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IBM Launches $100 Million Partnership with Global Universities to Develop Novel Technologies Towards a 100,000-Qubit Quantum-Centric Supercomputer

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Landmark 10-year partnerships with the University of Tokyo and the University of Chicago to develop a new paradigm of high-performance computing

IBM Quantum milestones to lay foundation for integration of large-scale classical and quantum systems

Collaborations will develop detailed blueprint to pioneer quantum-centric supercomputing

HIROSHIMA, Japan, May 21, 2023 /PRNewswire/ — At the G7 Summit in Japan, IBM (NYSE: IBM) announced a 10-year, $100 million initiative with the University of Tokyo and the University of Chicago to develop a quantum-centric supercomputer powered by 100,000 qubits.

Quantum-centric supercomputing is an entirely new, and as of now, unrealized, era of high-performance computing. A 100,000-qubit system would serve as a foundation to address some of the world’s most pressing problems that even the most advanced supercomputers of today may never be able to solve.

For example, such a powerful quantum system could unlock entirely new understandings of chemical reactions and the dynamics of molecular processes. In turn, this could enable researchers to help study climate change through modeling better methods to capture carbon; discover materials to build batteries for electric vehicles and energy grids towards the goal of being cleaner and more sustainable; and uncover more effective and energy-efficient fertilizers.

To usher in this powerful new paradigm, a global collaboration and an activation of talent and resources across industries and research institutions is being initiated. By partnering with the University of Chicago, the University of Tokyo, and IBM’s broader global ecosystem, IBM will work over the next decade to advance the underlying technologies for this system, as well as to design and build the necessary components at scale. 

Moving forward, IBM intends to expand these partnerships to include Argonne National Laboratory and Fermilab National Accelerator Laboratory, both of which are members of the Chicago Quantum Exchange and home to two respective Department of Energy quantum hubs. Importantly, the two laboratories offer capabilities and expertise that can facilitate delivering the technologies envisaged in the race to build a quantum-centric supercomputer.

“Over the past several years, IBM has been at the forefront of introducing quantum technology to the world,” said Arvind Krishna, Chairman and CEO, IBM. “We have achieved significant progress along our roadmap and mission to globally establish useful quantum technology, so much so that we can now, with our partners, truly begin to explore and develop a new class of supercomputing anchored by quantum.”

“Achieving breakthroughs at scale in quantum technology requires deeply rooted and productive collaboration around the world and across a broad range of industry, academic, and government partners,” said Paul Alivisatos, President of the University of Chicago. “Quantum information science and technology is at a crossroad where foundational discovery and technical innovation will combine to create real breakthroughs. The University of Chicago is thrilled to partner in this endeavor.”

“We expect our partnership will lead to scientific breakthroughs, acceleration of the adoption of quantum computing for the coming era, and active engagement into the critical societal challenges of humanity. We also aim to contribute to the realization of a better future society by nurturing diverse talents,” said Dr. Teruo Fujii, the President of the University of Tokyo.

Building the Blocks of Quantum-Centric Supercomputing

The plans for this quantum-centric supercomputer are expected to involve innovations at all levels of the computing stack, and encompass the convergence of the fields of quantum computing and quantum communication, as well as the seamless integration of quantum and classical workflows via the hybrid cloud.

Because such a computer has never been made before, the first step will be to lay out a blueprint. The design will have to integrate classical computers and quantum computers – a challenging task to date – as well as break new ground in quantum communication and computing technology.

The foundation of this system will include milestones IBM has already outlined on its Quantum Development Roadmap. This includes the ability to scale and connect growing numbers of quantum processors through quantum interconnects, as well as technology to mitigate errors to fully harness noisy yet powerful quantum processors.

By the end of 2023, IBM intends to debut three cornerstones of its necessary architecture for quantum-centric supercomputers. One is the new 133-qubit ‘IBM Heron’ processor. This processor is a complete redesign of IBM’s previous generations of quantum processors, with a new two-qubit gate to allow higher performance. It will also be compatible with future extensions to enable modular connected processors to grow the size of the computer.

The second is the introduction of IBM Quantum System Two. The new flagship system is designed to be modular and flexible to introduce elements of scaling in its underlying components, including classical control electronics and high-density cryogenic wiring infrastructure. This system is targeted to be online by the end of 2023.

The third is the introduction of middleware for quantum, a set of tools to run workloads on both classical and quantum processors. This includes tools for decomposing, parallel execution, and reconstructing workloads to enable efficient solutions at scale.

Over the next decade, IBM plans to work with university partners and its worldwide quantum ecosystem to evolve how its quantum processors can be connected via quantum interconnects. This work will aim to enable high-efficiency, high-fidelity inter-processor quantum operations and a reliable, flexible, and affordable system component infrastructure to allow scaling to 100,000 qubits.

