WebSlinger
4日前
The O/S listed there is old info. They have since diluted another 16 million shares.
So the O/S should be around 115 million shares (a dilution of about 15%).
"On November 18, 2024, Quantum Computing Inc. (the “Company”) closed the previously announced registered direct offering (the “Offering”) of an aggregate of 16,000,000 shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), at a purchase price of $2.50 per share, resulting in gross proceeds of $40 million"
WebSlinger
5日前
<< check out the foundry building >>
There is no "foundry building". QUBT leases an office space in an office building on the Arizona State University Research Park (ASURP) campus.
The office is located at 2050 E ASU Circle, Suite #107, Tempe, AZ, 85284. You can see that on the company website here (just click on the pulldown that says "Where is Quantum Computing located?"):
https://quantumcomputinginc.com/investor-relations/resources
Here is a map of the ASURP campus. That address is at the top-left of the map (#25 / W Tempe in the blue legend for "Current Tenant" on the left).
https://asuresearchpark.com/property-map/
Here is a Google map that shows the office building:
https://maps.app.goo.gl/nfFfrM67jzSLCqpN6
The building has multiple occupants, including Experis, VisualVault, ManPower Group, etc.
QUBT is in Suite #107 (which was previously occupied by KinetX), which you can see here:
https://maps.app.goo.gl/pzCeRLKPF6oFjuMj6
You can see the name KinetX on the door and parking spaces. You can see the suite # on the glass on the right of the door.
WebSlinger
6日前
We reinitiate our Quantum Computing ($QUBT) short. The perma-scam was recently revived on the back of two press releases that helped the company raise $40m in a registered direct offering.
With convincing evidence, we show the PRs are based on nothing more than sand.
In 2022, we succesfully demonstrated that QUBT’s quantum computing efforts were a smoke screen. The company now presents itself as a chip foundry.
QUBT announced two orders for its Thin-film lithium niobate (“TFLN”) chips in Nov 2024. One was with a “US-based university”. Originally, QUBT disclosed that it was with The University of Texas at Austin. But QUBT removed all references to the school yesterday.
We spoke to a TU professor who confirmed that only a small order had been placed; and the individual in charge of the order was surprised to see the QUBT announcement, as it was not reviewed prior to release.
QUBT claims to have a foundry located at 2050 E ASU Circle Suite 107 Tempe AZ to fulfill these orders. The building’s mgmt said there was no foundry there. An investigator reported only seeing a conference room.
People walking around outside were asked if there was any machinery or large equipment inside. They said no and added it was just offices and meeting rooms. There are no loading docks, bays, or large doors. There would be no way to get large machines inside.
QUBT’s 10-Q shows that little to no work has been done on the facility. Its fixed asset breakdown does not align with the level of investment one might expect to establish a foundry.
QUBT started as a quantum computing software provider. That failed. Then it tried to integrate that with hardware in 2022. That also failed. QUBT tried to acquire an AI co in 2023. That deal hasn’t closed. Now QUBT wants to be a chip foundry.
We believe the foundry will amount to nothing. The pattern is clear: QUBT thrives on narrative but delivers little of substance. All this time, the company has gone from one hype to another, only to time and again fail to deliver on its promises.
We shared our findings with the SEC.
https://x.com/IcebergResear/status/1861809490980643061
WebSlinger
7日前
xAI is the largest AI supercomputer in the world. Here is what it says:
"According to industry experts, quantum computing is considered to be in its early stages with significant technical challenges to overcome, particularly in terms of stability, scalability, and error correction. Some experts suggest that while quantum computers are already impacting areas like cybersecurity with preemptive measures like post-quantum cryptography, fully functional commercial quantum computers might still be a decade or more away for widespread applications."
linkvest
1週前
Quantum Computing, Inc. Announces Second Purchase Order for TFLN Photonic Chip Foundry from University of Texas at Austin
HOBOKEN, N.J., Nov. 20, 2024 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced the Company has received its second purchase order for its thin film lithium niobate (TFLN) photonic chip foundry from the University of Texas at Austin. The order will support the research efforts of the University's RF Acoustic Microsystem Group and is part of the QCi Foundry's pilot launch program, with fulfillment expected in Q1 2025.
The order will enable the University to advance chip-scale acoustic and cross-domain microsystems, utilizing the scalable industrial processes provided by the QCi Foundry. As part of this order, QCi will leverage its standard TFLN processing recipes to facilitate a custom fabrication run tailored to the needs of the University's research group. This collaboration lays the groundwork for further expanding the use of TFLN into applications that extend into micro electromechanical systems, further establishing TFLN's potential as a versatile material system and a key enabler for the next-generation photonics market and beyond.
"This strategic collaboration with the University of Texas at Austin underscores the expanding capabilities and commercial viability of the QCi Foundry, which has been designed to meet the increasing demand for signal processing, sensing, and computing applications as well as advanced acoustic systems for volume deployment," stated Dr. William McGann, Chief Executive Officer (CEO) at QCi. "We are excited to support the University's innovative research, and this collaboration further highlights the growing recognition of TFLN as a critical driver in the future of telecom, datacom, and quantum markets."
This announcement follows QCi's recent news of securing its first order for its TFLN photonic chip foundry from a prominent research and technology institute based in Asia. The QCi Foundry will be devoted to processing TFLN and other transition metal ferroelectrics in Tempe, Arizona. The facility remains on track to begin production in Q1 2025, positioning QCi as a leader in the high-performance, TFLN-based optical chip market.
To learn more about the QCi Foundry or to explore collaboration opportunities with QCi and its foundry services, please visit the QCi Foundry webpage.
About Quantum Computing Inc.
Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines to the world today. QCi products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technology and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, cybersecurity, as well as remote sensing applications
nicehit
1週前
Not true, are you? Amazon said the Quantum Embark Program aims to guide businesses in exploring quantum computing opportunities through structured advisory services. Built around Amazon's quantum computing service, Braket, the program provides expertise across three modules: Use Case Discovery (NASDAQ:WBD), Technical Enablement, and Deep Dive.
linkvest
1週前
Investing.com -- Quantum computing stocks soared in premarket trading Monday following Amazon (NASDAQ:AMZN) Web Services' (AWS) announcement of its Quantum (NASDAQ:QMCO) Embark Program.
Shares of quantum computing companies Quantum Computing Inc. (QUBT), Rigetti Computing (QBTS), and Quantum Corporation (QMCO) rose 14%, 13%, and 31%, respectively.
Amazon said the Quantum Embark Program aims to guide businesses in exploring quantum computing opportunities through structured advisory services.
Built around Amazon's quantum computing service, Braket, the program provides expertise across three modules: Use Case Discovery (NASDAQ:WBD), Technical Enablement, and Deep Dive.
The company said the initiative targets organizations at various stages of quantum readiness, helping them identify relevant use cases and develop a roadmap for integrating quantum technologies.
AWS highlighted testimonials from early adopters, including Australia's Westpac and financial services giant Vanguard Group. Westpac's Nick Munro highlighted the importance of future-proofing through emerging technologies, while Vanguard's Bimal Mehta noted the potential for quantum computing in portfolio optimization and risk prevention.
The market reacted enthusiastically to the announcement, signaling growing interest in quantum computing's commercial potential.
AWS's program could accelerate the adoption of quantum technologies by addressing key challenges, such as navigating industry hype and balancing short-term exploration with long-term investment.
Quantum Embark joins a wave of initiatives by tech giants to expand quantum computing capabilities. By simplifying access and offering expert-led guidance, AWS is positioning itself as a leader in helping businesses unlock the strengths of quantum computing.