Intel to acquire quantum software maker Classiq for $2.3 billion
Overview
Intel announced plans to acquire Israeli quantum software company Classiq for $2.3 billion, according to The Next Platform.
The deal is expected to close in the second half of next year. Classiq makes a platform that helps developers build quantum algorithms and applications.
Intel CTO Pushkar Ranade says the acquisition moves Intel's quantum group from research into a commercial business.
Written by AI from the articles below · updated Oct 28, 1:04 PM ET
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- The Next PlatformNewsIntel to acquire quantum software maker Classiq for $2.3 billion
AIIntel announced plans to acquire Israeli quantum software company Classiq for $2.3 billion, with the deal expected to close in the second half of next year. Classiq's platform helps developers build quantum algorithms and applications, and Intel CTO Pushkar Ranade said the acquisition moves Intel's quantum group from research into a commercial business.
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