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Rigetti Computing (RGTI) is back in focus after signing a non binding letter of intent with the U.S. Commerce Department for up to $100 million in CHIPS Act funding, alongside launching its 108 qubit Cepheus 1 108Q processor on major cloud platforms. See our latest analysis for Rigetti Computing. The stock has been volatile around the CHIPS Act headlines and insider selling, yet the 30 day share price return of 17.54% and very large 3 year total shareholder return suggest momentum has been rebuilding after earlier setbacks this year. If this quantum story has your attention, it is worth seeing what else is moving in the sector by scanning 29 quantum computing stocks With Rigetti shares up 84% over the past year but still trading about 39% below the average analyst price target, you have to ask: Is the recent quantum excitement underappreciated, or is the market already pricing in future growth? Most Popular Narrative: 31.1% Overvalued Rigetti shares last closed at $20.98, while the most followed narrative fair value sits at $16.00, so the valuation debate is front and center. Bull case: Rigetti is more credible today than it was before the Q1 2026 update. Revenue improved meaningfully, the balance sheet remains strong, Cepheus-1-108Q is now commercially available, and the company continues to hit relevant hardware milestones. If technical progress and customer traction continue together, the stock can keep working. Read the complete narrative. Want to see what is baked into that fair value? The narrative leans heavily on rapid revenue expansion, sizable losses narrowing over time, and hardware milestones feeding into bigger contracts. According to HedgeY, the fair value implies investors are weighing a very early stage revenue base of $7.1 million in 2025 against a market cap above $6.0b, with Q1 2026 acting as a proof point
- United States - / - Semiconductors - / - NasdaqCM:RGTI Rigetti Computing (RGTI) Stock Valuation After CHIPS Act Funding Move And New Quantum Processor Launch Rigetti Computing (RGTI) is back in focus after signing a non binding letter of intent with the U.S. Commerce Department for up to $100 million in CHIPS Act funding, alongside launching its 108 qubit Cepheus 1 108Q processor on major cloud platforms. See our latest analysis for Rigetti Computing. The stock has been volatile around the CHIPS Act headlines and insider selling, yet the 30 day share price return of 17.54% and very large 3 year total shareholder return suggest momentum has been rebuilding after earlier setbacks this year. If this quantum story has your attention, it is worth seeing what else is moving in the sector by scanning 29 quantum computing stocks With Rigetti shares up 84% over the past year but still trading about 39% below the average analyst price target, you have to ask: Is the recent quantum excitement underappreciated, or is the market already pricing in future growth? Most Popular Narrative: 31.1% Overvalued Rigetti shares last closed at $20.98, while the most followed narrative fair value sits at $16.00, so the valuation debate is front and center. Bull case: Rigetti is more credible today than it was before the Q1 2026 update. Revenue improved meaningfully, the balance sheet remains strong, Cepheus-1-108Q is now commercially available, and the company continues to hit relevant hardware milestones. If technical progress and customer traction continue together, the stock can keep working. Want to see what is baked into that fair value? The narrative leans heavily on rapid revenue expansion, sizable losses narrowing over time, and hardware milestones feeding into bigger contracts. According to HedgeY, the fair value implies investors are weighing a very early
The Nobel laureate who rebuilt quantum mechanics as a sum over every possible history, drew the diagrams that organised particle physics, and first imagined the quantum computer. Richard Feynman is the physicist almost everyone can picture, the bongo-playing, safe-cracking, plain-spoken genius who seemed to enjoy science more than anyone around him. Beneath the showmanship sat one of the most original minds of the twentieth century, a thinker who rebuilt quantum mechanics from the ground up and handed working physicists a set of tools they still cannot do without. His path integral reframed how a quantum particle moves, his diagrams turned forbidding calculations into sketches, and his restless curiosity reached from the smallest particles to the first idea of a quantum computer. What set Richard Feynman apart was not raw cleverness alone, since the field had no shortage of brilliant people. It was an insistence on understanding things his own way, from the foundations up, and a refusal to accept any explanation he could not rebuild for himself. That habit produced a body of work that runs through modern physics like a watermark, and a teaching legacy that still shapes how the subject is learned. The making of a Manhattan prodigy Richard Feynman was born in New York City in 1918 and grew up in Far Rockaway, encouraged by a father who taught him to question the names of things and look for the mechanism underneath. He studied at the Massachusetts Institute of Technology and then at Princeton, where he worked under John Wheeler and began developing the ideas that would define his career. Even as a student he had a reputation for solving problems by inventing his own methods rather than following the textbook. The Second World War pulled him to Los Alamos, where he became one of the youngest
