Quantum computing enters commercialization stage and Oxford Quantum Circuits secures large-scale investment
- 1Oxford Quantum Circuits secured a Series C investment in June, the largest among European quantum computing companies.
- 2Oxford Quantum Circuits recorded an investment amount of 260,000,000 pounds (345,000,000 dollars in USD conversion).
- 3CEO Gerald Mulleally said the company will reach the 1,000,000-step algorithm execution stage, which is the stage before error occurrence, between 2028 and 2031.
So what's the key point?
Oxford Quantum Circuits received a 260,000,000 pound investment, the largest for a European quantum computer company. The company plans to reach an error-free algorithm execution stage between 2028 and 2031.
Source Fortune · View original ↗
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