Quantinuum

And as of this past year, they have systems where they can do any operation they want on any pair of qubits with about 99.9% accuracy.

That's like Quantinium in Colorado, Quora in Boston, Google's lab in Santa Barbara.

They all have numbers around there.

And at the same time, people have designed better and better error correcting codes.

My first postdoc was associated to two.

Cambridge Quantum Computing, as well as the University of Cambridge, as it then was, sorry, Cambridge Quantum Computing as it then was, the University of Cambridge obviously still exists with the same name to this day, but CQC has become Continuum.

So there was companies, IBM and Google were beginning to make quite a big headway, as we later find out behind the scenes, Honeywell, which became sort of our partner at Continuum, were doing a lot with Iron Traps, but that was less publicised.

But certainly there was not the sort of pressure towards quantum applications.

Yeah, I see that now also on the broker side.

After Quantinium did the IPO, I see multiple brokers starting a business.

Yeah.

Writing research about quantum technology.

So that is an interesting buy.

And Heather, do you remember when we chatted a couple of months ago? I don't remember how long ago it was, but there's a company for quantum computing called Quantinuum.

We had mentioned a few times on the show, they were kind of building out this full stack of quantum computing hardware and stuff like that.

48% of the ownership of Quantinuum lies in the hands of Honeywell Technologies.

They own a little bit less than half of the business itself.

Spun it out under, you know, publicly traded entity.

And that is, I think, really critical where they're not getting investment capital, but they're getting infrastructure support, intellectual support, quantum fellows, access to talent.

We've got Quantinium as our founding compute and software partner.

I mean, just pieces of this quantum machines is set up to help some of the teams.

We just have such a deep stack of support for these teams.

Thank you.

Oracle does have a multi-year strategic partnership with the quantum hardware developer, uh, I'm not sure if I'm pronouncing this incorrectly, Quantinum.

Where are they from? I'm going to have to look up more information, but I guess, you know, it's a multi-year agreement to deploy Quantinum's Helios, which is a 98 physical cube trapped ion quantum computer directly inside a US-based Oracle Cloud Infrastructure AI data center.

OCI customers will be able to access the quantum processor through a new managed OCI.

It's Oracle Cloud Infrastructure.

The setup integrates KPUs alongside Oracle's high-performance computing and NVIDIA GPU clusters, blah, blah, blah.

Yeah.

I'll look up what Quantinum or however the hell you say that's about.

Cerebrus down 40% since May when it debuted.

Similar can be said for Quantinium, which went public a month later.

So is the AI trade losing its luster? Is it over? Let's ask somebody with a great long view of what's coming in the tech pipeline.

Jason Greenberg is executive chair of TMT Investment Banking.

We're developing scoring systems around them, even portfolios.

The first bit of news that we have comes from Alphabet releasing a press release this past week, and then we also have something from Quantinuum, and we're gonna break this down into two.

Tyler, I wanna start with you.

I'm gonna throw you some questions here on Quantinuum and what it is saying is a record-breaking error correction.

But a couple of questions here for our listeners.

Basically, can you talk about the differences between logical and physical qubits, and then why does quantum computing even need error correction in the first place?

And so any, any single physical qubit can sometimes act up.

And so the idea being that we use logical qubits to kind of make sure to self-correct for anything that any single physical qubit is doing wrong.