"Infleqtion Quantum" The SPAC is back, and, I believe this one could be quite lucrative as this pioneer of Quantum Sensing Technology goes public!!

 

Here’s a retail-friendly investment/business snapshot of Infleqtion 

(going public via Churchill Capital Corp X – “CCCX”)

plus a quick peer check vs IONQ, D-Wave (QBTS), and Rigetti (RGTI).

Churchill Capital Corp X (CCCX)

$12.17

+$0.82(+7.29%)September 19

Infleqtion (ticker to be: INFQ after merger) — Retail Cheat Sheet

What Infleqtion is

Neutral-atom “full-stack” quantum company that sells precision sensors (clocks, RF, inertial/GPS-denied nav) and quantum computing systems, with software to tie it together. The SPAC deal values Infleqtion at ~$1.8B pre-money and aims to list as INFQ after closing. Reuters+1

Why now (deal basics & cash)

• Transaction: Infleqtion to merge with CCCX; post-close ticker expected: INFQ (Nasdaq). Shareholder vote + SEC clearance required. SEC

• Proceeds: “> $540M expected gross proceeds” (includes ~$416M trust, >$125M PIPE). Actual cash depends on redemptions. PIPE backers cited include Maverick Capital and Morgan Stanley’s Counterpoint Global (plus others). Yahoo Finance+2The Quantum Insider+2

• Use of funds: accelerate product roadmap, manufacturing scale-up, and go-to-market. The Quantum Insider

Commercial traction (what’s real today)

• Revenue (TTM to Jun 30, 2025): ~$29M; 2025E booked & awarded business ~ $50M; identified pipeline > $300M (company figures; prelim/unaudited). Quantum Computing Report+1

• Customers/partners called out: NASA, U.S. DoD, U.K. government, and NVIDIA among others. Nasdaq+1

• Tech milestones (company-stated): neutral-atom platform with record qubit arrays, high two-qubit fidelities, early logical-qubit demos; sensors already shipped in volume (hundreds). The Quantum Insider

Institutional & transaction parties (high level)

• PIPE investors (named in press/PR): Maverick Capital, Counterpoint Global (Morgan Stanley), plus Glynn Capital, BOKA Capital, LCP Quantum (per deal comms). The Quantum Insider

• Advisors: Citi (capital markets advisor/PIPE placement), J.P. Morgan (advisor/PIPE), BTIG; multiple law firms. The Quantum Insider

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How Infleqtion stacks up vs public quantum peers

Company	Core tech & focus	Where $ comes from now	Recent scale markers
Infleqtion (INFQ, post-deal)	Neutral atoms; sensing (clocks/RF/inertial) + computing	Government/defense + enterprise; sells hardware & systems; software	TTM rev ~$29M; booked/awarded ~$50M 2025E (company est.) Quantum Computing Report+1
IonQ (IONQ)	Trapped-ion quantum computing	Cloud QPU access, services, systems	Larger public market cap today; raised significant capital; pure computing focus. (See investor deck comps.) Churchill Capital X Corp
D-Wave (QBTS)	Quantum annealing (optimization), moving toward “advantage2”	Cloud/hybrid annealing services; enterprise pilots	Smaller revenue base than Infleqtion per deck comps; meaningful enterprise logos. Churchill Capital X Corp
Rigetti (RGTI)	Superconducting gate-model	Cloud access, government R&D, systems	Similar early-stage commercialization; comps show lower LTM revenue. Churchill Capital X Corp

Deck comparison slide shows Infleqtion LTM revenue ~$29M vs IONQ $52M, D-Wave $22M, Rigetti $8M as of 6/30/25 (company/FactSet notes; prelim and subject to change). Churchill Capital X Corp

Live trading context (today): IONQ ~$70, QBTS ~$27, RGTI ~$29, CCCX ~$12 (can be volatile around deal milestones). (Prices from the market feed above.)

