Niccolo de Massi joins us now here on the trading floor.
He is the chairman and CEO of IOQ.
It's nice to have you here.
Congrats on doing the bell as well.
Thank you.
Honor and pleasure always.
So you're building a more precise, stable quantum computer versus the rivals out there.
Talk to me first and foremost about what that means in terms that are maybe a little bit more digestible for someone watching who might not be fully familiar.
Well, look, we are 30 years in the making, so we were founded in '95 and we've been honing our craft ever since then.
Um, we actually are the world's biggest quantum company in history by any measure, market cap, revenue, balance sheet, employees, patents, PhDs.
Um, we were the first quantum company to reach 7 figures of revenue, 8 figures of revenue, and 9 figures of revenue, and our ambition is, of course, to be the first to reach 10 figures of revenue.
Um, when I think about our announcements this morning, of which we had 4 very significant ones, we announced a deepening of our partnership with the Air Force Research Lab, which is building quantum networked quantum computers.
We announced a contract win with DARPA around our quantum memory to build quantum data centers.
We announced expansion of our parts of the UMD, and I think actually most interesting.
Because I consider INQ to very much be the bellwether of our sector.
We were the first public company.
We remain the largest, and we're not only making the world's best quantum computers, but we're also a merchant supplier to other quantum companies.
And so today we announced our benchmarking exercise that shows that our quantum computers use the least energy, run the best solutions fastest.
And that means we have a cost advantage, solution advantage, and a time dissolution advantage.
Let me ask you about the DARPA component a bit.
That shows pretty serious government and national security interest in the broader space as well.
What do those conversations look like about their needs?
That clearly the US government feels you're pretty much in a one of one category to help them address.
I think that's right.
We are the only hardware award for DARPA on the quantum Data Center quantum memory front.
We're also in the DARPA quantum benchmarking initiative, um, and that's been going for a few years.
You know, we said a year ago at World Quantum Day, because it is a tradition for us, that we thought that what's called Q Day.
Which is when our quantum computers can crack cryptography was going to happen as much as 4 or 5 years earlier than people previously thought.
Now, 1 year ago we looked at a roadmap and said we could do that even by the end of this administration potentially.
A year later, I am not surprised to hear that the rest of our competitors agree with us and Q Day is coming sooner.
So everybody needs to get quantum security into their business, into their government, into their state local institution.
Because when cryptography is crackable by the bad guys, not us, um, you know, you, you, civilization as we know it could be a real problem.
Nicolo de Massi, chairman and CEO of IOQ, congrats for doing the bell and thanks a lot for joining us here on the show.
It's nice to have you.
Thank you, always a pleasure.
