Duke Technology Powers First Pure-Play Quantum Computing Company to Wall Street
Duke Technology Powers First Pure-Play Quantum Computing Company to Wall Street
Born from a 15-year-long collaboration between Duke University faculty members in engineering and physics, IonQ will become the first publicly traded company focused solely on quantum computing.
With a market capitalization valued around $2 billion, IonQ will become the first publicly traded company focused solely on quantum computing.
The company, founded on a promising approach to quantum computing that uses trapped ions to store and manipulate data, has a licensing agreement to translate Duke innovations into IonQ technology. Its founders believe this translation will only accelerate with the newly established Duke Quantum Center — a 20,000-square-foot space in downtown Durham, North Carolina that will offer programmable, reconfigurable quantum computing capability to engineers, physicists, chemists, mathematicians or anyone who comes forward with a complex optimization problem they'd like to try on a powerful quantum computing system.
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