FastMarket.news

Cisco Steps Into Quantum Computing with New Prototype Chip and Lab

Published 1 days agoCSCO
Cisco Steps Into Quantum Computing with New Prototype Chip and Lab

Cisco Systems has recently announced significant strides in the field of quantum computing by revealing a prototype chip designed to network quantum computers. In addition, the company has inaugurated a new quantum computing lab in Santa Monica, California. The prototype chip leverages existing networking technologies to interconnect smaller quantum computers, thereby forming larger, more capable systems. This innovation has immediate applications, such as improving precision time synchronization for financial trades and enhancing meteorite detection capabilities, according to Reuters.


The newly opened lab in Santa Monica is set to become a hub for advancing research and development in quantum computing. Cisco's approach differs from other tech companies that are primarily focused on increasing the number of qubits. Instead, Cisco is concentrating on quantum networking using entanglement, a method that allows quantum computers to communicate instantly via entangled photons. The prototype chip was developed with collaboration from researchers at the University of California, Santa Barbara, marking an important step in Cisco's quantum networking ambitions.


Cisco's foray into quantum networking aligns it with other major tech players, including Google, Microsoft, Amazon, and Nvidia, all of which are actively developing quantum technologies. By focusing on quantum networking solutions, Cisco aims to integrate quantum technologies into practical applications, further solidifying its position in the rapidly evolving tech landscape.

Share this article

Recent Articles

Rackspace Technology Projects Up to $665 Million in Q2 2025 Revenue

Rackspace Technology Projects Up to $665 Million in Q2 2025 Revenue

9 minutes agoRXT

Rackspace Technology has unveiled its financial outlook for the second quarter of 2025, anticipating revenue to range between $653 million and $665 million. This forecast underlines Rackspace's ongoing transformation into a prominent provider of hybrid cloud and AI solutions, aiming to leverage the increasing demand in these fast-evolving markets. Reuters noted that this shift aligns with Rackspace's strategic goals. In detail, Rackspace expects its Public Cloud revenue to slightly increase, landing between $414 million and $419 million, marking a 1% sequential growth. Meanwhile, Private Cloud revenue projections suggest a range from $255 million to $262 million, indicating a minor sequential decrease. Notably, the company forecasts a non-GAAP operating profit of $29 million to $31 million, reflecting a significant 31% sequential increase. Additionally, Rackspace is working on optimizing its capital structure, having repurchased $68 million of debt and expects to maintain positive cash flow for the rest of the year. This financial strategy is part of Rackspace's broader effort to strengthen its financial health while capitalizing on burgeoning sectors like AI and hybrid cloud services.

Dropbox Expands AI Tool and Raises 2025 Margin Outlook

Dropbox Expands AI Tool and Raises 2025 Margin Outlook

24 minutes agoDBX

Dropbox has announced ambitious plans to expand Dash, its AI-powered productivity tool, while also increasing its operating margin guidance for 2025. The expansion aims to enhance the organization and security of cloud content by integrating Dash with Dropbox's core File Sync and Share (FSS) business, offering greater value to its users. Initial user feedback for Dash has been encouraging, indicating a strong demand for AI-driven productivity solutions, as reported on investors.dropbox.com. In light of these developments, Dropbox expects to achieve a 150 basis point increase in its non-GAAP operating margin by 2025 compared to 2024. This growth comes even as the company navigates annual merit pay increases and invests in research, development, and sales to further scale Dash. Notably, Dropbox intends to reinvest some cost savings from a recent workforce reduction back into enhancing Dash, according to insights from insidermonkey.com. These strategic moves underscore Dropbox's ongoing efforts to boost its AI capabilities, ensuring that the company remains agile and efficient. By prioritizing AI integration and focusing on operational improvements, Dropbox is setting a strong foundation for sustained growth and value delivery to its customers and stakeholders in the coming years.

Toast Reports Record Growth as It Eyes 2025 Expansion

Toast Reports Record Growth as It Eyes 2025 Expansion

54 minutes agoTOST

Toast has announced ambitious growth plans for 2025, spotlighting impressive performance in the second quarter of 2024. The restaurant technology company achieved a record by adding approximately 8,000 new net locations, bringing the total to around 120,000—representing a 29% growth compared to the previous year. In terms of financial metrics, Toast reported an Annualized Recurring Revenue (ARR) of $1.5 billion as of June 30, 2024, reflecting another 29% increase over the past year. Additionally, the company outperformed expectations by achieving GAAP profitability and reported an adjusted EBITDA of $92 million in Q2 2024. These results were highlighted in a recent report by Business Wire. Toast is focusing on leveraging artificial intelligence to boost customer value, with initiatives that include using generative AI for marketing, data-driven tools for menu optimization, and AI solutions like Sous Chef. These strategies are part of Toast's broader plan to expand into new markets and grow the number of locations they serve, aiming to significantly increase the current count of 134,000 locations by 2025.

Sprout Social Sets Revenue Guidance for 2025 with AI and Influencer Marketing Focus

Sprout Social Sets Revenue Guidance for 2025 with AI and Influencer Marketing Focus

1 hours agoSPT

Sprout Social has unveiled its revenue expectations for fiscal year 2025, highlighting the company's strategic focus on artificial intelligence and influencer marketing. The company projects its total revenue to land between $448.1 million and $453.1 million. Non-GAAP operating income is expected to be between $38.2 million and $43.2 million, and non-GAAP net income per share is anticipated to range from $0.65 to $0.74, based on approximately 59.3 million weighted-average shares outstanding, according to Sprout Social's official announcement. The company's strategic advances emphasize AI, with features like 'Generate by AI Assist' and 'Analyze by AI Assist' enhancing accessibility and data analysis. AI-powered content creation is also central to the company's plan, streamlining work for marketers. Additionally, after acquiring Tagger Media in August 2023, Sprout Social has revamped its influencer marketing platform to enhance influencer identification, campaign management, and ROI assessment, notes Fintel. Sprout Social's fiscal strength is reflected in its customer metrics, with over 9,300 customers contributing more than $10,000 in annual recurring revenue, and approximately 1,700 customers exceeding $50,000 ARR. The company maintains a 104% dollar-based net retention rate in 2024, demonstrating robust customer retention and growth. Further solidifying its industry standing, Sprout Social has been lauded by G2's Best Software Awards across seven categories and recognized as a leader in social media marketing software for large enterprises by IDC Marketscape, as reported by GlobeNewswire.