The strategic partnership between IonQ and QuantumBasel aims to transform Switzerland into a European quantum powerhouse. This collaboration intends to establish a European quantum data center and install two advanced IonQ quantum computers at QuantumBasel, Switzerland's first quantum hub. With $500 million in private funding, the initiative's goal is to democratize quantum computing and make the technology accessible to the public. The IonQ quantum computers, which are still under development, hold potential to revolutionize industries such as logistics, finance, pharma, chemistry, and AI. The new FDA Modernization Act 2.0, allowing the use of computer models as an alternative to live animal testing, positions quantum computing favorably. IonQ's agreement with QuantumBasel is worth $28 million and has increased IonQ's 2023 bookings expectations by 25%. The challenge now lies in IonQ's ability to deliver on its commitment to develop machines with 35 and 64 algorithmic qubits on time.
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