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Simple thesis (retail version)

Bull case (what could go right):

• Quantum sensing has nearer-term use (GPS-denied nav, timing, RF) -> revenue earlier than pure computing. Government/defense demand is a strong tailwind. Nasdaq

• Platform leverage: one neutral-atom “core” to serve both sensing + computing -> diversified revenue and cross-learning. The Quantum Insider

• Capitalized via SPAC + PIPE to scale production and delivery. Yahoo Finance

Bear case (key risks):

• De-SPAC risk: redemptions/dilution; post-merger selling pressure common in SPACs. SEC

• Execution/SWaP-C: shrinking lab systems into rugged, cost-effective field units is hard; procurement cycles can be long. (Industry analyses flag manufacturability & adoption hurdles.) datacenterdynamics.com

• Competition & valuation volatility across quantum names.

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How to invest (plain English)

1. Before the merger closes: buying CCCX common gives you exposure. If the deal closes and you do not redeem, your CCCX shares become INFQ automatically at closing. There will be a shareholder vote and a redemption window disclosed in the SEC S-4/proxy. SEC

2. At/after conversion: ticker should switch to INFQ; trading can be volatile in the first weeks. SEC

3. Position sizing (retail rule-of-thumb): treat as early-stage growth—size modestly (e.g., 0.5–2% of portfolio per name), add on execution catalysts (new contracts/shipments) rather than price spikes.

4. Catalysts to watch: SEC S-4 effectiveness, shareholder vote, redemption results, first major shipment(s) of sensors/nav systems, new defense/space awards, computing milestones (logical-qubit progress). SEC+1

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Bottom line (my take)

If you want nearer-term quantum exposure tilted to sensing + dual-track computing, Infleqtion offers a differentiated approach and real (if early) revenues vs peers. The risk is high (it’s still deep-tech + SPAC dynamics), but the setup is credible: named government customers, growing bookings, and fresh capital. For a diversified retail portfolio, a starter position held through the conversion—with eyes on redemption levels and first post-close execution—makes sense if you accept volatility and a multi-year horizon. Quantum Computing Report+2Yahoo Finance+2

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Ed Note: How are we investing in Infleqtion?

We bought shares of CCCX @ $10.70 and plan to hold them through the conversion process.  

If, after conversion, there is a drop in share price of INFQ, we will be adding to our small position.(1.5%)

Sources & references

• SEC deal communications / 425 & S-4 plans (mechanics, vote/redemptions). SEC+1

• Company/press & investor info (deal size, partners, revenue, PIPE names). Yahoo Finance+2The Quantum Insider+2

• Investor presentation (peer comps, LTM revenue, booked business, transaction overview). Churchill Capital X Corp+1

  Quantum Tech leader, Infleqtion reports will go public via SPAC - How to invest!

Is Nvidia in the market to buy one of the first mover, pure quantum companies?

 

A speculative Business Case Report: 

NVIDIA's Potential Partnership or Acquisition of a Quantum Computing Company

Executive Summary: NVIDIA is at the forefront of AI, high-performance computing (HPC), and GPU-accelerated workloads. As quantum computing continues to gain traction, NVIDIA may consider strategic partnerships or acquisitions in this field to enhance its position as a leader in next-generation computing. This report explores the potential for NVIDIA to partner with or acquire a quantum computing company, identifies potential targets, and examines how such a move could benefit NVIDIA's business.

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1. Strategic Rationale for Entering Quantum Computing

• Complementary Technologies: NVIDIA’s expertise in GPUs and accelerated computing can complement quantum computing’s strengths in optimization, simulation, and cryptography.

• Market Leadership: By integrating quantum capabilities, NVIDIA can extend its leadership in AI, scientific computing, and enterprise solutions.

• Infrastructure Integration:

  
  
  NVIDIA’s CUDA-Q platform and GPU-accelerated quantum simulation tools suggest an existing roadmap for hybrid quantum-classical computing.

• Competitive Landscape: Competitors like IBM, Google, and Amazon have already made significant strides in quantum computing, making this a necessary step for NVIDIA to remain competitive.

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2. Potential Quantum Computing Companies for Partnership or Acquisition

A. IonQ

• Technology: Trapped ion quantum computing, known for its long coherence times and scalability.

• Existing Collaborations: Works with major cloud providers like AWS, Azure, and Google Cloud.

• Strategic Fit: Integration with NVIDIA’s AI and HPC solutions could accelerate quantum-enhanced machine learning.

B. Rigetti Computing

• Technology: Superconducting qubits, with an open-access quantum cloud platform.

