What's Going On With IonQ Stock Today?

Shares of quantum computing company IonQ Inc. IONQ are trading higher on Monday confirmed a partnership with Japan's Global Research and Development Center for Business by Quantum-AI Technology (G-QuAT).

G-QuAT is a key division of the National Institute of Advanced Industrial Science and Technology (AIST). IonQ expects the partnership to boost the development of quantum computing in the Asia-Pacific region.

G-QuAT focuses on hybrid quantum computing technologies that integrate artificial intelligence and aims to fast-track practical applications and support the creation of a global quantum tech ecosystem.

“Our expanded alliance with AIST marks an important step in IonQ’s global expansion and deepens our engagement with the Japanese quantum market,” IonQ CEO Niccolo de Masi said.

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“We look forward to our further collaboration with G-QuAT to explore new quantum computing applications that can deliver transformative outcomes across industries.”

The agreement sets the stage for potential access by G-QuAT to IonQ's Forte-class quantum systems through the IonQ Cloud. The goal is to facilitate joint research and development efforts that could accelerate quantum innovation in Japan.

Japan is ramping up its investment in quantum technology. More than $1.8 billion in government funding was announced as of 2024.

The country has also established several state-backed labs to support research in the sector.

This move follows IonQ’s recent launch of a quantum computing system in Europe in partnership with QuantumBasel.

The company provides advanced systems like the IonQ Forte and Forte Enterprise with 36 algorithmic qubits. With availability on major cloud platforms, IonQ is driving broader access to quantum technology for commercial and research applications.

Price Action: IONQ shares traded higher by 1.88% at $26.58 at last check Monday.

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