Welcome to this week’s quantum technology digest. The past seven days brought developments across multiple facets of the field, from hardware improvements to software advances and strategic funding decisions. This collection showcases a continued push toward building practical, scalable quantum systems and preparing for a post-quantum world. Several companies reported key technical achievements. Quantinuum demonstrated substantial gains in logical qubit performance, while Xanadu and Rigetti focused on improving chip fabrication and modular qubit design. Simultaneously, Microsoft and IQM are investing in software and error correction techniques to maximize existing and near-term hardware. Australia’s SQC secured significant funding, emphasizing the growing international competition in precision quantum manufacturing. This week also highlighted the practical concerns surrounding quantum’s arrival. NIST proposed steps for transitioning to quantum-resistant security credentials, and reports surfaced detailing Google’s decision to prioritize development speed over substantial government funding. The deployment of Pasqal’s computer in Italy, integrated with a supercomputer, signals an increasing emphasis on hybrid classical-quantum approaches. 1. Quantinuum Demonstrates 800x Improvement in Logical Qubit Performance Quantinuum has demonstrated logical qubits that perform 800 times better than their physical counterparts, a result published in *Nature* in June 2026. This achievement utilized Quantinuum’s commercial hardware, differentiating their approach from research focused on prototype systems. The company also achieved logical qubit teleportation and significant error-correction milestones, supporting the development of customer-ready quantum systems with reduced resource needs. Recent computations using these logical qubits show lower error rates in materials science applications, squeezing 48 logical qubits from 98 physical qubits. 2. Microsoft Quantum Boosts Research in Fault-Tolerant Topological Computing Microsoft Quantum is funding research across both hardware and software with its 2026 Quantum Pioneers Program. The program now includes a dedicated Software Track to support simultaneous development of both areas, essential for building a scalable quantum computer, according to Technical Fellows Matthias
Gothenburg-based Arkeon has secured €594,200 in Seed funding from Chalmers Ventures, Navigare Ventures, and Almi Invest to address a critical bottleneck in scaling superconducting quantum computing: precision manufacturing. The DeepTech startup is developing a post-fabrication adjustment of qubit frequencies, a method designed to fine-tune chips after they are made and avoid costly, full redesigns when minor production variations occur. This process utilizes controlled current pulse-trains through the junction barrier to adjust junction resistance and improve wafer-level yield, ultimately aiming for more stable and reproducible quantum systems. “We are seeing strong interest in this type of solution,” said Peter Hörstedt, CEO and co-founder of Arkeon, noting the increasing need to optimize chips without complete manufacturing overhauls. Arkeon currently has letters of intent from approximately 30 potential customers, signaling early market validation for its approach. Arkeon Technologies Secures €594,200 Seed Funding for Quantum Chip Precision Arkeon Technologies’ recent €594,200 Seed round signals investment in addressing a critical bottleneck in quantum computing: chip precision. This approach differs from traditional methods requiring complete redesigns when minor production inconsistencies arise, potentially saving manufacturers both cost and time. Founded by Peter Hörstedt, Andreas Nylander, and Marcus Rommel, Arkeon tackles the issue of qubit frequency variations that can plague superconducting quantum chips, impacting both accuracy and overall yield. The company’s core innovation lies in its ability to fine-tune these frequencies after the chips are manufactured, creating more stable and reproducible systems. David Storek, Investment Director at Chalmers Ventures, highlighted the company’s promise, stating that the company intends to use the funding to accelerate development, validate its technology with customers, and prepare for international expansion. Post-Fabrication Tuning Adjusts Qubit Frequencies & Improves Yield Beyond achieving higher qubit counts, a significant challenge in scaling superconducting quantum computers lies in manufacturing consistency; even minute variations during chip fabrication can dramatically
