OAKLAND, Calif : Paris-based quantum computer startup PASQAL on Tuesday said it had raised 100 million euros ($109 million) and aims to deliver major commercial advantages over classical computers by next year using the fresh funds.The investment is the biggest private funding round for a quantum computer
OAKLAND, Calif : Paris-based quantum computer startup PASQAL on Tuesday said it had raised 100 million euros and aims to deliver major commercial advantages over classical computers by next year using the fresh funds.
"As the other companies will probably struggle to find cash and so forth, maybe it's a good opportunity for us to take the talents that are available," Reymond told Reuters, adding that PASQAL planned to double its headcount to about 200 this year. Scientists expect quantum computers could one day make certain calculations millions of times faster than the fastest super computers today.
"When we release the next generation of devices with hundreds of qubits, hopefully 1,000, showcasing a true quantum advantage with this technology, that will be the inflection point in revenue," he said about when revenue could accelerate.
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