Reported about 12 hours ago
Xanadu Quantum Technologies, a Canadian firm specializing in quantum computing, is set to go public on Nasdaq following a $3.6 billion merger with Crane Harbor Acquisition Corp, a blank-check company. The deal, anticipated to raise nearly $500 million including a substantial private investment, underscores the growing interest in quantum technology from major players like IBM, Microsoft, and Google. While quantum computers could solve complex problems far beyond the reach of traditional computers, they face challenges related to error rates, sparking industry debates over their viability.
Source: YAHOO