Outdated computer networks across federal departments leave Australia's essential public services open to a rapidly accelerating wave of next-generation hacker threats. Subscribe now for unlimited access. or signup to continue reading This structural weakness triggered urgent warnings from leading cyber security experts. They warned although replacing these legacy systems was entirely possible, the transition required immediate attention and funding. Australian Information Security Association (AISA) board member Scarlett McDermott used a simple analogy to describe the huge technology gap facing these systems. "Trying to perform modern security processes on a legacy system is kind of like trying to plug your 1992 Volvo into an electric car charger, sometimes they're just not compatible," Mrs McDermott said. Old networks became so tangled up in daily office tasks over the years that replacing them required a significant shift in how the government operates every day, she said. The 2025 Commonwealth Cyber Security Posture showed 59 per cent of agencies attributed the stalled rollout of essential security defences to their reliance on outdated technology, which lacked funding for a viable replacement. A joint Mandala and Microsoft report found retiring the federal government's outdated technology could save Australia about $1.4 billion annually. The technological upkeep made up to 40 per cent of their tech budgets to keep the systems alive, ignoring modern alternatives that cost about a quarter less to run. AISA director Dr Rajiv Shah said the vulnerability of government agencies to future high-tech disruptions stemmed from unmaintained, homemade software. Many departments ran programs that changed hands so many times over the years that "almost no one really knows how they work", he said. Dr Shah, a quantum physics expert, said the original developers and designers of these systems "probably retired 10 years ago", leaving behind poor instructions and very limited internal understanding of how
TechInsights reveals semiconductor supplier award winners June 14, 2026 By EP&T Magazine Recognition highlights industry leaders and provides insight into the state of the semiconductor sector Talking Points TechInsights, an Ottawa-based information platform, has unveiled its 2025 Customer Satisfaction Survey and the Global Semiconductor Supplier Award winners for the chip-making equipment sector. The survey evaluated suppliers based on performance, customer service, and product quality, highlighting significant improvements among top companies such as ADVANTEST, Edwards, and FormFactor. - The survey recognized leading suppliers in various categories, including customer service and assembly equipment. - Notable year-over-year improvements were observed in companies like FormFactor and Nikon. - The results emphasize the industry's focus on collaborative partnerships and resilience amid supply chain challenges. This survey matters as it reflects the semiconductor industry's evolving landscape, showcasing how suppliers are adapting to meet increasing demands for innovation and quality in a competitive market. TechInsights, the Ottawa-based information platform for the semiconductor industry, has released its 2025 Customer Satisfaction Survey along with the associated Global Semiconductor Supplier Award winners for the chip making equipment sector. Worldwide, participants were asked to rate equipment suppliers based on three key factors including supplier performance, customer service and product performance. The award categories span customer service, assembly and test equipment, test subsystems, wafer fab equipment (WFE) subsystems, WFE foundation chip makers, fab equipment and specialty chip makers. In this year’s Global Semiconductor Supplier Awards, leading companies across the semiconductor equipment landscape demonstrated impressive gains in customer satisfaction, performance and innovation. Among the top-ranking suppliers were ADVANTEST, Edwards and FormFactor, each earning high marks across key categories. Several companies showed notable year-over-year improvements in their overall scores including FormFactor, HANMI and Nikon, reflecting a continued focus on quality, responsiveness and technology leadership. Themes emerging from this year’s results include increased emphasis on
Searching for optimal Quantum Error Correction (QEC) codes is an incredibly time-consuming and computationally demanding bottleneck due to the vast space of potential algebraic formulations. To address this, IBM researchers have introduced OpenEvolve, an open-source, LLM-guided evolutionary AI framework that dramatically accelerates the discovery of viable QEC codes. The framework establishes a powerful, two-way interplay between classical AI and quantum computing. It utilizes large language models (LLMs) to generate informed hypotheses for algebraic expressions that could serve as valid code candidates. Key Performance Results The research team tested their framework by targeting bivariate bicycle (BB) codes—a class of quantum low-density parity check (qLDPC) codes featured on IBM’s fault-tolerant quantum computing roadmap. QEC codes are formally evaluated using the format [[n, k, d]], where n represents physical qubits, k represents logical qubits, and d is the “distance” (error tolerance). In practice, maximizing these three parameters involves stark trade-offs. The evolutionary campaign successfully discovered 465 new error correction codes, showcasing diverse structural trade-offs. The table below shows a few examples of codes it found that provide different trade-offs, each of which might be advantageous for different situations. | Discovered Code Structure | Highlighted Properties & Trade-offs | | High Logical Qubit Count [[288,50,8]] | Discovered a candidate featuring an eye-catching 50 logical qubits (k=50), drastically shattering the previous record of 16 within this code family (though bounded by a low distance d). | | Hardware-Optimized [[72,4,8]] | Found a compact code requiring only 72 physical qubits (n=72), which may prove significantly easier to implement on near-term quantum hardware platforms. | | Balanced Candidates [[288,16,12]] and [[360,12,≤24]]) | Generated balanced profiles with predicted noise-handling capabilities that competitively compare to IBM’s highly studied [[144, 12, 12]] “gross code”. | Moving Forward While further research is required to evaluate how these AI-generated codes perform in
