This is the Tagline, edited under "Misc Content"
Nov 27, 2023
Dublin, 27 November 2023., Equinix, Inc. (Nasdaq: EQIX) the world’s digital infrastructure company, has today announced its collaboration with Alice & Bob, a leading quantum computing company developing one of the most reliable quantum processors on the market. Through the collaboration with Alice & Bob, Equinix customers in Ireland and across the world will benefit from secure access to Alice & Bob’s cutting-edge quantum technology in France, therefore joining an ecosystem of businesses utilising quantum computing to unlock opportunities worth billions of dollars*. This positions Equinix as a leader in the provision of quantum computer access for businesses in Ireland.
Quantum computing is a transformative technology that supports computationally intensive tasks such as simulation, optimisation, machine learning and cryptography. Although still in its early stages, it has the potential to revolutionise industry processes, change our understanding of the universe, and even help slow down climate change by accelerating green innovations and discoveries. Quantum computers have the power and potential to solve problems that would take our best classical computers thousands of years.
Through this collaboration with Alice & Bob, enterprises in Ireland will be able to access Alice & Bob's patented technology of self-correcting superconducting quantum bit: the cat qubit, the result of cutting-edge research carried out in French and international laboratories. The technology, located in Alice & Bob’s own data centre in France, is uniquely positioned to help businesses to accelerate innovation and futureproof their offerings.
While current quantum computers can suffer from computation errors which prevent them from fulfilling their theoretical promises, Alice & Bob cat qubit allows for a much simpler road to fault-tolerant and universal gate-based quantum computing, with the potential to transform the promise of quantum computing into a decisive commercial advantage.
Théau Peronnin, CEO of Alice & Bob, said: "We are proud that our technology is moving out of the laboratory and into the real world. Equinix is the ideal partner to bring the quantum revolution into society. We are looking forward to helping Equinix customers solve some of the world’s most challenging problems."
Combining Equinix's rigorous secure operations with Alice & Bob's quantum expertise creates the ideal environment to design breakthrough innovations. This synergy will allow companies to discover the power of quantum computing with the peace of mind that their research will remain completely confidential.
Peter Lantry, Managing Director of Equinix Ireland, said: “Businesses, academics and policymakers in Ireland are excited about the promise of quantum computing and the seemingly limitless potential that it holds for our economy, society and the planet. This partnership with Alice & Bob provides a gateway to that technology and with it, opens doors to game-changing innovations.
“Our mission is to support businesses and give them access to the digital tools and ecosystems that will determine their success. This announcement is a shining reflection of that mission and we are immensely proud that through our partnerships with the scientific community, businesses in Ireland can now access quantum technologies more easily than ever before.
“This is where the colocation data centre market, of which Equinix is the global leader, is showing its value. By connecting businesses, people, and the latest technologies, we are at the heart of business innovation and the discoveries that can slow down climate change.”
Industries that rely on high intensity compute power such as sustainable energy, chemicals, pharmaceuticals and financial services are among those set to be radically changed by quantum computing by 2035, standing to potentially gain up to $1.3 trillion in value by this date.**
Notes to Editors
* Quantum Technology Monitor – McKinsey & Company - Page 5
** Quantum Technology Monitor – McKinsey & Company - Page 4
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 organizations 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.
About Alice & Bob
Alice & Bob is a French start-up whose goal is to realize the first universal, fault-tolerant quantum computer. Founded in 2020, Alice & Bob has already raised 30M€ in VC capital, hired over 80 employees, and demonstrated experimental results surpassing those of technological giants like Google or Amazon. A laureate of the French Tech DeepNum 20 and French Tech 2030 programs, Alice & Bob specializes in Cat Qubits, a technology reducing hardware requirements by up to 60 times compared to competing approaches. Demonstrating the power of its Cat Qubit architecture, Alice & Bob recently demonstrated that the number of qubits required for Shor’s algorithm can be reduced from 22 million to 300 thousand through a combination of algorithm optimization and adaptation by leveraging its approach.
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 centers 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 centers; 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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