NASA has awarded a contract to Quantum Computing (QUBT) to use its entropy quantum optimization machine, Dirac-3, for the space agency’s imaging and data processing needs. The partnership aims to leverage QUBT’s technology to improve image reconstruction and information extraction from radar-generated interferometric data.
Financial terms of the deal were not disclosed, but Quantum Computing shares have seen a significant surge in value this year, increasing by 1,600% as of Tuesday. CEO Dr. William McGann noted that the partnership will allow NASA to compare QUBT’s quantum optimization technology with traditional algorithms running on classical computers.
Source: https://www.investopedia.com/quantum-computing-stock-skyrockets-further-on-nasa-contract-8762691