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Quantum News Briefs: February 13, 2024: Caltech Researchers Enhance Atomic Clocks with Quantum Computing Tools; “Forget IonQ: 3 Quantum Computing Stocks to Buy Instead”; “3 Quantum Computing Stocks With Serious Potential to Make You a Millionaire”

IQT News — Quantum News Briefs
By Kenna Hughes-Castleberry posted 13 Feb 2024

Quantum News Briefs: February 13, 2024: 

Caltech Researchers Enhance Atomic Clocks with Quantum Computing Tools

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Researchers at the California Institute of Technology have made a significant advancement in the field of atomic clocks, leveraging quantum computing techniques to enhance their precision. Published in Nature Physics, their study introduces a novel approach that utilizes multiple atomic clocks in tandem, allowing for a more accurate time measurement. By applying a concept similar to having multiple hands on a watch, the team has developed an atomic-scale multi-hand clock. This method involves controlling the electronic state of individual atoms with high fidelity by altering their positions in a laser beam, enabling each atom to experience time at varying rates. This advancement not only demonstrates the potential for individual atom control to outperform traditional ensemble-based atomic clocks but also underscores the synergy between quantum computing and quantum sensing technologies. The research could pave the way for developing programmable quantum optical clocks with unprecedented accuracy, marking a promising step forward in metrology research and quantum technology integration.

In Other News: Motley Fool article: “Forget IonQ: 3 Quantum Computing Stocks to Buy Instead”

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IonQ, a pure-play quantum computing company, has been in the spotlight for its promising but highly speculative business model, trading at a staggering 113 times sales despite its unprofitable status and the nascent, risky nature of the quantum computing industry, highlights a recent Motley Fool article. Against this backdrop, more stable investment alternatives are offered by established tech giants Intel, IBM, and Honeywell, which are diversifying into quantum computing alongside their core, proven businesses. These companies provide a safer entry point into the quantum computing sector, leveraging their extensive experience, financial stability, and broad business operations to mitigate the high risks associated with this cutting-edge technology. While IonQ battles against these well-funded and diversified competitors, investors may find a more balanced risk-reward profile by considering investments in these industry titans, all of which are members of the Dow Jones Industrial Average and are advancing quantum computing as part of their wider innovation strategies.

In Other News: Investor Place article: “3 Quantum Computing Stocks With Serious Potential to Make You a Millionaire”

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A new Investor Place article highlights that quantum computing stocks such as D-Wave Quantum (QBTS), IonQ (IONQ), and Rigetti Computing (RGTI) are emerging as pivotal players in the tech landscape, each carving out unique niches and demonstrating significant potential for growth. D-Wave focuses on annealing quantum computers, vital for solving complex optimization problems, and has recently made strides with its Advantage2 prototype and collaboration with Zapata AI. IonQ stands out for its progress in commercializing trapped ion technology-based machines, achieving milestones ahead of schedule and integrating its services with major cloud platforms. Meanwhile, Rigetti has gained attention for winning a national competition in the UK and its development of quantum integrated circuits aimed at mainstream use. These companies not only represent the cutting edge of quantum computing but also promise substantial returns for investors willing to dive into this high-potential, yet speculative, market segment.

Kenna Hughes-Castleberry is the Managing Editor at Inside Quantum Technology and the Science Communicator at JILA (a partnership between the University of Colorado Boulder and NIST). Her writing beats include deep tech, quantum computing, and AI. Her work has been featured in National Geographic, Scientific American, Discover Magazine, New Scientist, Ars Technica, and more.

Categories: photonics, quantum computing, research

Tags: Caltech, D-Wave, IonQ, Rigetti Computing.

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John Prisco, CEO and President of Safe Quantum Inc., will speak at IQT The Hague in the Netherlands in 2024.Vivek Chidambaram, Superconducting Hardware Development Manager of the National Quantum Computing Center (NQCC) is an IQT Nordics 2024 Speaker.