Understand this story
Intel announced the acquisition of the Israeli quantum software company Classiq for $2.3 billion, with the deal expected to close in the second half of next year. According to The Next Platform, Classiq's platform uses AI natural language models and a Python-like language to help developers build quantum algorithms and applications, and it already has more than 40 enterprise customers, including Comcast, AT&T, BMW, and Oak Ridge National Laboratory. Intel CTO Pushkar Ranade said the move will turn its quantum research team, which has existed for 10 years, into a real quantum computing business, making Intel a full-stack quantum company able to compete with IBM and Google. No further progress has been disclosed at this time.
AI-generated from public reports
Latest development · Report
Intel acquires Classiq for $2.3 billion, betting on quantum computing commercializationDevelopments
1 confirmed developments
- Source:The Next Platform
Reports and discussion timeline
Browse reports and discussion by time. Their evidence levels remain distinct.
Oct 29
The Next Platform
Intel acquires Classiq for $2.3 billion, betting on quantum computing commercialization
Intel announced the acquisition of Israeli quantum software company Classiq for $2.3 billion, with the deal expected to close in the second half of next year. Classiq's platform uses AI natural language models and a Python-like language to help developers build quantum algorithms and applications, and already has more than 40 enterprise customers, including Comcast, AT&T, BMW, and Oak Ridge National Laboratory. Intel CTO Pushkar Ranade said the move will turn its 10-year-old quantum R&D team into a real quantum computing business, making Intel a full-stack quantum company able to compete with IBM and Google.