Quantum Computing Inc. Received Advanced Subcontract to Test Quantum Sensing Solutions and Also Signed LOI for Potential Acquisition of AI Startups
We reported how last February Quantum Computing Inc.’s (QCI) the subsidiary, named QI Solutions, received a subcontract award from Science Systems Applications, Inc. (SSAI) to support NASA in testing proprietary quantum photonic systems for remote sensing for use in applications such as monitoring climate change. The company recently announced that it has received an advanced subcontract to test its quantum photonic system for remote sensing applications (QLiDAR) and also demonstrated how satellite imagery can be processed by leveraging its photonics-based reservoir computing technology. The problem is that Lidar satellite-based remote sensing faces considerable interference from the sun during daylight measurements. This research will involve using the photonic computational capabilities of the QCI reservoir to eliminate noise and enable daylight measurements. Work under this new subcontract award is expected to be completed by the end of the second quarter of 2023. QCI’s press release announcing this award can be accessed Here.
In other news, QCI has announced the signing of a Letter of Intent to acquire an AI startup a million ways. million ways developed emotionally intelligent artificial intelligence agents that can provide users with feedback about their emotional state and personality insights. The hope is that by using the photonic computational capabilities of the QCI reservoir, they can significantly improve the algorithm a million ways to make it much more effective. The companies started working together in April 2023 with initial tests to see how QCI’s photonic processor would work with its million-way algorithm. The relationship will begin with QCI providing millions of ways a series of three bridge loans totaling a maximum amount of $2,000,000. The bridge loan will give QCI a Right of First Denial to acquire millions of ways for a pre-determined amount. Details about this intercompany relationship can be found in a press release from QCI that is available Here.
May 26, 2023