IonQ Achieves Critical First Step Towards Developing Future Quantum Networks (2024)

College Park, MD — February 22, 2024

  • IonQ’s Research & Development team achieves first known commercial demonstration of ion-photon entanglement, a key technical milestone for networking quantum computers

COLLEGE PARK, MD - February 22, 2024 - IonQ (NYSE: IONQ), a leader in the quantum computing industry, today announced it has generated photons entangled with ions repeatedly and reproducibly, creating a quantum state which allows future quantum systems to communicate and transfer information between each other. This achievement marks the first known commercial demonstration of ion-photon entanglement outside of academic environments. This major step towards quantum networking and photonic interconnects will play an integral part in helping IonQ deliver significantly higher computational power in next-generation systems.

“We are proud to share this first major step towards connecting quantum systems and developing IonQ’s first networked quantum computer,” said Pat Tang, Vice President, Research & Development at IonQ. “This brings us one step closer to achieving commercial quantum advantage by running deeper, more complex circuits, and lays the foundation to develop future quantum applications and quantum networking solutions.”

IonQ's research team demonstrated the generation and collection of single photons from an ion qubit, successfully routing those photons to specialized detection optics used to verify ion-photon entanglement across this network. The work represents a crucial first step towards developing photonic interconnect protocols for quantum computing applications running across multiple quantum processing units (QPUs). While similar achievements are well documented in academia, today’s results are a testament to how technology can transfer efficiently from research settings into commercial real-world environments. More details on our achievement and approach are in our blog post.

Currently, classical supercomputers distribute workloads across multiple cores and processors to operate in parallel. In contrast, quantum networks entangle cores to form a single, more powerful quantum computer capable of running complex algorithms. Photonic interconnects will lead to integrated computation across quantum networks, not just communication between siloed parts as seen in classical setups.

Today’s announcement marks the latest effort by IonQ to build the infrastructure needed to support a future quantum network. Last year, IonQ acquired Canada-based startup Entangled Networks to expand IonQ’s expertise for running computations across multiple distributed quantum processors. Additionally, the Company expanded its Air Force Research Lab (AFRL) relationship with a $25.5M deal to deploy two quantum computing systems for quantum networking research and development.

IonQ’s quantum systems are available through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud, as well as through direct API access. To learn more about how you can get started on an IonQ system today, please contact us directly at: https://ionq.com/get-ready.

About IonQ
IonQ, Inc. is a leader in quantum computing that delivers high-performance systems capable of solving the world’s largest and most complex commercial and research use cases. IonQ’s current generation quantum computer, IonQ Forte, is the latest in a line of cutting-edge systems, boasting 35 algorithmic qubits. The company’s innovative technology and rapid growth were recognized in Fast Company’s 2023 Next Big Things in Tech List and Deloitte’s 2023 Technology Fast 500™ List, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ.com.

IonQ Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words “would,” “will,” and other similar expressions are intended to identify forward-looking statements. These statements include those related to the company’s technology driving commercial advantage in the future, the ability for third parties to implement IonQ’s offerings to increase their quantum computing capabilities, the effect of increased availability of customer support functions, IonQ’s quantum computing capabilities and plans, access to IonQ’s quantum computers, increases in algorithmic qubit achievement, and the scalability and reliability of IonQ’s quantum computing offerings. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive industries in which IonQ operates, including development of competing technologies; changes in laws and regulations affecting IonQ’s business; IonQ’s ability to implement its business plans, forecasts and other expectations, identify and realize partnerships and opportunities, and to engage new and existing customers. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company’s filings, including but not limited to those described in the “Risk Factors” section of IonQ’s most recent Quarterly Report on Form 10-Q and other documents filed by IonQ from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations.

Contacts

Tyler Ogoshi[emailprotected]

IonQ Investor Contact:

[emailprotected]

IonQ Achieves Critical First Step  Towards Developing Future Quantum Networks (2024)

FAQs

Is IonQ the leader in quantum computing? ›

About IonQ

IonQ, Inc. is a leader in quantum computing that delivers high-performance systems capable of solving the world's largest and most complex commercial and research use cases.

