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Mar 24, 2023
Dublin, Ireland, March 24th 2023 – Oxford Quantum Circuits (OQC), a leading global Quantum Computing as a Service (QCaaS) company, and Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company™, today announced that OQC will make one of the most powerful quantum computers available commercially to businesses in Ireland via Equinix's TY11 Tokyo International Business Exchange™ (IBX®) data centre.
OQC is installing its quantum hardware in TY11 and plans to leverage Equinix’s on-demand interconnection solution, Equinix Fabric®, to make its Quantum Computing as a Service available to businesses and organisations around the world, including Ireland, on Equinix’s global platform in late 2023.
Once connected to Equinix Fabric, businesses will benefit from the ease of access to quantum computing as if it is on-premises, meaning that they can trial and experiment with the ground-breaking technology by directly connecting to QCaaS within their own digital infrastructure with greater security and ease.
It is expected there will be growing demand from organisations, with the technology set to support a wide range of sectors, from drug discovery and development to risk management, banking and advanced manufacturing.
Peter Lantry, Managing Director for Equinix in Ireland, spoke of the benefits to Irish businesses: “Quantum computing is set to be a transformational revolution in processing speed and power for businesses, and there is already an exciting ecosystem building around it in Ireland. The country has been investing in quantum computing research and experimentation and this will open the technology and the great potential it holds to a much wider audience. Quantum computers can solve certain highly complex computational problems in a matter of minutes, when even the most powerful supercomputers would take thousands of years to solve the same problem. This cutting-edge technology will create unique opportunities for Irish companies in all areas as it can better optimise investment strategies, improve data encryption or even assist in the discovery of new products in areas like MedTech and pharmaceuticals, where Ireland is already a world leader. As the country continues to grow its digital economy, we are very proud to be at the forefront of enabling that growth.”
Commenting on the news, Dr. Ilana Wisby, CEO at OQC, said: “The world has been waiting for quantum computing to mature to the point that it can change our lives. Installing quantum computing in Equinix’s world-class TY11 data centre brings us a step closer to this reality.
Quantum computing represents a major shift in terms of technology and process. Unlike traditional classical computers, quantum computers can crunch vast amounts of data at incredible speeds. We are excited to work with Equinix to help businesses around the world to build their quantum skillset and capabilities. The future is here, and we are setting the pace for the era of quantum computing.”
Andrew Buss, Senior Research Director, Europe: Future of Digital Infrastructure, IDC points to recent research IDC carried out: “For data-driven businesses, the ability to differentiate and remain competitive comes down to delivering meaningful insights on ever-more complex scenarios and in tighter timespans. This is driving them to invest in cutting-edge technologies, such as quantum computing, that have the potential to revolutionise key data-to-insights functions. IDC predicts that by 2026, 95% of companies will invest in compute technologies that deliver faster insights from complex data sets to drive differentiated business outcomes.1 Making quantum computing available ‘as-a-Service’ on a globally interconnected digital infrastructure should significantly reduce barriers to experimentation and adoption such as cost, skills, and the complexity of integration—and open up quantum technology to many more organisations to test and use.”
Arun Dev, Global Head of Digital Interconnection at Equinix, highlights the benefits and importance of Equinix Fabric for customers such as OQC wanting to expand their connectivity opportunities: “Quantum computing has the potential to transform the way businesses solve problems both now and into the future, especially as our customers look for more innovative solutions. As the world’s digital infrastructure company, we are proud to enable easier, secure, high-bandwidth access to this pioneering technology to thousands of businesses around the world. Welcoming OQC’s quantum computer to our global interconnection ecosystem on Platform Equinix underpins our commitment to supporting innovation. We are looking forward to working together to solve some of the key digital challenges organisations face today.”
Powered by a resilient, high-bandwidth global backbone, Equinix Fabric is an on-demand interconnection solution. Customers can rapidly build private connectivity with their enterprise workloads, whether they sit at a private data centre, in an IBX facility, or with any one of the major cloud providers. Equinix Fabric also provides superior throughput performance and low latency for customers, allowing them to move data efficiently between any of these secure endpoints.
1 IDC FutureScape: Worldwide Future of Digital Infrastructure 2023 Predictions Oct 2022 - IDC FutureScape - Doc # US48376222
About OQC
OQC is a world-leading quantum computing company. We bring quantum to our customers’ fingertips and enable them to make breakthrough discoveries. Our quantum computers are available via data centres, private cloud and on Amazon Braket. For more information: www.oxfordquantumcircuits.com
About Equinix
Equinix (Nasdaq: EQIX) is the world’s digital infrastructure company™. Digital leaders harness Equinix’s trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organisations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, risks to our business and operating results related to the COVID-19 pandemic; the current inflationary environment; foreign currency exchange rate fluctuations; increased costs to procure power and the general volatility in the global energy market; the challenges of acquiring, operating and constructing IBX® and xScale® data centres and developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centres; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent and upcoming Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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