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Mystery $75 M Bet Propels Tiny POET Technologies to New Highs Amid AI Frenzy

Mystery $75 M Bet Propels Tiny POET Technologies to New Highs Amid AI Frenzy

$75 Million Infusion Fuels POET’s AI Ambitions POET Technologies – a small Toronto-based photonic chip designer – just secured a massive $75 million cash infusion to supercharge its growth in the AI hardware arena ts2.tech. Announced on October 7, the deal was structured as a non-brokered private placement of ~13.64 million new shares (plus warrants) with a single institutional investor ts2.tech. “This is the largest single investment in POET’s history,” noted CEO Dr. Suresh Venkatesan, adding that it boosts POET’s balance sheet to over $150 million in cash and no significant debt ts2.tech. The shares were issued at $5.50 (with an accompanying warrant), suggesting the
Quantum Tech Breakthroughs, Big Bets & Bold Moves Rock the Globe (Aug 26–27, 2025)

Quantum Tech Breakthroughs, Big Bets & Bold Moves Rock the Globe (Aug 26–27, 2025)

Key Facts: Scientific Breakthroughs and Research Publications One of the week’s most significant research advances came from a team at the University of California, Riverside, which demonstrated a new approach to scaling quantum computers via modular chips. In simulations, the researchers showed that several small quantum processor chips can be linked into a single fault-tolerant system even if the connections between chips are up to 10 times noisier than the chips themselves quantumcomputingreport.com. This finding is a major step toward larger quantum machines, indicating that “we don’t have to wait for perfect hardware to scale quantum computers” because high-fidelity chips
Quantum Computing’s Weekend Bombshells (Aug 3–4, 2025): Breakthroughs, Big Bets & New Rules

Quantum Computing’s Weekend Bombshells (Aug 3–4, 2025): Breakthroughs, Big Bets & New Rules

Fujitsu announced it has begun developing a superconducting quantum computer with over 10,000 physical qubits, aiming for completion in fiscal 2030, and a STAR fault-tolerant architecture to reach 250 logical qubits by 2030 and 1,000 by 2035. IonQ and Oak Ridge National Laboratory demonstrated a hybrid quantum-classical approach to a Unit Commitment power-grid optimization using IonQ’s 36-qubit Forte system in the DOE GRID-Q program. Rigetti Computing announced 99.5% two-qubit gate fidelity on its 36-qubit modular processor built from four 9-qubit chiplets, with a launch on August 15 and a plan to exceed 100 qubits by year-end 2025. Quantinuum opened a
4 August 2025
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