• Existing Collaborations: Partnerships with government agencies and enterprise clients.

• Strategic Fit: Could leverage NVIDIA’s hardware acceleration to improve quantum circuit simulations and error correction.

C. D-Wave Systems

• Technology: Quantum annealing, best suited for optimization problems.

• Existing Collaborations: Worked with NASA, Google, and enterprise clients for quantum-assisted optimization.

• Strategic Fit: D-Wave’s annealing approach could integrate with NVIDIA’s AI for enhanced optimization and logistics solutions.

D. Quantinuum (Honeywell Quantum Solutions + Cambridge Quantum)

• Technology: Ion-trap quantum computing and quantum software stack.

• Existing Collaborations: Strong government and enterprise partnerships.

• Strategic Fit: Offers robust quantum security and hybrid computing capabilities that could benefit NVIDIA’s broader AI and HPC initiatives.

E. PsiQuantum

• Technology: Photonic quantum computing, leveraging silicon photonics for scalability.

• Existing Collaborations: Funded by major investors and working toward fault-tolerant quantum computing.

• Strategic Fit: Alignment with NVIDIA’s interest in silicon photonics for AI data centers.

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3. How Quantum Computing Can Advance NVIDIA’s Business

• Accelerated AI and Machine Learning: Hybrid quantum-classical computing can enable faster model training and more efficient AI algorithms.

• Supercomputing and Simulations: Quantum computing could enhance NVIDIA’s presence in high-end scientific and financial modeling applications.

• Cybersecurity and Cryptography: Post-quantum cryptography solutions can be integrated into NVIDIA’s data security offerings.

• Supply Chain and Optimization: Quantum optimization algorithms can improve logistics, chip manufacturing, and data center operations.

• Software Ecosystem Expansion: CUDA-Q and other NVIDIA software tools can be extended to quantum-classical hybrid computing, opening new revenue streams.

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4. Challenges and Risks

• Technology Maturity: Quantum computing is still in its early stages; commercial viability remains uncertain.

• Regulatory Hurdles: Any acquisition, especially of a U.S. or foreign quantum company, may face government scrutiny.

• Integration Complexity: Aligning quantum computing hardware and software with NVIDIA’s existing ecosystem may take years.

• Competition: IBM, Google, and Microsoft are also aggressively expanding in quantum computing, potentially limiting NVIDIA’s strategic moves.

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As of January 31, 2025, NVIDIA reported cash and cash equivalents totaling approximately $43.21 billion, a significant increase from $25.98 billion in 2024 and $13.30 billion in 2023. ​Morningstar Tools+2CompaniesMarketCap+2Macrotrends+2

This substantial cash reserve positions NVIDIA favorably for potential acquisitions. Considering the quantum computing companies previously discussed:​Reuters

• IonQ: With a market capitalization around $6.4 billion. ​The Motley Fool

• Rigetti Computing: Valued at approximately $2.1 billion. ​TradingView

• D-Wave Systems: Market capitalization details are not specified, but the company's stock has seen significant recent increases. ​

• PsiQuantum: Valued at approximately $3.15 billion as of July 2021. ​en.wikipedia.org

Given these valuations, NVIDIA's cash reserves are sufficient to acquire any of these companies outright, should it choose to do so. 

(Ed note: an acquisition of one of these companies would only constitute a "rounding error" for Nvidia)

5. Conclusion and Recommendation

Given the increasing convergence of AI, HPC, and quantum computing, NVIDIA should strongly consider acquiring or partnering with a quantum computing company. The best options for acquisition appear to be IonQ, Rigetti Computing, or PsiQuantum, given their scalability potential and technology alignment with NVIDIA’s roadmap. Alternatively, forming a strategic partnership with D-Wave or Quantinuum could allow NVIDIA to integrate quantum computing capabilities without the full risks of acquisition.

A well-executed quantum strategy will not only future-proof NVIDIA against emerging computing paradigms but also position it as the industry leader in AI-accelerated quantum computing solutions.

It is never wrong to take profit. We're staying long stocks, but skimming some cream from the top today!

 

This week we trimmed some high flyers.  Here's the run down!

