IonQ is stepping up in the world, and it made history after applying itself as a publicly-traded company that is already worth $650M in the New York Stock Exchange as the first quantum computing company here. Moreover, IonQ is backed by massive names in the industry, particularly with Hyundai, and Bill Gates' Energy Ventures.
The company was established in 2015, and since then, IonQ has been focusing on debuting quantum computing technology available to man, giving a massive leap to process a massive load of data. Quantum computing is a significant upgrade from the current computers that the world has, and it has more capabilities than dreamed of.
Modern computers are already powerful as it is, particularly as its extreme builds and versions can significantly compute terabytes of data already, but what quantum computers offer is better. The more robust technology is destined to crack the computations and various unexplainable anomalies in the current era.
IonQ Quantum Computing Goes Public
The move by the Maryland-based Quantum Computing company is ideal, particularly as it gives the public a chance to get stakes and a hold over the company's assets and valuation in the market. Moreover, this also increases their current funding, from which the South Korean car manufacturer, Hyundai, has invested $300M of the $650M valuation it currently has.
Other stakeholders and investors include the Bill Gates-backed Energy Ventures, and other parties that have stakes over the company. According to Verdict, this is a different turn from quantum computing companies, particularly as its technology is not yet a massively known and used one in the current generation.
Currently, the company is trying to develop a quantum computing device that would be smaller and more compact compared to its original state of desktop monitors and towering cabinet-looking processor. IonQ is determined to debut one of the world's first and smallest quantum computers that are roughly the size of an Xbox by 2023.
Quantum Computer: How is It Made?
According to New Scientist, the main difference between a Quantum Computer to a Modern Computer is that it uses a unit of memory called "quantum bit" or "qubit" as opposed to the known computer bytes. These units of memory already amass massive amounts of data that is capable to handle massive physical and quantum science data.
IonQ's quantum computer is made from a compressed or "trapped ion method," primarily holding an atom amongst an electromagnetic field, and in turn, uses laser lights to perform its calculation and functions. There are various ways to create a quantum computer, but all of them focus on qubits and their application to the advanced physical sciences.
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Written by Isaiah Alonzo
