Paris blew up the quantum computer market with a 100 million investment

Paris, represented on the quantum computer market by the PASQAL startup, ufatimes writes, blew up the information field with a 100 million investment.

Paris, blazing with quantum computing startup PASQAL, attracted experts last Tuesday with an announcement that Pascal has raised $109 million to commercialize a project that outperforms classical computers.

PASQAL management told the press: This investment is from a private individual. The size of investments exceeds the sums of other investors in Europe. Against the backdrop of a collapse in the shares of competitors — New York IONQ.N, Rigetti Computing, D-wave Quantum, which lost investors — the Parisian startup looks stunning. Other companies will probably try to catch up with our investments, while we, in the meantime, will take advantage of the talent released overseas. We plan to double the staff of our developers.

PASQAL, we recall, recently sold a couple of quantum computers — one went to France, the other to Germany. Alain Aspect, one of the founders of the startup, received the 2022 Nobel Prize in Physics. Its bound electrons have become fundamental objects used in quantum computers.

Scientists believe that the time will come when such computers, capable of speeding up calculations millionfold, will become public domain. Today, the developers said, our machine is able to optimize complex financial tasks. They are equal in solution accuracy to ordinary computers.

When a startup produces a next-generation device with a power of 1000 qubits, the world will see the true advantage of technology, and we will reach a turning point in business profitability, management believes.

Others lead — here, here, there.