| Warning against the supposed dangers of quantum computers breaking traditional encryption of computer systems, QNu Labs CEO Sunil Gupta showcased their 'quantum security dome', claiming to have made a "non-hackable communication system". "We are the first quantum tech company in India... We have built the world's first quantum security dome, which is a non-hackable communication system. The world is in grave danger today, AI and quantum computers are going to break encryption, which are the underpins of our digital economy, so this quantum security becomes paramount," QNu Labs CEO told ANI in France. The CEO said that with the dangers of encryption being broken with quantum computers, the whole world has to migrate to this new technology "in the next 3 to 5 years". QNu Labs claims to have built a quantum security platform which brings together "everything". According to the company, they have built a "quantum security operating system for enterprises", called QShield. "QShield provides a single API for applications, abstracting the complexity underneath," QNu Labs website said. QNu Labs CEO showcased their tech at the Bharat Innovates 2026 at the Palais des Expositions, Nice, France, where India's premiere deep tech was shown at a global stage with 120 pathbreaking start-ups and over 20 Institutes of Excellence across 13 critical technology pillars showcasing their innovation. Co-Founder and CEO of AgniKul Cosmos, a satellite and reusable rocket company, also expressed gratitude that they were being given an opportunity to show their technology on the world stage. "We are grateful to the government for giving us the opportunity to build an ecosystem of vendors, investors, and customers. The strong message being conveyed through this is that the government is showcasing India's credibility to the world," said Agnikul Cosmos Co-founder, Moin. Similarly, Chairman of Raphe mPhibr, a drone manufacturing company, Vikash
TL;DR IQM added Vanguard director Barbara Venneman to its board as it nears a $1.8bn Nasdaq listing, Europe’s first for a quantum computing company. Finnish quantum computer maker IQM appointed Barbara Venneman, former Global Head of Deloitte Digital, to its board ahead of a shareholder vote on June 25 that would complete its $1.8 billion SPAC merger with Real Asset Acquisition Corp IQM added Vanguard director Barbara Venneman to its board as it nears a $1.8bn Nasdaq listing, Europe’s first for a quantum computing company. IQM Quantum Computers, the Finnish maker of superconducting quantum systems, has appointed Barbara Venneman to its board of directors as the company approaches what would be the first Nasdaq listing by a European quantum computing company. Venneman currently serves on the board of Vanguard, one of the world’s largest investment management firms, and previously led Deloitte Digital globally. The appointment signals that IQM is stacking its governance with public-markets experience ahead of a shareholder vote scheduled for June 25. That vote will determine whether IQM completes its merger with Real Asset Acquisition Corp (Nasdaq: RAAQ), a special purpose acquisition company based in Princeton, New Jersey. The deal, announced in February at a pre-money valuation of $1.8 billion, would give IQM a primary listing on Nasdaq with a potential dual listing on the Helsinki Stock Exchange. The SEC declared the registration statement on Form F-4 effective on June 5. The transaction has gained momentum since February. IQM and RAAQ announced an upsized PIPE of $146 million in early June, up from an initial $134 million commitment, after Finnish pension insurer Ilmarinen joined existing institutional investors. Combined with cash from RAAQ’s trust account, an earlier €50 million financing from BlackRock, and IQM’s existing balance sheet of $172 million, the company expects to hold more than $450 million
British-Pakistani entrepreneur Ilyas Khan has become a billionaire after Quantinuum’s blockbuster listing on NASDAQ. The company raised $1.68 billion in its initial public offering last week, in what is being described as the biggest IPO so far by a quantum startup. After selling 28 million shares at $60 each on June 3, Quantinuum was valued at more than $15.6 billion. Its shares later opened at $58, while Khan’s roughly 15 percent stake pushed his net worth to around $2.2 billion. Khan is the founder and former chief executive of Cambridge Quantum, the company that later merged with Honeywell’s quantum division to form Quantinuum. Unlike conventional computers that run on silicon-based chips, Quantinuum’s systems use trapped ions controlled by lasers to perform calculations. Another prominent Pakistani-origin name in the field is Dr. Irfan Siddiqi, a Pakistani-American physicist at the University of California, Berkeley. He has described quantum computing as a system built around entanglement, where quantum bits are linked in ways that allow them to exist in exponentially larger numbers of states than classical bits. That ability is central to the promise of quantum machines. A recent study found that 10 Pakistani immigrants are among the founders or co-founders of billion-dollar startups in the United States, placing Pakistan alongside far larger and more established immigrant founder networks.
