutions.

Takeaway: Horizon Quantum Computing’s unique focus on software infrastructure positions it as a key player in the quantum computing industry, with its public listing potentially accelerating its development and adoption.

📚 QUANTUM 101 📚

MIT Quantum Computing Course (Free Lecture Notes)

math.mit.edu/~shor/435-LN

💼 JOB BOARD 💼

Vertical Sales Lead, AI - D Wave

Quantum Sales Executive - IBM

Director of Product Marketing - Quantinuum

Research Scientist - MIT Lincoln Lab

Open Rank (Assistant Professor, Associate Professor, or Professor) in Quantum Computing and Simulation - University of Miami

Senior Manager, Environment and Power - IonQ

Semiconductor Quantum Computing Expert - Johns Hopkins

Hardware Engineer, Microwave Design, Quantum AI - Google

[Recently FILLED]

Senior Engineer Device Validation - IonQ, Product Marketing Manager (Remote) - IonQ, Hybrid Software Engineer- Atom Computing, Quantum Management Engineer - Google, Quantum Scientist - Noblis, Summer 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, Principal Software Engineer - JP Morgan

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