Mentioned:
A publicly traded company in Canada is making a new bet on neural atom technology. But, why?
What’s happening:
- BTQ Technologies (CBOE: BTQ) has made a €2M strategic investment into French quantum computing company QPerfect
By the numbers:
- BTQ Technologies now has roughly a 16% ownership stake in QPerfect
- The strategic investment also grants BTQ Technologies the right to acquire QPerfect outright within 12 months
Why it matters:
- QPerfect is developing neural atom technology which is purpose built for executing quantum algorithms faster and more accurately than existing simulators and quantum hardware
Going deeper:
- QPerfect was originally incubated in the renowned European Centre for Quantum Sciences in Strasbourg prior to being spun out as its own independent company
- BTQ Technologies also just recently made waves when they officially filed an application with the United States Securities and Exchange Commission to list onto the Nasdaq