Key Insights: - XRP Ledger now ranks as the fourth-largest tokenization network with about $4 billion in tokenized assets. - RippleX has outlined a multi-phase plan to protect the network from future quantum computing threats. - The Permissioned DEX is designed to support regulated onchain trading for institutional participants. XRP Ledger has climbed to fourth place among the largest tokenization networks in the crypto market, with data showing about $4 billion worth of tokenized assets on the blockchain. The ranking comes as developers work on quantum security plans and a regulated trading platform for institutions. XRP Ledger Gains Ground in Tokenization Market New figures from the real-world asset sector show that XRP Ledger now ranks among the leading blockchains used for tokenization. Notably, the network sits behind Canton, Provenance, and Ethereum in total tokenized value. Canton leads the market with about $321 billion, while Provenance holds roughly $18 billion. Ethereum follows with around $16 billion. XRP Ledger comes next with about $4 billion. The numbers give a picture of how blockchain adoption is spreading beyond digital currencies. More firms are exploring ways to migrate traditional assets to blockchain networks. Bonds, funds, and other financial products are becoming part of that shift. For XRP Ledger, the ranking is notable because the network has often been linked more closely to payments than tokenized assets. Even so, activity around tokenization has continued to grow. Interest in the sector has increased as institutions search for faster settlement and lower operating costs. Blockchain systems can reduce paperwork and make transfers easier to track. That has encouraged more companies to test the technology. Competition remains strong across the market. Several networks are trying to attract banks, asset managers, and payment firms. Each platform is pushing different strengths in an effort to win a larger share of
Why Is Quantum Risk Becoming A Bitcoin Governance Issue? Coinbase’s Independent Advisory Board on Quantum Computing and Blockchain has estimated that roughly 7 million bitcoin sit in addresses exposed to a future quantum attack, turning a long-running technical concern into a larger governance question for the bitcoin community. The report does not argue that bitcoin cryptography can be broken today. It instead says the migration process could take years, meaning the network cannot wait until a cryptographically relevant quantum computer exists before deciding how vulnerable coins should be handled. The exposure is divided into two main groups. About 1.7 million bitcoin are held in roughly 20,000 legacy pay-to-public-key addresses, where the public key itself is visible onchain. Those coins are directly exposed if quantum computers become capable of deriving private keys from public keys. Many of them are believed to be early-era coins, including coins assumed to belong to bitcoin’s pseudonymous creator or owners who may have lost access long ago. The larger risk comes from address reuse. Citing estimates from quantum-security firm Project Eleven, the board said about 5 million bitcoin are vulnerable because their public keys have already been revealed. Unlike the older legacy coins, much of this bucket appears to involve active users, including large cold wallets held by known exchanges and wallets showing recent activity. Why Does Address Reuse Matter? Bitcoin addresses are safest when public keys are not exposed until coins are spent. When users reuse addresses, or when older address formats reveal public keys more directly, that protection weakens in a future quantum scenario. That distinction matters because the governance debate is not only about abandoned coins. If all vulnerable bitcoin belonged to owners who lost their keys years ago, the policy question would be narrower. The board’s report says the more difficult issue
In early June 2026, SciTec Inc. announced it was selected by the U.S. Department of the Air Force PAE C3BM office to deliver a US$5.5 million operational data fusion system option under the Cloud-Based Command and Control program, building on an initial US$24.0 million award from 2024. This win highlights how SciTec’s cloud-based fusion software, now part of Firefly Aerospace, is being embedded in critical U.S. defense command-and-control infrastructure, reinforcing Firefly’s exposure to mission software and data services. We’ll now consider how this new CBC2 software award, alongside recent public offering attention, may influence Firefly Aerospace’s broader investment narrative. To own Firefly Aerospace, you need to believe it can turn government backed space and defense programs into a durable, higher margin business despite continued losses and volatility. The new US$5.5 million CBC2 option confirms SciTec’s software in a critical U.S. Air Force system, but it does not change the near term focus on scaling revenue while managing cash burn and launch reliability as the key catalyst and risk. The recent US$576 million follow on equity offering is the announcement most connected to this backdrop. While the SciTec CBC2 win speaks to long term software relevance, the offering has increased tradable supply and kept attention on share overhang and dilution risk at the same time investors are watching for progress on Alpha reliability, Blue Ghost execution and converting Firefly’s backlog into reported revenue. Yet against this promising defense software progress, the risk that persistent losses and new shares could weigh on Firefly’s stock is something investors should be aware of... Firefly Aerospace's narrative projects $1.2 billion revenue and $183.1 million earnings by 2029. This requires 119.7% yearly revenue growth and a $578.9 million earnings increase from -$395.8 million today. Before this CBC2 award, the most pessimistic analysts already expected revenue to
