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Intel Acquires Classiq to Advance Quantum Computing

Welcome to the latest edition of "Quantum Leap" where The Fly decodes news and activity in the quantum computing space.M&A:Intelhas entered into a definitive agreement to acquire Classiq, a provider of quantum computing software. The combination of Classiq's synthesis platform with Intel's spin-qubit manufacturing and existing software would create a full-stack quantum computing platform. The company said, "Since 2015, Intel has been investing in the development of quantum computing, and today it is the only company capable of producing qubit chips and complex cryogenic control electronics at-scale, using equipment and processes common to conventional silicon-based semiconductor manufacturing." Following the close of the transaction, Intel intends to continue to support Classiq's existing multi-platform integrations and ensure a modality- and hardware-agnostic software solution that continues to enable a quantum software ecosystem. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the first half of 2027. Until closing, Intel and Classiq will continue to operate as separate, independent companies.SOUTH KOREA MOU:D-Wave Quantumand LG CNS have signed a non-binding memorandum of understanding to advance the adoption of quantum computing for enterprise optimization in South Korea and international markets. The collaboration will focus on applying D-Wave's annealing quantum computing technology to complex optimization challenges, with the goal of moving applications from proof of concept into production. D-Wave CEO Alan Baratz and LG CNS President and CEO Hyun Shin-Gyoon announced the MOU onstage at D-Wave's Qubits Asia conference in Seoul. The companies intend to combine D-Wave's annealing quantum computing technologies with LG CNS's industry expertise, mathematical optimization capabilities and systems integration experience to develop applications for customers in manufacturing, telecommunications, finance and retail. The companies also intend to pursue joint go-to-market opportunities. LG CNS brings mathematical optimization expertise across industries, including manufacturing and the public sector, with end-to-end capabilities spanning problem definition, mathematical modeling, algorithm validation and real-world implementation. LG CNS has also been conducting research on applying mathematical optimization and quantum computing to real-world industrial challenges, including image reconstruction and inspection and the detection of underground anomalies.POST-QUANTUM SECURITY FOR SATELLITES:WISeSat.Spaceand Kaynes Space Technology, a subsidiary of Kaynes Technology India, expanded their strategic collaboration to develop post-quantum security solutions for satellites manufactured in India. The partners aim to combine Kaynes' satellite engineering and manufacturing capabilities with WISeSat.Space's secure space infrastructure expertise and post-quantum semiconductor technologies by its sister company, Sealsq. The objective is to embed security into satellite platforms from the design stage, protecting communications across spacecraft, ground stations and connected devices. Specific satellite platforms, technical milestones, qualification requirements and deployment schedules will be defined jointly as the development program progresses. "Our focus is on translating this development work into validated solutions and commercial opportunities that can support long-term revenue growth," said Carlos Moreira, founder and chairman of WISeSat.Space.AFRL FOLLOW-ON CONTRACT:IonQhas received $7.5M in follow-on funding from the Air Force Research Laboratory, or AFRL. The Phase 2 contract expands upon the first-generation quantum network IonQ previously delivered in Rome, New York. Phase 1 established the core physical network foundation. Phase 2 equips AFRL with additional capabilities needed to connect different types of quantum hardware across non-laboratory environments.SPACE-ENABLED SERVICES LOI:Sealsq, together with its sister company, WISeSat.Space, signed a binding letter of intent contemplating Sealsq's acquisition of satellite capacity associated with 12 WISeSat.Space satellites, together with access to related mission control, ground segment, and operational support services. The proposed transaction, involving consideration of approximately $15M is intended to support space-to-device communications and secured transactions for the development of the Quantum Spatial Orbital Cloud, or QSOC. For Sealsq, the letter of intent provides the initial infrastructure needed to extend its semiconductor security, digital identity and cryptographic-key management technologies into space-enabled services. Sealsq intends to develop and commercialize QSOC's security-services layer, creating a potential source of recurring subscription revenue from government and enterprise customers. The letter of intent covers capacity associated with an initial fleet of 12 satellites, together with mission control, ground segment and operational support services, providing the orbital and terrestrial infrastructure needed to support QSOC's development. The ground station is intended to connect the satellite network with terrestrial systems, supporting communications, secure data exchange and integration with Sealsq's planned security services. Together, the satellites and ground station would support the integrating semiconductor security, digital identity and cryptographic-key management across the network. Under the proposed operating model, WISeSat.Space would be responsible for the supply and launch of the satellites, for providing access to the initial constellation, and for operating the ground station, mission control and associated infrastructure, while Sealsq would develop and commercialize the security-services layer. The objective is to offer subscription-based services to governments, financial institutions, defense organizations and critical-infrastructure operators.QUANTUM COMPUTER IN MADRID:Telefonica and IQM Quantum Computershave joined forces to deploy the first quantum computer in the Community of Madrid. The initiative will strengthen the region's scientific and technological capabilities, while driving the development of real-world cases for companies across the Community of Madrid. The IQM Spark quantum computer will be installed at the Universidad Politecnica de Madrid before the end of 2026.

