TQI QuickBits: Top Story on Topological Qubits. India's Quantum Ecosystem... And More News in Quantum

TQI QuickBits: Top Story on Topological Qubits. India's Quantum Ecosystem... And More News in Quantum

This week, there was exciting news: Quantinuum and their collaborators achieved the first-ever topological qubit.

This is significant both scientifically and -- likely -- commercially.

As we have seen over the years, quantum researchers are making faster progress in overcoming the challenges facing the field, particularly error correction. I can't stress this enough: there is still a lot of work to do and many ways that progress could be stymied. But keep your eyes on 2025. There's a good chance that quantum's next steps will become clearer.

A quick note to Americans celebrating Thanksgiving: Have a great, long holiday weekend.

To our other readers trying to reach Americans via email: We'll just blame any delays on tryptophan and football.

Have a great weekend!

Quantum Events

Dec. 10-12 -- Q2B Silicon Valley, The Road to Quantum Value at the Santa Clara Convention Center.

Dec. 11 -- The Future of Computing Conference 2024. Join 250+ Startup Founders, Deep Tech Investors, and Computing Experts for this conference held at the Munich Urban Colab.

Dec. 12-13 -- Quantum Rising: National Quantum Literacy Network 3.0 will be held in Atlanta, Georgia. Quantum AI shaping the next generation quantum literate workforce.

Dec. 13 -- Submissions are open for Uplink “Quantum for Society”-- with winners announced on World Quantum Day 2025 on April 14, 2025 in Riyadh, Saudi Arabia.

Jan. 13-15, 2025 -- Quantum.Tech Qatar taking place 14 & 15 January 2025 (with a Cryptography and AI focus day on January 13).

Feb. 25-27, 2025 -- The Quantum Innovation Summit returns for its second edition from February 25-27 at The H Hotel, with additional virtual participation via the QIS Event APP.

April 2-4 -- NQCC’s Scalability in Quantum Computing Conference that we are running rom 2nd-4th April 2025 in Oxford, UK. Early bird registration closes on 30th November 2024.

May 20-22, 2025 – Join us for the 3rd annual IQT Nordics, May 20-22, 2025 in Gothenburg, Sweden, and contribute to scaling quantum computers towards real world applications.


Do You Need Quantum on a Daily Basis?

Want more important information on quantum? Don't forget to subscribe to TQI's official weekly newsletter for a complete wrap up of all the news in quantum. You can also subscribe to The Daily Qubit for freshly brewed quantum tech research and news delivered daily to your inbox.


Quantum Quotes

The Department of Energy Quantum Leadership Act of 2024 cleared a Senate committee this week. The bipartisan bill aims to keep the U.S. competitive in a field with implications ranging from cybersecurity to economic growth.

“This is timely. It’s important. It’s before this Committee. I urge you to enact it as quickly as possible. Let’s get it passed.” -- Senator Dick Durbin (D-Ill.)

Entropica Labs , a quantum computing software company specializing in fault-tolerant quantum error correction, has appointed Dr. Chad Rigetti, founder and former CEO of Rigetti Computing, to its Board of Directors.

“I’m excited to join the Board of Directors at Entropica. Quantum error correction is one of the most crucial technologies in unlocking the potential of quantum computing. Entropica is pioneering this domain with expertise and capabilities to deliver category-defining products. I’m excited to support and contribute to this transformative work.” -- Chad Rigetti

QuickBits Spotlight:

Rigetti Computing Generates $100M to Drive Superconducting Quantum Computing Innovation and Scale


Rigetti Computing , a pioneer in full-stack quantum-classical computing, today announced that it has successfully completed sales of $100 million gross proceeds of its common stock pursuant to its previously disclosed “at-the-market” equity offering program (the “ATM Program”) since the commencement of the ATM Program in March 2024. The Company intends to use the funds generated by the ATM Program for working capital, capital expenditures and other general corporate purposes, including continuing to focus on its strategy as a leader in superconducting quantum computing and continuing to work to improve its 2-qubit gate fidelity and scale towards higher qubit count systems.

Key Points

  • Rigetti has raised $100 million in gross proceeds through its “at-the-market” equity offering program (ATM Program) initiated in March 2024. This funding will support the company’s operational and strategic goals.
  • "At-the-market" (ATM) refers to a type of equity offering where a company sells shares directly into the open market at prevailing market prices. Instead of issuing all the shares at once at a fixed price, the company gradually sells shares over time through brokers. This approach allows the company to take advantage of favorable market conditions and raise capital incrementally.
  • The funds will be allocated for working capital, capital expenditures and general corporate purposes, emphasizing the company’s commitment to enhancing 2-qubit gate fidelity and scaling towards systems with higher qubit counts.
  • Dr. Subodh Kulkarni, Rigetti’s CEO, highlights growing demand from national laboratories and academic institutions for on-premises quantum computers for hands-on R&D. This signals a strategic push to meet institutional needs as quantum computing evolves.
  • Rigetti's superconducting quantum computing systems achieve gate speeds of 60-80 nanoseconds, significantly faster than competing modalities like ion traps and neutral atoms, reinforcing its technological leadership in the space.
  • The company projects that its current cash reserves are sufficient to sustain operations through 2026. Rigetti plans to reassess funding needs continuously, balancing its leadership ambitions with financial prudence

Read More


Insider Look: Making Contact


Each corporate website is different. And often corporate websites are not, let's just say, intuitive. That makes finding the right contact for your query extremely difficult. Now The Quantum Insider Intelligence Platform -- and all platforms across Resonance -- give you access to relevant contacts of stakeholders through our integration with Apollo.