Building quantum-resilient communication; Startup ecosystem sees steady rise in VC inflow Pramatra Space has developed an in-house photonics chip that generates encryption keys using the physics of quantum entanglement, with the aim of making enterprises quantum-resilient. Hello, AI company Anthropic said it will “disable” its most advanced AI models for all users after the US government told it to suspend access for foreign nationals. The development comes amid security concerns over the use of its tools, Fable 5 and Mythos 5. The US government hasn’t given specific reasons for its directive to the company, The Guardian reports. Anthropic’s relationship with the Trump administration soured earlier this year after it refused to allow the US military to use its AI models for domestic surveillance and fully autonomous weapons systems. Moving on, technology is playing a major role in the 2026 World Cup, with Brazil using smart vests to track player data. This year, sports scientists are tracking players using wearable technology to obtain data regarding sprint speeds and heart rates as well as fatigue levels and injury recovery. The data, according to an article in BBC Future, is used for career-defining decisions. The pressure is high for Brazil this year as it looks to end its 24-year wait for World Cup glory. Did you know that with five titles, Brazil has won the men's World Cup more times than any other nation? In today’s newsletter, we will talk about - Building quantum-resilient communication - Startup ecosystem sees steady rise in VC inflow Here’s your trivia for today: What event is the subject of John Reed's book "Ten Days That Shook the World"? Startup Building quantum-resilient communication Bengaluru-based Pramatra Space is working on a problem that feels straight out of the future, but is quickly becoming urgent: securing digital systems in a
- United States - / - Electrical - / - NYSE:BE How Conflicting Wyoming AI Power Reports Could Reshape Bloom Energy’s (BE) Project Concentration Narrative - In recent days, Bloom Energy has been at the center of conflicting reports about a major AI data center project in Cheyenne, Wyoming, after developer Crusoe Energy paused work while utility Black Hills said the multi‑gigawatt campus, including Bloom’s fuel cells, remains on track with a different large‑load customer for service by early 2028. - This episode has highlighted how heavily Bloom’s growth story is tied to a small number of very large AI power contracts, sharpening investor focus on project concentration risk and the resilience of its roughly US$20.00 billion backlog built around hyperscaler and data center deals. - We’ll now examine how this uncertainty around the Wyoming AI data center, and Bloom’s project concentration risk, reshapes its investment narrative. This technology could replace computers: discover 29 stocks that are working to make quantum computing a reality. Bloom Energy Investment Narrative Recap To own Bloom Energy, you have to believe its fuel cells remain a go to solution for power hungry AI data centers, despite rising competition from renewables and storage. The Wyoming confusion highlights how much the near term story hinges on a few very large hyperscaler projects and whether Bloom can convert its roughly US$20.0 billion backlog on time; for now, the Cheyenne headlines seem more about timing and counterparties than a clear hit to that core catalyst. Against that backdrop, the expanded Oracle agreement, with up to 2.8 GW of Bloom systems for AI and cloud infrastructure, looks especially relevant. It underpins the idea that large, repeat hyperscaler customers can offset project specific noise like Cheyenne, while also magnifying the flip side of concentration risk if AI related capital spending
