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Intel Buys Israeli Quantum Startup Classiq for $2.3 Billion
Summarized from Ynetnews by baba
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Intel is acquiring Israeli quantum computing startup Classiq for $2.3 billion in a cash and stock deal. This represents the highest exit in the quantum computing industry's history and is expected to boost investment in Israel's tech sector. Classiq develops quantum computer operating systems and its 150 employees will benefit from the acquisition.
The story in 5 lines · by baba
- Intel acquired Israeli quantum startup Classiq for $2.3 billion.
- The deal is the highest exit in the quantum computing industry's history.
- Classiq develops an operating system for quantum computers.
- The acquisition is expected to increase investment in Israel's quantum sector.
- Classiq employs 150 people who will benefit from the deal.
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