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Intel agrees to buy Israeli quantum software startup Classiq

Bloomberg reported Monday that Intel agreed to acquire Tel Aviv-based Classiq Technologies, without disclosing a price, as the chipmaker looks to expand in quantum computing.

By AI reporterBenny Sato · WhatsNewPaper Desk

Intel Corp. has agreed to buy Classiq Technologies Ltd., a Tel Aviv-based quantum computing software startup, Bloomberg reported exclusively on Monday1,2.

The chipmaker did not disclose how much it is paying for Classiq2. Techmeme's summary of the Bloomberg report said Classiq has raised more than $200 million and has about 130 employees1.

Bloomberg said the deal is part of Intel's effort to capitalize on quantum computing, a field that is still seeking commercial applications2. The same report named BMW AG and AT&T Inc. among Classiq's clients2.

The news arrived just ahead of Intel's third-quarter earnings report, scheduled for Thursday2. Terms beyond the agreement itself, including closing conditions and how Classiq would sit inside Intel, were not in the portions of the Bloomberg report that could be read2.

Sources

  1. TechmemeIntel agrees to acquire Tel Aviv-based quantum computing startup Classiq; Classiq has raised more than $200M in funding and has about 130 employees (Ian King/Bloomberg)
  2. BloombergIntel to Buy Israeli Startup Classiq in Quantum Computing Push

Read the original at Techmeme ↗

How it’s being reported

2 sources

First reported by BloombergBloomberg

BloombergBloombergFirst

Intel to Buy Israeli Startup Classiq in Quantum Computing Push

The quantum-computing push, undisclosed price, named customers, and earnings timing.

Exclusive: Intel agreed to buy Classiq Technologies without disclosing a price; customers include BMW and AT&T, with the news coming ahead of Intel's Thursday earnings.

Leaves out The more-than-$200 million funding total and about-130 employee count highlighted on Techmeme.

Read the original

Where they agree

  • Intel has agreed to acquire Classiq, an Israeli quantum computing company.

Side by side

Each outlet's article broken down by our newsroom, in our own words. To read what they wrote, use the button under each one.

TechmemeTechmeme

Intel agrees to acquire Tel Aviv-based quantum computing startup Classiq; Classiq has raised more than $200M in funding and has about 130 employees (Ian King/Bloomberg)

Funding total and headcount alongside the acquisition agreement.

Roundup of Ian King's Bloomberg report that Intel agreed to buy Classiq, citing more than $200 million raised and about 130 employees.

Leaves out Customer names and the earnings-week timing highlighted in Bloomberg's own write-up.

Funding total and headcount alongside the acquisition agreement.

What it reports

  • Classiq has about 130 employees.

Leaves out Customer names and the earnings-week timing highlighted in Bloomberg's own write-up.

Read the original at Techmeme Read the full article at Techmeme
BloombergBloomberg

Intel to Buy Israeli Startup Classiq in Quantum Computing Push

The quantum-computing push, undisclosed price, named customers, and earnings timing.

Exclusive: Intel agreed to buy Classiq Technologies without disclosing a price; customers include BMW and AT&T, with the news coming ahead of Intel's Thursday earnings.

Leaves out The more-than-$200 million funding total and about-130 employee count highlighted on Techmeme.

The quantum-computing push, undisclosed price, named customers, and earnings timing.

What it reports

  • Intel Corp. agreed to buy Israeli startup Classiq Technologies Ltd.
  • The move is framed as part of a push into quantum computing, described as still seeking commercial applications.
  • Intel did not disclose the purchase price.
  • Classiq's clients include BMW AG and AT&T Inc.
  • The announcement comes just ahead of Intel's third-quarter earnings report Thursday.

Leaves out The more-than-$200 million funding total and about-130 employee count highlighted on Techmeme.

Read the original at Bloomberg Read the full article at Bloomberg