Major Averages Rise as Investors Await Fed Interest Rate Decision

The major averages were higher as investors brace for the Federal Reserve's interest-rate decision and a busy slate of corporate earnings.The Federal Reserve begins its two-day policy meeting with an interest-rate decision due Wednesday. Markets broadly expect policymakers to hold rates steady, although persistent inflation and elevated energy prices have raised expectations for additional tightening next year. Investors will focus on Fed Chair Kevin Warsh's comments for clues about the policy outlook as the central bank balances inflation risks against economic growth.Also of note, the Conference Board Consumer Confidence Index rose by 7.5 points to 91.7 in October, up from 84.2 in September, which the group attributed primarily to improved perceptions of current and expected business conditions.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiaand AMDwill invest $3B and $1B, respectively, in Meta'sequity offeringCoca-Colaprovided a "beat and raise" report in Q3Boeingreported lower-than-expected Q3 revenue and eased expectations for 737 plane deliveries this yearUPSreported upbeat Q3 results and raised its outlookS&P Globalprovided a "beat and raise" report for Q3 and said it is weighing a spinoff of Capital IQ2. WALL STREET CALLS:Modernadowngraded to Market Perform at William BlairBroadcomupgraded to Buy at DA Davidson after Anthropic S1HubSpotdowngraded to Neutral from Buy at UBSCiti upgraded MercadoLibreto Buy after recent share pullbackAbbottcut to Hold at Argus amid reimbursement uncertainty, competitive pressure3. AROUND THE WEB:General Motorsplans to offer hybrid SUVs as part of a strategic pivot, Reuters reportsJetBlueis not considering debt restructuring, Reuters saysAnthropicis aiming to go public the week of November 16, WSJ saysBleecker Street Research is short Roblox, saying "it has become the prisoner of its failings"A U.S. federal judge granted Alibaba'srequest for a preliminary injunction, ordering the US government to not deny Pentagon contracts to companies engaging in lobbying activities for Alibaba, Reuters says4. MOVERS:MidCap Financialgained after entering into a merger agreement to be acquired by Ares Capital for $2.6BJetBlueincreased after reporting Q3 results and providing guidance for Q4, FY26, and FY27Oraclewas higher after announcing cloud infrastructure partnerships with multiple major companies, including OpenAI, Cerebras, and IntelXylemwas lower after reporting Q3 results and cutting its guidance for FY26Cintasfell after Semafor reported the FTC told Cintas-Unifirstthey will sue to block their $5B deal5. EARNINGS/GUIDANCE:Itronreported Q3 results, provided guidance for Q4, and raised its outlook for FY26Ecolabreported Q3 results, with EPS beating consensusHubbellreported Q3 results, with CEO Gerben Bakker noting the company delivered "strong financial performance"Repligenreported Q3 results and narrowed its outlook for FY26PayPalreported Q3 results, provided guidance for Q4, and raised its outlook for FY26INDEXES:The Dow rose 15.99, or 0.03%, to 52,377.57, the Nasdaq gained 308.43, or 1.18%, to 26,477.81, and the S&P 500 advanced 45.83, or 0.60%, to 7,722.60.