IONQ up over 400% since our buy in - Trimmed today 1/2

QBTS since we began buying at .41c, we trimmed QBTS today by 1/2 for a profit of 676%

APLD trimmed by 1/3 for a profit of 25.3%

ELF - Sold E.L.F. Beauty for a profit on 27% on the news of some legal problems

Losses:

Stopped out of CHPT for a loss of 32%

Adding to:

AMD, MU, RPRX CABA BEAM NTLA NOK EQNR ENVX AEVA

We invest our hard earned money to make a profit.  Don't make the mistake of falling in love with any stock as the market has a way of kicking you in the pants if you do.

Wishing you all great profit in investing!

HP/Ed

D-Wave Quantum is actively expanding its presence and capabilities in Japan and Australia!!

 

Japan

Recently, D-Wave has introduced a new hybrid quantum solver designed to tackle complex optimization problems in various sectors, including workforce management, manufacturing, and logistics. This solver is part of D-Wave's strategy to provide practical quantum computing solutions that blend quantum and classical computing resources, enabling businesses to solve real-world problems more efficiently and effectively.

In Japan, D-Wave's technology is being adopted by several leading organizations. For instance, NEC Corporation, a prominent Japanese IT and electronics company, is among the users of D-Wave's quantum computing systems. This collaboration highlights the increasing integration of quantum computing in Japanese industries, particularly for tasks requiring advanced optimization and computational power.

D-Wave’s new solver, capable of handling up to two million variables and constraints, represents a significant advancement in their product offerings. This development is expected to further bolster their market position in Japan by addressing the growing demand for sophisticated computational solutions across various sectors.

Overall, D-Wave's strategic initiatives and technological advancements are positioning it as a key player in Japan's quantum computing landscape, with a focus on providing practical applications that deliver tangible benefits to businesses.

For more detailed information, you can refer to the latest updates on D-Wave's website and their announcements during the Qubits 2024 user conference.

D-Wave Quantum has been making significant strides in Japan, where it has established a diverse customer base across various industries. Some of the key customers and collaborators in Japan include:

1. NEC Corporation: NEC has been a prominent user of D-Wave's quantum computing technology. They utilize D-Wave's Leap™ quantum cloud service to enhance their computational capabilities and support their clients with advanced quantum solutions.

2. Tohoku University: This prestigious institution has been involved in research and development using D-Wave machines, focusing on quantum simulations and AI-related scientific research.

3. Ogis Research Institute: Ogis Research Institute has applied D-Wave's quantum technology to optimize recipe recommendations on their self-operated recipe site "Bob and Angie."

4. Shimizu Corporation: In collaboration with Groove X, Shimizu Corporation has used D-Wave's quantum computers to optimize transportation planning for construction site soil, enhancing productivity in civil engineering projects.

These collaborations illustrate D-Wave's versatile application in sectors such as finance, construction, and academia, demonstrating the practical benefits of quantum computing in solving complex, real-world problems in Japan.

For more detailed updates on D-Wave's activities and customer successes in Japan, you can visit their Japanese site D-Wave Japan​ (D-Wave Japan)​ (Business Wire).

Australia

D-Wave has been actively expanding its presence in Australia through a strategic partnership with NEC Australia. This collaboration aims to bring D-Wave's advanced quantum computing solutions to Australian businesses and government agencies. One of the key aspects of this expansion is the integration of D-Wave’s quantum annealing technology into practical applications, particularly for solving complex optimization problems. These include improving resource mobilization during natural disasters, optimizing cargo transfers at ports, and other real-world challenges.

D-Wave and NEC have been working together to deliver quantum-based solutions since 2021, and they have already implemented successful proof-of-concept projects with the Australian Federal Government and a major transport entity in New South Wales. This partnership is also aligned with Australia's National Quantum Strategy, emphasizing the importance of quantum computing in enhancing the country's technological capabilities.

Moreover, D-Wave's Leap quantum cloud service is being leveraged to provide Australian enterprises with access to quantum computing, enabling them to perform advanced research and develop innovative solutions with the support of D-Wave's quantum data scientists​ (D-Wave Systems)​ (D-Wave Systems)​ (MarketScreener).

