Today’s Brief Commentary:
Most of the links today concern financial news regarding earnings announcements of public quantum computing companies or funding of private companies. IonQ and Rigetti Computing have already announced their Q4 and Fiscal Year 2024 results, and I link to my analysis of each. D-Wave announces this week.
There’s also some news about quantum efforts in Italy and Romania. More and more countries are developing sovereign quantum computing plans and programs, even if they only focus on access to the most powerful systems available.
If you are such a country, your industry can be part of a bigger supply chain, provide system access and education to your citizens/students/educators/researchers, or build your own big system to reach Practical Quantum Advantage.
If you plan to build a powerful enough system, that’s your single goal. You should not fund and support many fragmented efforts, hoping they will magically materialize into a unified working system. To use my Apollo space analog from last year, you need to get to the moon and back, not leave spacecraft parts that don’t work and fit together on the launch pad and in orbit.
I’ve been building a database of all things quantum to serve as the basis for my talks, reports, advising, and consulting. The chart above shows the number of companies founded by year since 2000 producing quantum processing units, that is, devices with clusters of qubits. Some, like IBM and Amazon, are not listed because they are older. Does anything surprise you about the chart?
Don’t forget to check out and bookmark my new sortable list of upcoming quantum technology conferences.
Contents
Earnings Announcements and Financial Dealings
D-Wave Quantum to Report Fourth Quarter and Fiscal Year 2024 Financial Results on March 13, 2025
Date: Thursday, February 27, 2025
Excerpt: D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, today announced it will release its financial results for the fourth quarter and fiscal year 2024 ended December 31, 2024 on Thursday, March 13 before market open. The press release will be available on the D-Wave Investor Relations website: https://ir.dwavesys.com/.
Sutor Group Earnings Brief: IonQ Announces Financial Results for Q4 2024 and FY 2024 – Sutor Group Intelligence and Advisory
Author: Dr. Bob Sutor
Date: Thursday, February 27, 2025
Excerpt: Sutor Group Intelligence and Advisory examines the IonQ financial results for Q4 2024 and FY 2024 and how they relate to AI and quantum technologies.
QuantWare raises €20 million Series A to power the world’s largest quantum computers
Date: Tuesday, March 4, 2025
Commentary: Congratulations, but more hype about reaching 1 million qubits when its own Contralto-A device has 17 qubits.
Excerpt: QuantWare develops VIO, a technology that allows its customers to create the world’s largest quantum processors (QPUs). VIO solves the scaling bottlenecks that limit the size of QPUs today, allowing users to scale any qubit design and unlocking the fastest path towards quantum computers with more than 1 million qubits in a single processor.
Sutor Group Earnings Brief: Rigetti Computing Announces Financial Results for Q4 2024 and FY 2024 – Sutor Group Intelligence and Advisory
Author: Dr. Bob Sutor
Date: Thursday, March 6, 2025
Excerpt: Dr. Bob Sutor examines Rigetti Computing Q4 2024 and FY 2024 earnings announcement, noting where there are results to cheer and others to express concern
Quantum Computing
How real researchers are using Qiskit circuit functions | IBM Quantum Computing Blog
https://www.ibm.com/quantum/blog/circuit-function-users
Authors: Suhare Nur; Sanket Panda; Francisco Martin; SheshaShayee Raghunathan; and Robert Davis
Date: Monday, May 5, 2025
Excerpt: We recently spoke with users of three of our circuit functions—Q-CTRL’s Performance Management function, Algorithmiq’s Tensor-network Error Mitigation (TEM) function, and Qedma’s Quantum Error Suppression and Error Mitigation (QESEM) function—to hear about how they’ve been integrating them into their experiments. These conversations made it clear that there is a large community of researchers in fields like physics and chemistry whose research could benefit enormously from quantum computing experimentation, but who themselves lack extensive expertise in quantum hardware performance management.
Sovereign Initiatives
Italy Launches National Quantum Strategy to Catch Up in Global Race
Author: Matt Swayne
Date: Sunday, March 2, 2025
Excerpt: The government report outlines a plan to build national quantum labs, expand workforce training, and incentivize private sector investment to accelerate commercialization. Despite strong academic expertise, Italy lags behind international competitors in funding and startup activity, with the public consultation process now open for stakeholder input.
IBM & Amazon Open Joint Lab at Innovation Center in Bucharest | Romania Journal
https://www.romaniajournal.ro/business/ibm-amazon-open-joint-lab-at-innovation-center-in-bucharest/
Date: Monday, March 10, 2025
Excerpt: In early 2023, the two major companies launched the Global Innovation Lab in India. Romania will also have the first IBM Quantum Innovation Center in Romania, FreeYa Mind, in Iași. It will train professionals capable of harnessing the potential of quantum technology in many fields, from complex simulations in medical research to cryptography and advanced artificial intelligence algorithms.
Sutor Group Intelligence and Advisory
Dr. Bob Sutor is the CEO and Founder of Sutor Group Intelligence and Advisory. Sutor Group provides broad market insights and deep technical expertise based on over four decades of experience with startups and large corporations. It advises Deep Tech startups, companies, and investors on quantum technologies, AI, enterprise software, and other emerging tech fields.
Sutor Group shares its knowledge and analysis through direct client engagements and seminars, reports, newsletters, books, written and on-air media appearances, and speaking and panel moderation at the top conferences and client events.
Disclosures and Disclaimers
Bob Sutor is a former employee of IBM and Infleqtion and holds equity positions or stock options in each company. He is a Non-Executive Director for Nu Quantum and Advisor to the venture capital firm Forma Prime.
The information contained in reports, newsletters, articles, and the resources available on the Sutor Group Intelligence and Advisory website is not intended as, and shall not be understood or construed as, legal or financial advice. We are not attorneys, accountants, or financial advisors, nor are we holding ourselves out to be. The information is not a substitute for legal or financial advice from a professional who is aware of the facts and circumstances of your individual or organizational situation.
Previous Newsletter Edition
Quantum – Monday, March 3, 2025: Commentary with Notable and Interesting News, Articles, and Papers