Google Launches Genie 4 Model, Enhancing Real-Time Interactive Simulation

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.GENIE 4:Googleis announcing its research on Genie 4, its new world model that, according to the company, brings unprecedented realism and native audio to real-time interactive simulation. The Genie 4 model incorporates and builds on capabilities from the Gemini family: Gemini Omni anchors simulations in real-world appearance and behavior, while other Gemini models provide the complex reasoning needed to help maintain a simulation's coherence and continuity. "With Genie 4, you can set an event in motion and steer scenes in real time using natural language, like moving the camera, changing the weather, or introducing new characters. Every world also generates native audio on the fly, including ambient sounds, music, and interactive dialogue. Simulating the world is a crucial step toward AGI, enabling safe training environments for robots and agents, and amplifying creative tools across industries like filmmaking, journalism, gaming, and manufacturing," the company said. Google has started rolling out Genie 4 to a limited group of trusted testers. It's coming soon to Google AI Ultra subscribers in Project Genie and early access partners in the Gemini API and AI Studio.GOOGLE TPUS:Oracleand Google announced that Google's Tensor Processing Units will be available through Oracle Cloud Infrastructure, marking the first time Google TPUs will be offered on a hyperscale cloud platform outside Google. By bringing Google's purpose-built TPUs to OCI's AI compute portfolio, customers gain the flexibility to match their most demanding workloads with infrastructure designed for near-linear scalability and highly optimized economics. Google TPUs are custom accelerators co-designed with open software to power the entire AI lifecycle-from frontier training and large-scale inference to the multi-step reasoning data demands of agentic AI. OCI will provide the power, cooling, and datacenter networking to deploy Google TPUs at scale within its infrastructure.ENTERPRISE COMPUTING:Oracle announced a major new collaboration with OpenAI to redefine how the world's businesses run in the age of AI. By bringing together OpenAI models, ChatGPT, and Codex with Oracle's applications, data, and cloud infrastructure, both companies are putting AI directly to work across the systems and operations used by customers that power the world's economy. An expanded suite of products brings that approach to life, by helping people work across systems with AI, enabling them to build and deploy applications, finding and fixing security vulnerabilities, and giving entrepreneurs an integrated foundation to build and run companies.AGENTIC AI:Inteland Oracle announced plans for a multiyear collaboration intended to expand Intel Xeon-based computing on Oracle Cloud Infrastructure. The collaboration is intended to meet the growing demand for enterprise applications, agentic AI, and inference, and is expected to span current and future Xeon platforms, including planned OCI X14 offerings based on Intel's next-generation server processor codenamed Diamond Rapids.MULTI-GIGAWATT SCALE:Nvidiaand Oracle announced plans to expand Oracle Cloud Infrastructure Superclusters with Nvidia Vera Rubin NVL72 systems to multi-gigawatt scale, supporting growing customer demand for AI training, inference and agentic applications. Oracle and Nvidia also expanded their AI infrastructure collaboration with the general availability of Nvidia Vera Rubin NVL72 and Nvidia Vera CPUs on OCI. The expanded collaboration gives customers infrastructure for both the GPU-intensive work of training and serving frontier models and the CPU-intensive tasks agents perform between model calls, including executing tools, testing code and retrieving data. Customers can scale CPU and GPU resources independently to match their workloads, helping reduce idle capacity and put more of their infrastructure to productive use.META EQUITY OFFERING:Nvidia and Meta Platoformsannounced they will partner to expand their work on Muse and the Muse family of models to improve inference and training performance. Meta's Muse models and agents, which leverage Nvidia's infrastructure, have delivered frontier-level benchmark performance and surging consumer downloads since launch. Meta and Nvidia intend to further deepen their collaboration by partnering on optimizations across workflows to maximize performance and improve total cost of ownership. Meta and Nvidia will also consider additional collaboration opportunities with Nvidia on its Nvidia OpenShell Reference Architecture, including Nvidia OpenShell for safe deployment and Nvidia Sentry for monitoring agent behavior. Meta intends to expand the deployment of Nvidia infrastructure, including Vera Rubin and Vera CPUs for next-generation AI agents to deliver maximum performance per watt. Meta will also deploy Nvidia Spectrum-X Ethernet networking and BlueField-4 to support network efficiency and throughput. In addition, Nvidia will invest $3 billion in Meta's equity offering.In addition, AMDhighlighted its "deep strategic partnership" with Meta, announcing AMD Helios rackscale solutions are running at Meta, AMD EPYC processors power Meta's Muse AI agent, and AMD technologies provide Day-0 support for Meta models including Muse Spark Open and Muse Glimmer. In addition, AMD will invest $1B in Meta's equity offering. "Meta is a strategic partner for AMD, and we have built this partnership through years of deep technical collaboration - from EPYC processors powering Meta's infrastructure to Instinct GPUs and open software supporting its AI workloads. With Helios now running at Meta, we are taking that partnership to a new scale in the superintelligence era. Together, we are building and deploying infrastructure at gigawatt scale and shaping future generations of silicon, software and systems to enable Meta's most ambitious superintelligence models and services," said Lisa Su, Chair and CEO, AMD.PARTNERSHIP:ServiceNowand Google Cloud announced an expanded partnership that connects the industry-specific operational context of ServiceNow's Action Fabric to Gemini Enterprise, making agentic AI more accessible for mutual customers across multiple industries in the assistant they use daily. These new live and planned integrations mean Gemini Enterprise will be capable of reasoning and taking complex, multi-step actions using ServiceNow's widely-adopted industry workflows. With Gemini Enterprise as a unified, single interface, mutual customers can scale AI agents to support employees at headquarters, technicians in the field, or brick-and-mortar retail teams. The integrations maintain enterprise-level security, low-latency, and governance customers expect from ServiceNow and Google Cloud.