D-Wave has formed significant partnerships with several entities in Australia, most notably with NEC Australia. This partnership is focused on bringing quantum computing solutions to both commercial and government sectors in the country. Together, they have worked on various proof-of-concept projects, including one with the Australian Federal Government and another with a key transport entity in New South Wales.

NEC Australia plays a critical role in deploying D-Wave's quantum technology by leveraging its extensive experience in delivering complex ICT solutions to Australian businesses and government agencies. The collaboration is also aligned with Australia's National Quantum Strategy, aiming to develop and apply quantum technologies that enhance the country’s competitive edge in the global market.

These efforts have made NEC Australia a key partner for D-Wave, helping to facilitate the practical application of quantum computing across various sectors in Australia​ (D-Wave Systems)​ (D-Wave Systems).

A comparison of quantum computing leaders, IBM and IONQ  two different methods, superconduction (IBM) and ION trap technology (IONQ)! 

Mergers and acquisitions (M&A) are always on the minds of investors. Two pure plays in Quantum technology are compared here!

 

Overview of D-Wave and IONQ

D-Wave Systems Inc.

• Founded: 1999
• Headquarters: Burnaby, British Columbia, Canada
• Focus: Quantum annealing
• Technology: Specializes in quantum annealers which are designed to solve optimization problems.
• Achievements:
  • Launched the first commercially available quantum computer.
  • Developed a series of quantum computers, with D-Wave 2000Q and Advantage being the latest.

IONQ Inc.

• Founded: 2015
• Headquarters: College Park, Maryland, USA
• Focus: Trapped-ion quantum computing
• Technology: Uses trapped ions as qubits, which are manipulated using lasers to perform quantum operations.
• Achievements:
  • Significant progress in quantum volume (a metric for quantum computer performance).
  • Listed on the NYSE through a SPAC merger in 2021.
  • Partnered with major cloud providers like AWS, Microsoft Azure, and Google Cloud.

Comparison: D-Wave vs. IONQ

Technology and Approach

• D-Wave:
  • Quantum Annealing: Best for optimization problems.
  • Scalability: More qubits but limited to specific types of problems.
  • Applications: Focuses on practical applications in logistics, materials science, and machine learning.
• IONQ:
  • Trapped-Ion: Versatile, suitable for a broader range of quantum algorithms.
  • Fidelity and Error Rates: Generally higher fidelity and lower error rates compared to annealing-based systems.
  • Applications: Broader range including cryptography, complex simulations, and more general-purpose quantum computing tasks.

Market Position

• D-Wave:
  • Market Niche: Dominates the niche market for quantum annealers.
  • Commercial Clients: Partnerships with companies like Volkswagen, Lockheed Martin, and DENSO.
  • Funding: Over $200 million in funding.
• IONQ:
  • Market Growth: Aggressively expanding in the general-purpose quantum computing market.
  • Commercial Clients: Collaborations with Google, Amazon, Microsoft, and other tech giants.
  • Funding: Raised significant capital through SPAC merger, with a strong financial backing.

Strategic Advantages

• D-Wave:
  • First Mover Advantage: Pioneer in the commercial quantum computing space.
  • Specific Use Cases: Strong focus on specific use cases where quantum annealing is advantageous.
• IONQ:
  • Technological Versatility: Potential to address a wider array of quantum computing problems.
  • Cloud Integration: Strategic partnerships with major cloud service providers facilitate broader accessibility and adoption.

Potential for Mergers and Acquisitions

D-Wave

• Strengths: Established technology in quantum annealing, solid commercial partnerships.
• Challenges: Limited to optimization problems, which could be a narrower market.
• M&A Suitability: Potential target for companies looking to bolster their quantum capabilities in specific applications.

IONQ

• Strengths: Versatile technology, strong partnerships, and significant funding.
• Challenges: Still in the early stages of broad commercial deployment.
• M&A Suitability: Attractive for tech giants aiming to lead in general-purpose quantum computing.

Potential Suitors for IONQ:

1. Microsoft:

   • Reason: Microsoft has been heavily investing in quantum computing through its Azure Quantum platform. Acquiring IONQ would enhance its quantum hardware capabilities and bolster its position as a leader in the quantum computing space.

