Qubits, quick for quantum bits, are the fundamental unit of data in quantum computing. They’re analogous to the classical bits utilized in conventional computer systems, however they’ll exist in a superposition of states, permitting them to symbolize each 0 and 1 concurrently. This property provides quantum computer systems the potential to carry out sure calculations a lot quicker than classical computer systems.
Qubit is a publicly traded firm that develops quantum computing {hardware} and software program. The corporate’s inventory value has been unstable in recent times, however it has typically trended upwards. In 2022, Qubit’s inventory value rose by over 50%. This was due partly to the corporate’s announcement of a brand new partnership with Google. The partnership will see Google use Qubit’s {hardware} to develop new quantum computing functions.