First European quantum firm to close a Series C round

Decision comes after Chancellor asked government departments to find billions in savings

Scheme provides companies with access to technical and commercial help to secure private investment

Company says investment in AI is continuing to grow

Wants to improve AI inference

Hubs will be led by UK universities

Company set to deploy a neutral atom quantum computer

Machine will be made available via the cloud and on premise

Project aims to advance quantum networking capabilities

Round was led by UKI2S and Cambridge Enterprise

Phase 1 inquiry will run until August 14

Funding appears to come from the strategy’s original budget, rather than the allocation of additional financial support

Last move from country to rejoin EU research programs

Move comes as Intel appoints new GM to its Foundry Services unit

Parent company SoftBank currently in negotiations to secure production capacity

Ranks second for energy efficiency on Green500 list

Bristol-based IPU maker reported $204m in losses during 2022

Report outlines 15 recommendations to boost nation's semiconductor sector

UCL spinout connects AI GPUs together with light

Lenovo ThinkSystem Neptune to be housed at new £30m supercomputing center

UK businesses can now apply for research funding

Cluster features Nvidia A100 GPUs

The British AI chip designer faces a number of allegations from the Dutch cloud company

Consent order was signed four months after Vishay entered into an agreement to purchase fab from Nexperia