2. IBM:

   • Reason: IBM is a major player in the quantum computing industry with its IBM Quantum initiative. Acquiring IONQ would complement its existing efforts and expand its portfolio of quantum solutions.

Potential Suitors for D-Wave:

1. Google:

   • Reason: Google has a strong focus on quantum computing through its Google Quantum AI division. Acquiring D-Wave would provide Google with a unique approach to quantum computing, particularly in annealing quantum computers, enhancing its overall quantum computing capabilities.

2. Amazon:

   • Reason: Amazon Web Services (AWS) offers quantum computing services through Amazon Braket. Acquiring D-Wave would add a distinctive quantum annealing technology to its portfolio, providing customers with more diverse quantum computing solutions and strengthening AWS's market position.

Conclusion

Both D-Wave and IONQ have unique strengths that make them prominent players in the quantum technology market. D-Wave's focus on quantum annealing provides strong solutions for optimization problems, while IONQ's versatile trapped-ion approach positions it well for broader quantum applications. Their differing technologies and market strategies provide distinct opportunities for potential mergers and acquisitions, depending on the acquiring company's strategic goals.

Related Articles:

A comparison of quantum computing leaders, IBM and IONQ  two different methods, superconduction (IBM) and ION trap technology (IONQ)! 

Zapata Ai is one of those cutting edge start ups that is pushing the boundaries of combining GenerativeAi and Quantum Computing!

 Zapata AI is a company that specializes in Industrial Generative AI. 

Here’s what you need to know:

1. Industrial Generative AI:

   • Zapata AI focuses on creating Industrial Generative AI, which is a category of enterprise software. This technology harnesses both language models and numerical models for domain-specific, industrial-scale applications.
   • These solutions are tailored to businesses, helping them make better decisions by automating language tasks and customizing large language models.
   • Some use cases include:
     • Optimizing Supply Chains: By providing more accurate demand forecasts, businesses can reduce waste and downtime.
     • Speeding Up Regulatory Approval: First drafts of application documents can be generated using secure data and intellectual property.
     • Enhancing Risk Management: Zapata AI offers a faster alternative to Monte Carlo simulations, helping reduce losses.
     • Elevating Customer Experience: More human-like and responsive customer service chatbots can be created using their technology.

2. Background:

   • Zapata AI was founded in 2017 and spun out of Harvard University.
   • The company has a global team of scientists and engineers dedicated to solving computationally complex problems in industry.
   • They have pioneered proprietary methods in generative AI, machine learning, and quantum techniques that run on both classical hardware (CPUs, GPUs) and quantum hardware.

3. Platform:

   • Zapata AI’s platform, called Orquestra, is used for developing and deploying Industrial Generative AI and other large models.
   • Their engineers and scientists are ready to assist enterprises in leveraging this technology to address complex challenges.

In summary, Zapata AI is at the forefront of revolutionizing how businesses approach complex problems using cutting-edge AI techniques.

 CEO

ZapataAi's CEO, Christopher Savoie, played a significant role in the development of Apple’s Siri. 

He is the co-inventor of AAOSA, the A.I.-based natural language interface technology used to create Siri. 

His expertise extends to medicine, biochemistry, and computer science, and he has led big data analytics efforts at Nissan. 

Currently, Christopher is the Chief Executive Officer and Co-Founder of Zapata AI

Zapata has recently partnered with two Quantum Computing companies with first mover advantage in that market.

IONQ and Dwave Quantum.

It will be very interesting to monitor how quickly these companies are able to bring problem solving methods to industry through the use of Quantum AdaptiveAi technology.

(Update, June 26 2024)

Zapata AI recently joined the KT Consortium to assist in transforming chemical engineering processes using generative AI. This collaboration allows Zapata AI to work directly with leading chemical and biochemical manufacturers, utilizing their expertise in generative AI technologies to address complex industrial challenges​.

Said Georgios Kontogeorgis, KY Consortium head and Professor of Chemical and Biochemical engineering at DTU, 

" Zapata's cutting edge advancements in quantum, generative Ai represents a significant leap forward for our industry partners, together we are poised to drive transformative progress and set new standards in the industry"!

Is the buildout of Quantum Generative Ai here or soon to be here?

How the integration of Ai, Robotics and Quantum computing might change Society this century!