Overview
- IonQ says it reached 99.99% two‑qubit gate fidelity and declares its baseline accuracy goal met, positioning the company to focus on scaling.
- Management outlines a path to as many as 80,000 logical qubits by 2030, framing scale as the next hurdle to commercial systems.
- Q3 revenue rose 222% year over year to $40 million, and partnerships with AstraZeneca, Nvidia, and Amazon included a reported 20x speedup in a drug‑development step.
- Sector sentiment cooled as Arqit fell 18.9% for the week despite launching its SKA Central Controller quantum‑resistant network security platform.
- Rigetti posted softer fundamentals with $1.9 million in quarterly revenue and a larger operating loss, while D‑Wave emphasized annealing demonstrations for optimization and AI model training.