Mentioned:
Oracle wants in on quantum computing. And they’re partnering up with Quantinuum to do it.
What’s happening:
- Oracle (NYSE: ORCL) and Quantinuum (NASDAQ: QNT) have formed a new partnership focused on deploying Quantinuum’s Helios quantum computer directly at one of Oracle’s data centres in the United States
Why it matters:
- This is the first time ever that Oracle will purchase quantum computing hardware to deploy in their own data centre
Going deeper:
- Oracle and Quantinuum have both publicly stated they plan to collaborate on hybrid workflows that combine quantum computing, artificial intelligence and high performance computing in order to attempt to solve computationally intensive problems
- Quantinuum’s Helios quantum computer uses a quantum charge-coupled device architecture to deliver high-fidelity, highly connected systems and a full-stack software platform that has applications for materials science, cybersecurity and quantum chemistry
The intrigue:
- Quantinuum just recently made major waves when they raised $1.6B USD In their IPO financing round at $60.00 USD per share after being spun out of Honeywell (NASDAQ: HON)