What is the future plan of IonQ? ›

IonQ is driving to improve native two-qubit gate performance to greater than three 9's (>99.9%) in 2025, with further gains – fueled by the move to barium qubits – expected the following year.

What is the world's first quantum network? ›

Aliro. The DARPA quantum network has been called the “first quantum network.” While quantum networks have developed considerably in the nearly 20 years since the project began, the DARPA network was indeed a major step towards the future of quantum networks.

What is the future of the quantum network? ›

A future quantum network [1,2] will consist of quantum processors that are connected by quantum channels, just as conventional computers are interconnected to form the Internet.

Did Bill Gates invest in IonQ? ›

If you're wondering is Bill Gates invested in IonQ? Yes, he is, and so too is Salesforce CEO, Mark Benioff, as well as Dell founder, Michael Dell.

Which company has the most powerful quantum computer? ›

Now comes the hard part. After making the world's largest quantum chip (and cryogenic fridge), Big Blue is taking a more modular approach to build an error-corrected computer.

Will IonQ be successful? ›

As at March 2024, IonQ had cash of US$375m and no debt. In the last year, its cash burn was US$108m. So it had a cash runway of about 3.5 years from March 2024. Importantly, analysts think that IonQ will reach cashflow breakeven in 4 years.

What is the future prediction for IonQ? ›

IONQ Stock 12 Month Forecast

Based on 4 Wall Street analysts offering 12 month price targets for IonQ in the last 3 months. The average price target is $10.63 with a high forecast of $13.00 and a low forecast of $6.90. The average price target represents a 54.06% change from the last price of $6.90.

What is special about IonQ? ›

At IonQ, we take a different approach. We use a naturally occurring quantum system: individual atoms. These atoms are the heart of our quantum processing units. We trap them in 3D space, and then use lasers to do everything from initial preparation to final readout.

Which country is leading in quantum technology? ›

Compared globally, China has announced the most investment in quantum technology. As of 2022 and according to McKinsey, China's officially acknowledged level of public investment ($15.3 billion) surpasses that of the European Union ($7.2 billion), the United States ($1.9 billion), and Japan ($1.8 billion) combined.

Who is the father of quantum? ›

Answer and Explanation: N e i l s B o h r and M a x P l a n c k are credited with fathering quantum theory. When German physicist Max Planck published his work on the effect of radiation on a black body he was able to illustrate how radiant energy are made up of particle-like components dubbed as "quanta".

Who is the father of quantum computing? ›

David Deutsch FRS

What is Ionq stock forecast for 2030? ›

IONQ Stock Forecast From 2025 to 2030

IONQ stock price forecast from 2025 to 2030 is estimated to be $12.62 to $93.75 per share.

Will quantum computing replace AI? ›

Quantum computing can potentially enhance AI's capabilities by removing the limitations of data size, complexity, and the speed of problem solving.” Researchers are already working on enhancing current AI methods in research by applying quantum computing methods to protein structure prediction.

Who is behind quantum? ›

Niels Bohr and Max Planck, two of the founding fathers of Quantum Theory, each received a Nobel Prize in Physics for their work on quanta. Einstein is considered the third founder of Quantum Theory because he described light as quanta in his theory of the Photoelectric Effect, for which he won the 1921 Nobel Prize.

Who is leading the charge in quantum computing? ›

IBM, Google, and Microsoft Lead the Charge With Quantum Computing Innovation. Ever since I attended IBM's Think conference in 2023 and learned of its quantum computing advancements, I've been fascinated by that technology's potential and surprised by the speed at which it is progressing.

Who is the market leader in quantum computing? ›

1. IBM. IBM (IBM) is a leader in quantum computing through its IBM quantum division, offering cloud-based access to its quantum systems via the IBM Quantum Experience.

Who is the head of quantum technology? ›

Rachel Maze - Head of Quantum Technologies Policy - Department for Science, Innovation and Technology | LinkedIn.

Who was the leader of quantum? ›

Guy Haines – Quantum leader: a trusted adviser and special envoy of the British Prime Minister.

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