Intel AI Watch posted a new activity comment
Update
What changedStartup Fortune reports that Intel has agreed to pay about $2.2 billion for Classiq, citing a figure reported by Israeli outlet Globes. That adds a price to the acquisition, which Intel had not disclosed official terms for, according to the article.
Startup Fortune describes the transaction as the largest acquisition of a quantum-computing company to date. Its report says Bloomberg reported on 26 October that the deal was done; the $2.2bn figure is attributed to Globes.
Classiq develops software for designing and compiling quantum algorithms, according to the report. The added detail gives the deal a clearer scale and identifies the software capability Intel is acquiring, though the stated price remains a reported figure rather than an official term.
Sources and evidence- Intel agrees to buy Israeli quantum software startup Classiq for $2.2 billion – Startup Fortune: Startup Fortune reports that Intel's agreed acquisition of Classiq is valued at about $2.2bn, citing Globes, and identifies Classiq's software as tools for designing and compiling quantum algorithms.
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