IBM’s collaboration with the University of Chicago will build upon the Chicago area’s strengths in quantum research. The University of Chicago seeded the region’s quantum ecosystem more than a decade ago with the decision to make quantum technology a focus of what is now the Pritzker School of Molecular Engineering. Chicago has arguably become one of the leading global hubs for research in quantum technology and home to one of the largest quantum networks in the country. Scientists from the University of Chicago-headquartered Chicago Quantum Exchange, which includes Argonne National Laboratory and Fermilab National Accelerator Laboratory, four universities, more than 40 industry partners, and researchers at other world-class academic institutions in the region will continue to expand the understanding and utilization of quantum technology. 

In conjunction with IBM, researchers at the University of Tokyo have been pushing forward on topics such as the detailed analysis of noise deep inside quantum processors, the development of efficient computation for quantum artificial intelligence, and quantum chemistry simulation with classical-quantum hybrid computations.

For more about the path to a 100,000-qubit quantum-centric supercomputer, read the IBM Research blog.

Statements regarding IBM’s future direction and intent are subject to change or withdrawal without notice and represent goals and objectives only.

About IBM

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Visit www.ibm.com for more information.

MEDIA CONTACTS

Steven Tomasco 
IBM Communications
stomasc@us.ibm.com

Erin Angelini 
IBM Communications
edlehr@us.ibm.com

 

 

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Chemours Announces Dates for Third Quarter 2026 Earnings Release and Webcast Conference Call

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WILMINGTON, Del., Oct. 21, 2026 /PRNewswire/ — The Chemours Company (“Chemours” or “the Company”) (NYSE: CC) today announced that the Company expects to issue its third quarter 2026 financial results after market on Monday, November 2, 2026.

The Company expects to hold its conference call to discuss its third quarter 2026 financial results at 8:00 a.m. Eastern Standard Time on Tuesday, November 3, 2026. The call is open to the public and can be accessed via the webcast information below. The webcast and materials can be accessed by visiting the “Events and Presentations” section of the Investor Relations section of Chemours’ website at investors.chemours.com.

Conference Call: Please visit investors.chemours.com for a link to the live webcast and to view the accompanying slides.

Replay: A webcast replay will be available at investors.chemours.com.

About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers’ biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 5,700 employees and 28 manufacturing sites and serves approximately 2,400 customers in approximately 110 countries. For more information, visit chemours.com or follow us on LinkedIn. 

CONTACTS:

INVESTORS
Brandon Ontjes
Vice President, Head of Strategy & Investor Relations
+1.302.773.3300 
investor@chemours.com 

NEWS MEDIA
Cassie Olszewski
Media Relations & Reputation Leader
+1.302.219.7140
media@chemours.com  

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SOURCE The Chemours Company

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AGEDB Announces Preliminary Technical Evaluation of Graph Database and AI Data Platform Opportunities

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VANCOUVER, BC, Oct. 21, 2026 /CNW/ — AGEDB Technology Ltd. (TSXV: AGET) (“AGEDB” or the “Company”) announces that it is evaluating opportunities to re-engage in its historical graph database business area through preliminary architectural design and technical assessment of potential AI data platform applications, following its entry, on September 16, 2026, into a memorandum of understanding (the “MOU”) with a Korea-listed company exploring opportunities to enter the AI sector (the “Korean Company”).

The Company previously disclosed that it had discontinued its graph database management system operations during the year ended April 30, 2025 and was seeking new business opportunities. The Company is now assessing potential opportunities to leverage its existing Apache AGE-related technology and experience. These preliminary evaluations should not be interpreted as a resumption of full-scale development or commercial operations.

Under the MOU, AGEDB and the Korean Company contemplate evaluating an integrated package combining locally installed PostgreSQL and Apache AGE relationship-analysis database technology with an AI agent. The MOU also contemplates a separate “Personal AI Operating System” evaluation track, referred to as “AGE Brain,” for potential use in user-controlled computing environments. The proposed applications remain conceptual and subject to further technical and commercial assessment.

The contemplated preliminary work includes architectural design and technical evaluation of approaches to connecting relational data with graph-based relationships and supporting AI-assisted information retrieval and analysis. The parties may consider proof-of-concept testing and pilot activities, but no timeline or commitment to undertake such activities has been established under the MOU.

The MOU has a one-year term. Except for provisions expressly identified as binding, it is non-binding and does not require either party to complete development, launch or commercialize a product, make an investment, commit personnel, pay development fees, or enter into a definitive commercial agreement. Specific project scope, deliverables, schedules, responsibilities, costs and any commercialization terms remain subject to further discussions and, where applicable, separate written agreements. Each party will bear its own evaluation costs unless otherwise agreed in writing.

The Company’s evaluation remains preliminary. No product launch, commercial revenue or definitive commercialization arrangement has been agreed, and there can be no assurance that the parties will proceed with development, that the proposed platform will be completed or commercialized, or that the Company will obtain the resources required to advance the opportunity.

AGEDB may also explore potential collaborations with AI development companies in Korea and other markets, subject to available resources and further assessment.

AGEDB Technology Ltd.

On behalf of the board of directors,

“Jungsoo Kim”
CEO

About AGEDB Technology Ltd.