All are filterable by position type and location.

Find out more at The Quantum Insider Intelligence Platform


QuickBits Business -- This Week's Top Five Quantum Business Stories

Taiwan Semiconductor Research Institute Purchases 5-Qubit IQM Spark


The Taiwan Semiconductor Research Institute (TSRI) under the National Applied Research Laboratories today announces the procurement of its first full-stack quantum computer from IQM Quantum Computers (IQM), a global leader in designing, building, and selling superconducting quantum computers. The delivery and installation of the system at TSRI’s premises will take place in the second quarter of 2025.

Read More


France Bids €625 Million for Atos’s Computing Unit, Including Quantum Tech

France is moving to secure control of Atos SE’s advanced computing assets with an offer of up to €625 million ($653 million), according to reports in multiple financial outlets. The move reflects the nation’s interest in safeguarding its technological independence, the financial experts suggest. The Advanced Computing business that the French state would take control of is now defined as its High-Performance Computing (HPC) & Quantum operations, as well as the Business Computing & Artificial intelligence divisions, the A Register is reporting.

Read More


Sony Ventures Looks to Quantum and Renewable Energy for Scalable Deep Tech Investments

索尼 Ventures is leveraging its semiconductor expertise to invest in scalable, deep tech sectors like quantum computing and renewable energy, aiming to bridge technological gaps and drive advancements in critical infrastructure areas worldwide.

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Report Reveals Growing Interest, Investments in Quantum Security Market

The Quantum Insider has released a report detailing the growing quantum security market, emphasizing four core segments—Post-Quantum Cryptography (PQC), Quantum Key Distribution (QKD), Quantum Internet, and Quantum Random Number Generators (QRNGs)—as vital responses to potential cybersecurity risks posed by future quantum computing advances.

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India’s Quantum Computing Advancements in 2024: Ecosystem Growth and Key Initiatives

India is actively building a quantum ecosystem powered by government support, academic research, and private-sector collaboration. This ecosystem encourages strategic alliances between government, industry, and academia, supporting advancements in fields ranging from quantum communication and cryptography to sensing and materials science.

Read More


Don't forget to subscribe to TQI's official weekly newsletter and the The Daily Qubit for a complete wrap up of all the business news in quantum.


QuickBits Research -- This Week's Top Five Quantum Research Stories

Research Team Achieves First-Ever Topological Qubit, A Step Along The Path Toward Fault-Tolerant Quantum Computing


Topological quantum computing is widely regarded as one of the most promising approaches to overcoming the fragility and error-prone nature of quantum systems. By encoding information into the spatial and braiding properties of exotic quasiparticles, this method offers intrinsic protection against certain types of errors, potentially reducing the overhead for error correction.

Read More


Strategic Error Correction Using QEC Primitives Reduces Overhead While Maintaining Reliability

Quantum systems are inherently delicate, with qubits susceptible to errors caused by environmental noise, imperfect control operations, and less-than-ideal hardware conditions. To add insult to injury, these errors can accumulate over time and effectively threaten the reliability of quantum computations. Quantum error correction is often presented as one prominent key to unlocking the full potential of quantum computing. Yet, its implementation on current quantum processors is hindered by substantial overhead requirements, with estimates reaching up to 1000 physical qubits per logical qubit.

Read More


Senate Advances Bill to Boost Quantum Computing Research

Congress is poised to deepen its investment in quantum computing as the Department of Energy Quantum Leadership Act of 2024 clears a Senate committee, according to?NextGov. The bipartisan bill aims to keep the U.S. competitive in a field with implications ranging from cybersecurity to economic growth.

Read More


Quantum Solutions for Clean Waters: Enlisting QML to Predict Environmental Health

Off the coast of Durban, South Africa, invisible forces shape the quality of water. Chemical compounds, sediment flows, and human activity all influence the water’s suitability for recreation, tourism, and daily life. Yet these complex, interwoven variables are not always easily discernible, making water quality prediction a challenge. In a recent publication on arXiv on applied quantum machine learning, researchers from Zayed University and others shed light on this vital issue through a demonstration of quantum for predictive environmental science.

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Why is it so Hard For Quantum Computers to Just Sit There And Do Nothing? Researchers Work to Find Out

When quantum computers aren’t actively calculating, they’re still at risk of losing information, a challenge that scientists at Trinity College Dublin have quantified in a four-month study on IBM’s Falcon quantum processors. Their findings, published in npj Quantum Information, shed light on a fundamental dilemma in quantum engineering: balancing the need to protect qubits during idle periods while enabling them to interact efficiently during calculations.

Read more


This is just the start of research news The Quantum Insider is covering. Visit our site for more quantum research news... And subscribe to TQI's official weekly newsletter for a wrap up of all the news in quantum! ?Subscribe to The Daily Qubit for daily quantum tech research and news delivered daily to your inbox.


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