Today, Maryland-based quantum computing company IonQ is going public via a SPAC in a deal that’s expected to raise $650 million. Its $2 billion valuation and big-name investors indicate that quantum computing may be helpful to businesses sooner than expected.
The company’s main product is a 22-qubit quantum computer, to which it sells access through the Amazon AWS, Microsoft Azure, and Google Cloud. Qubits are the far more versatile analogs of the binary bits used in classical computers.
IonQ says its hardware is based on 25 years of research by Chris Monroe and Jungsang Kim, professors at Maryland and Duke universities, respectively. The two licensed their research from the universities and founded a company based on it in 2015, with the stated goal of bringing quantum computing out of the lab and into businesses.
Many in the tech industry hope that quantum computers will deliver the next big leaps forward in…
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Source : fastcompany.com
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