Updated
Updated · Bloomberg · Oct 26
Intel Buys Classiq Ahead of Q3 Earnings to Bolster Quantum Computing Push
Updated
Updated · Bloomberg · Oct 26

Intel Buys Classiq Ahead of Q3 Earnings to Bolster Quantum Computing Push

3 articles · Updated · Bloomberg · Oct 26

Summary

  • Intel agreed to acquire Israeli startup Classiq Technologies for an undisclosed price, adding a quantum-computing software specialist before its third-quarter earnings report Thursday.
  • The deal is aimed at helping the chipmaker capitalize on quantum computing, a still-nascent field that is searching for commercial applications.
  • Classiq brings an existing customer base that includes BMW and AT&T, giving Intel access to enterprise relationships as it expands in the sector.

Insights

Will Intel's massive acquisition of Classiq force the hardware-agnostic platform to eventually favor Intel's own silicon spin qubits?
Could Intel's strategic pivot to a hybrid quantum-classical model finally make quantum computing commercially viable for everyday enterprises?