According to a recent report from consulting firm McKinsey and Company, business leaders are beginning to recognize the potential of quantum computing as it gradually moves from the lab to operations. Major organizations like Airbus and JPMorgan Chase are collaborating with quantum vendors to generate real enterprise value and support their organizational needs. It’s a notable shift when compared with the wait and see approach of just a few years ago. While many leaders recognize that the time to act has arrived, determining where to begin their quantum journey remains a challenge. Questions such as whether the technology is ready for their industry, what viable use cases exist, and what the costs and complexities look like often remain unanswered. Surfacing the answers to these can provide leaders with enough clarity necessary to launch their nascent quantum roadmaps. The Quantum Shift Is Underway The team at Capgemini’s quantum lab have a front seat on where things stand with the technology and market interest. The $26B Paris-based global consulting firm is no stranger to helping business leaders assess emerging technologies and trends. Pascal Brier, Group Chief Innovation Officer says the firm recognized several years ago that quantum technologies were reaching a potential commercial tipping point and decided to get ahead of it and form their own quantum lab. Now in its fourth year, the lab, working with teams across the firm, provides a set of capabilities that demonstrate the current state of commercial quantum technologies and the near-term value being realized across industries. Julian van Velzen is the quantum lab leader. He’s quick to point out two defining characteristics of the quantum space that can be misunderstood: quantum is a wide range of technologies, not just a single narrow solution, and many of these technologies are advancing at different rates meaning some
For Redwood AI, a $114,000 Media Blitz and a Post-Quantum Vision Can’t Reverse a 26% Stock Rout 13.06.2026 - 16:12:33 | boerse-global.deRedwood AI’s share-price trajectory is telling a much harsher story than its press releases. The Canadian artificial intelligence company lost nearly 26% of its market value last week, closing at C$2.95 on Friday with a single-day decline of 7.5%. The annualized 30-day volatility now exceeds 130% — a metric that signals deep investor unease rather than confident positioning. That unease has persisted despite a well-funded public relations push. On June 12, Redwood AI disseminated a paid audio press release through the Investor Brand Network, a paid distribution platform. StreetInsider, which carried the item, explicitly noted that its own editorial team had no involvement. The company signed a cash contract with Investor Brand Network on May 26 worth $114,000, running through the end of September. No shares are changing hands as part of the deal — a sign Redwood AI is buying visibility, not issuing equity to pay for it. The campaign paints Redwood AI as a convergence play: generative AI, defense technology, and post-quantum cryptography. The company is pursuing an acquisition of Quantum.IQ to build capacity in post-quantum security, aimed at governments and security agencies that fear quantum computers will eventually crack current encryption standards. Its platform also combines AI with cheminformatics and scientific datasets to accelerate drug discovery, targeting public safety, health, and industrial applications. Should investors sell immediately? Or is it worth buying Redwood AI? But strategic vision alone hasn’t stopped the stock slide. On June 11, the same day the paid campaign material was being prepared, Redwood AI announced a non-binding memorandum of understanding with Dr. Placide Sesonga of the University of Global Health Equity in Rwanda. The initiative envisions AI-powered outbreak detection in Central and
Coinbase report flags Bitcoin cold wallets exposed to quantum risks Between 6.9 and 7 million BTC sit in addresses where public keys are already visible on-chain, creating a ticking clock as quantum computing advances. Coinbase’s Quantum Advisory Council has put a number on one of crypto’s most abstract fears. Between 6.9 and 7 million BTC, roughly a third of all Bitcoin that will ever exist, are sitting in addresses where corresponding public keys are already exposed on-chain. That means once quantum computers become powerful enough to crack existing cryptographic signatures, those coins are up for grabs. The council’s report, published in June 2026 as a follow-up to an April position paper, draws a clear line between what’s safe and what isn’t. Bitcoin mining and hash functions? Quantum-resistant for the foreseeable future. Wallet-level digital signatures? That’s where the problem lives. The 1.7 million BTC problem nobody controls Within the broader pool of exposed coins, roughly 1.7 million BTC sit in legacy Pay-to-Public-Key addresses, the format used in Bitcoin’s earliest days. Many of these are tied to early mining activity or belong to wallets whose private keys have been permanently lost. These coins can’t be migrated to quantum-safe formats because nobody is around to move them. And that creates a governance headache that goes well beyond cryptography. The vulnerability isn’t limited to ancient wallets, either. Address reuse in more modern transaction formats also contributes to the exposure. Every time a Bitcoin address is reused after spending, its public key becomes visible on the blockchain, widening the attack surface. Freeze them or lose them The council’s proposed solutions venture into politically radioactive territory for Bitcoin. Among the governance strategies outlined: setting migration deadlines that would require users to move their coins to post-quantum-safe addresses, and then freezing funds in vulnerable addresses that fail