AGEDB Technology Ltd. is a technology company listed on the TSX Venture Exchange under the symbol “AGET.” The Company is focused on developing and pursuing opportunities in data intelligence, graph database technology and applied artificial intelligence.

Forward-Looking Information

This news release contains forward-looking information, including statements regarding the Company’s development activities, the proposed AI data platform, potential proof-of-concept and pilot activities, and possible future collaborations and commercialization. Forward-looking information is based on management’s current expectations and assumptions and is subject to risks and uncertainties that could cause actual results to differ materially. The memorandum of understanding is generally non-binding, and there can be no assurance that the parties will proceed with or complete any development, pilot, product launch or commercial arrangement, or that AGEDB will enter into additional collaborations. Readers are cautioned not to place undue reliance on forward-looking information. AGEDB undertakes no obligation to update such information except as required by applicable securities laws.

SOURCE AGEDB Technology Ltd.

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Bose Corporation Acquires Skullcandy, Expanding Its Consumer Audio Portfolio to Reach New Audiences

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Acquisition follows a successful partnership between the two companies and advances Bose’s evolution into a multi-brand products and technology company

FRAMINGHAM, Mass. and PARK CITY, Utah, Oct. 21, 2026 /PRNewswire/ — Bose Corporation, a global leader in audio innovation and research, announced today it has acquired Skullcandy, a lifestyle audio brand known for its bold products that bring together sound, style and performance. Bose and Skullcandy have each spent decades finding new ways to bring people closer to the music they love. Together, they’ll combine Bose’s audio expertise, technology and global reach with Skullcandy’s design, understanding of its consumers and authentic community connections to create new products and experiences and accelerate growth.

The acquisition follows a multi-year partnership that has already brought Sound by Bose technology to Skullcandy earbuds and headphones. The companies have seen firsthand how their strengths can come together to create products consumers love while staying true to what makes Skullcandy special, providing a foundation to accelerate further collaboration and innovation.

With a strong position at the intersection of audio, lifestyle and culture, Skullcandy will remain a separate brand within Bose’s Premium Consumer Audio business. Skullcandy’s deep roots in boardsports, including longstanding relationships with passionate supporters of the culture and its athletes, and authentic connections across music, gaming, fitness and other communities present new ways for Bose to meaningfully connect with consumers where it has less presence today.

“For more than 60 years, Bose has been committed to delivering incredible audio experiences however and wherever people choose to listen. As we work to reach even more people, we’re expanding how we do that, not only through Bose products, but through technology partnerships and a growing portfolio of brands,” said Lila Snyder, Chief Executive Officer of Bose Corporation. “As a privately held company, we have the freedom to make bold, long-term investments in opportunities we believe in, and Skullcandy is a great example of that. They have an established, thriving brand, and together we see tremendous opportunity to create new products and experiences and reach more consumers around the world.”

“We believe this is a win for Skullcandy and our fans,” said Brian Garofalow, Chief Executive Officer of Skullcandy. “Skullcandy was born on a chairlift in Park City, Utah, over 20 years ago, and we’ve always believed great music should be part of the experiences people love. Joining Bose gives us the opportunity to make those experiences even better by bringing more of their audio expertise and technology to our products, and it opens up even more ways to take Skullcandy further.”

Bose plans to invest in Skullcandy’s continued growth, providing greater access to technology, resources, global distribution and commercial relationships while giving the brand the freedom to continue evolving in ways that are authentic to its identity and consumers. Skullcandy will continue to be based in Park City, Utah.

Bose acquired Skullcandy from a fund managed by Mill Road Capital Management LLC, a Connecticut-based private investment firm. Jones Day acted as Bose’s legal counsel. Additional information, including financial and other terms of the transaction, will remain confidential.

About Bose Corporation
Bose Corporation is a global leader in audio innovation, driven by a singular belief: sound has the power to transform the way people connect with the world. For more than 60 years, Bose has combined pioneering research, engineering excellence, and a deep understanding of human perception to create products and technologies that deliver extraordinary experiences. Through its portfolio of iconic brands, including Bose, McIntosh, Sonus faber, and Skullcandy, the company offers premium and luxury audio solutions for the home, on the go, and in the car. Bose also collaborates with leading companies across industries, extending its audio expertise and technologies into new products, platforms, and applications beyond its own brands. 

Guided by a relentless spirit of innovation and a passion for what sound makes possible, Bose continues to advance the science and art of sound while expanding its impact on everyday life. From music and entertainment to communication, wellness, and emerging applications, Bose is creating new ways for people around the world to feel more connected, inspired, and engaged through the power of sound.

About Skullcandy
Founded in 2003 on a chairlift in Park City, Utah, Skullcandy is the original lifestyle audio brand. With deep roots in action sports culture, Skullcandy creates headphones, earbuds, and speakers that deliver powerful sound, bold style, and immersive experiences. Designed to move with you—from the mountains to the streets—Skullcandy gear is built to perform and made to stand out. Learn more at www.Skullcandy.com.

Contact

Joanne Berthaume
Joanne_berthaume@bose.com

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SOURCE Bose Corporation

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