Leesburg, Virginia, May 22, 2023 /PRNewswire/ — Quantum Computing Inc. (“QCI” or “we”) (NASDAQ: QUBT), the first company to bring full-stack, photonic-based quantum computing and solutions to market, today announced that its Board of Directors will: announced. pending completion of independent third-party due diligence, has submitted a non-binding letter of intent ( LOI) was unanimously approved. Valuation and Fairness Evaluation Firms. The LOI will track the teaming and combination of millionways’ AI sensing algorithms and QCI’s quantum photonics computing capabilities, including substantial Includes progress. April 2023.
original new york city, millionways is a leader in the development of AI algorithms used to effectively provide next-generation feedback on insights about a user’s emotional state and personality. Millionways’ advanced, emotionally intelligent AI platform uniquely combines analytics and matchmaking algorithms based on various forms of user-generated text or at least her 500 words of voice-to-text data. This technology enables rapid analysis. Unlike other machine learning platforms such as ChatGPT, Alexa, and Siri, millionways’ proprietary methodology and algorithms make behavioral predictions based on psychological patterns driven by underlying emotions. This methodology, known as personality-system-interactive (PSI) theory, is a recognized and validated model for studying the dynamics of personality development and emotional states. The millionways AI model provides character assessments of human behavior. This has clear applications in making the most informed decisions in healthcare, employment, dating, customer relationships, and general applications where social interactions drive behavioral outcomes.
Over the past year, QCI has built and tested multiple hybrid AI hardware systems using photonics and quantum mechanics to increase machine learning efficiency, reduce power consumption, and significantly speed up training. I was. These systems have demonstrated significant advantages over existing digital electronic hardware in many AI applications. Following these successes, QCI’s short-term strategy includes (1) selling laptop/desktop sized devices and (2) seeking industry partnerships to explore different applications in different application domains. and (3) partnering with millions of companies to demonstrate/highlight. Strengthen our AI efforts and accelerate our entry into the industry.
Robert LiskowskiQCI’s CEO and co-founder said, “The strategic integration with QCI’s Reservoir Computing system “supercharges” millionways’ algorithms for ingesting audio files, adding context and tonality to existing text for natural language processing. It will add important new features to overlay information.” “It’s the transforming data that systems use today. Emotionally intelligent AI is fed continuously with voice input and ultimately live video to understand patterns and unconscious moods in your voice and body. Being able to perceive them directly allows us to return a more accurate and comprehensive personality analysis of our users.”
Liscouski added, “The rise of AI applications relies on the rapid expansion of computing power and its dwindling power demand. QCI’s hybrid hardware solutions meet the evolving needs of AI and It delivers low power demands with incredible computing speed and minimal heat.” Supports distributed and massively parallel processing, thereby enabling agility to compete with large data centers in big data challenges.This particular partnership enables much faster, more accurate and lower cost It enables the development of new personality algorithms that can be trained and adapted. ”
“Our long-term vision is to democratize quantum technology, bring its power to AI companies, and enable them to compete at a level that has hitherto been reserved only for big, well-funded companies,” said Liskowski. Recognizing that the field of AI is evolving rapidly and is undergoing a great deal of scrutiny, QCI and millionways will work together to ensure the integrity of the output of AI systems by combining our technologies. and we are working together to demonstrate that we can determine whether it is text, audio or video: fake or real.”
Under the terms of the LOI, QCI will provide three bridge loans to millions. $125,000 and potentially aggregated at maximum $2 million, at the discretion of QCI. Upon completion of the initial bridge loan, QCI will have a First Right of Rejection (“RoFR”) to purchase 1 million ways for one year. Upon completion of the final bridge loan, QCI’s RoFR will include the prescribed maximum valuation. The bridge loan will have an annual interest rate of 10% and a term of 12 months and will rank par with all other existing debt of $1 million, excluding payments to key internal stakeholders. Should QCI enter into the three proposed bridge loans and decide not to proceed with the Millionway acquisition, the bridge loans will supersede all existing debt, with the exception of short-term bank loans and similar short-term debt. will be In addition, QCI has the option at any time to convert the bridge loan into SAFE bonds, which do not bear interest, but can be converted into Million Way common stock at the lowest discount offered to other investors. can.
Martin Cordsmeier, CEO of millionways, said, “The market for low-cost capabilities that objectively analyze individual personalities at large scale is a very large and lucrative market. In the quantum space, QCI is focused on hardware innovation and commercialization. Millionways, like QCI, has already begun commercialization and as of last summer had preliminary use case integrations with over 50 major US companies. , which, like QCI, has core technologies that can be easily, inexpensively and flexibly adapted to key business solutions. Using our proprietary hybrid system, we found that it is possible to: His AI developers at our company can extend the already enormous capacity by significantly increasing processing power at surprisingly low power costs. Considering his QCI’s predictive and virtually concurrency in all rich media problems, even better are our combined future applications. Technology can be limitless. ”
Learn more about each company’s solutions below. Quantum Computing Corporation (QCI) and millions.
About 1 million ways
millionways created the world’s first emotionally intelligent AI assessment tool, providing next generation personality insights.Founded in new york new york In 2021, Millionways’ disruptive technology will be the first to be digitized, based on PSI theory, natural language processing, fulfilling several “zeitgeist topics” and being available for B2B and B2C, hence the potential A typical (and currently untapped) billion-dollar market opportunity. millionways is developed and continues to evolve by a team of eminent scientists, developers, psychologists, philosophers, deep thinkers and the people who use it. For more information, please visit https://millionways.me.
About Quantum Computing, Inc. (QCI)
Quantum Computing Inc. is a full-stack quantum hardware and software company with a mission to accelerate the value of quantum computing in real-world business solutions and deliver the future of quantum computing today. The company provides accessible and affordable full-stack solutions with real-world industrial applications. photonic based Quantum entropy can be used anywhere, with little or no training, and operates at normal room temperature and low power. QCI is competitive by offering faster, more accurate and secure quantum solutions at lower cost. QCI’s core entropy computing capability, the Dirac series, uses more than 11,000 qubits for binary problems and more than 11,000 qubits for binary problems. It provides solutions for both integer-based and integer-based optimization problems. (n=64) qudits for integer-based problems. Each has the largest number of variables and problem size available in quantum computing today. QCI also uses its core quantum methodologies for specific quantum applications for AI, cybersecurity and remote sensing, including Reservoir Quantum Computing, reprogrammable and non-repeating quantum random number generators, and LiDAR products. Developed. For more information on QCI, please visit www.quantumcomputinginc.com.
About QI Solutions Inc. (QIS)
QI Solutions, Inc., a wholly owned subsidiary of Quantum Computing Inc., provides quantum technology solutions and services to the government and defense industries. QIS offers a wide range of solutions from entropy quantum computing to quantum communication and sensing, backed by expertise in logistics, manufacturing, R&D and training, with a well-defined team of qualified staff. The company is dedicated to providing customized solutions for various government departments and agency partners.
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Source: Quantum Computing, Inc.
