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MicroCloud Hologram Inc. Practical Approximate Quantum Multiplier Achieves Low-Depth High-Fidelity Computation

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SHENZHEN, China, July 9, 2026 /PRNewswire/ — MicroCloud Hologram Inc. (NASDAQ: HOLO), (“HOLO” or the “Company”), a technology service provider, has made an important breakthrough centered on the NISQ (Noisy Intermediate-Scale Quantum) environment — the practical approximate quantum multiplier technology. This technology takes approximate computing as its core idea and conducts systematic optimization targeting the two key performance bottlenecks of quantum circuit depth and T-gate count, providing a feasible path that balances efficiency and precision for current noisy quantum devices.

HOLO first started from the most basic arithmetic unit — the adder — and performed a structural reconstruction of the traditional quantum adder circuit. Standard quantum adders usually rely on a bit-by-bit carry propagation mechanism, with circuit depth growing linearly with the number of input bits and requiring a large number of T gates to implement non-Clifford operations. In the newly proposed approximate adder, by weakening the carry precision of some low-weight bits and truncating or simplifying the originally strictly executed carry chain, a constant-depth (O(1)) circuit structure is achieved. This design is not a simple deletion of logic, but ensures through probability analysis and error modeling that the impact of errors on the overall computation remains within an acceptable range.

At the specific implementation level, the technology proposes four approximate adder circuits with different precision levels. These circuits introduce parameterized control mechanisms during design, allowing users to flexibly choose between precision and resource consumption according to specific application requirements. For example, in application scenarios with low error sensitivity, a highly compressed version of the adder can be selected to achieve extremely low circuit depth and T-gate count; while in scenarios requiring higher computational precision, a more complete carry path can be enabled to improve result accuracy. This adjustable precision design concept enables quantum arithmetic modules to possess performance gear characteristics similar to those in classical computing for the first time.

After completing the construction of the approximate adder, HOLO further used it as a core module to build a complete approximate quantum multiplier. Unlike traditional multipliers that rely on multi-stage addition accumulation structures, this multiplier achieves significant simplification of the overall circuit structure by optimizing some product generation paths and combining them with approximate addition units. Particularly in terms of T-gate count, the technology significantly reduces implementation costs by decreasing the number of high-cost non-Clifford gates used. This is especially important in current quantum hardware architectures, because T gates typically require complex fault-tolerant encoding and magic state distillation processes to implement, with resource overhead far higher than that of Clifford gates.

It is worth noting that this approximate multiplier outperforms existing mainstream quantum multiplier schemes in both key metrics of depth and T-count. The reduction in circuit depth means that quantum states are exposed to the noisy environment for a shorter time during evolution, thereby reducing the impact of decoherence; while the reduction in the number of T gates directly lowers the cumulative risk of gate operation errors. This dual optimization enables the multiplier to achieve a higher execution success rate on actual NISQ devices.

To verify the practical effectiveness of this technology, HOLO conducted tests on various quantum simulation environments and real quantum hardware. The experimental results show that, under the same input scale, although the approximate multiplier exhibits slight deviations in result precision, the overall error distribution presents controllable characteristics without systematic bias. At the same time, due to the significant reduction in circuit depth, the fidelity of the final output results is actually superior to that of traditional exact multipliers. This phenomenon indicates that, in noise-dominated NISQ environments, moderate approximation can instead improve overall computational quality.

Further analysis shows that this technology has broad potential in error-tolerant applications. For example, in quantum machine learning tasks, the model itself has certain robustness to small perturbations in input data, so the approximate multiplier can fully replace exact arithmetic modules, thereby significantly reducing training costs. In quantum optimization problems, the objective function usually has smooth characteristics, and local errors do not significantly affect the search process for the global optimal solution, which also provides application space for approximate computing.

From an engineering implementation perspective, this technology also possesses good scalability. Since its core structure is based on a modular adder design, it can be easily integrated into more complex quantum arithmetic systems, such as quantum dividers, exponential operation modules, and polynomial computation circuits. In addition, the design is compatible with existing quantum compilation frameworks and can be directly mapped for execution on mainstream quantum hardware platforms without requiring additional hardware support.

At a more macroscopic level, this technology reflects an important development trend: quantum algorithm design is shifting from theoretical optimality to engineering usability. In the past, research focus was often on the asymptotic advantages of algorithm complexity, but now, under hardware-constrained real-world conditions, how to reduce resource consumption and improve execution success rate is becoming a more critical evaluation criterion. The introduction of approximate computing is a typical embodiment of this shift.

In the future, this technology is expected to become an important component in building practical quantum software stacks. As the scale of quantum hardware gradually expands and algorithm complexity continues to increase, the performance requirements for underlying arithmetic modules will also keep rising. Approximate computing strategies can not only be applied to multiplication operations but can also be extended to a wider range of quantum logic designs, thereby forming a complete set of low-resource quantum computing methodologies.

HOLO’s practical approximate quantum multiplier technology for NISQ devices not only achieves breakthroughs in technical indicators but also provides a new direction of thinking at the methodological level. It demonstrates that, in the current transitional stage of quantum computing development, the limitations caused by insufficient hardware can be effectively compensated by introducing cross-disciplinary ideas and performing engineering optimizations. This practicality-oriented innovation path may become an important driving force for advancing quantum computing from the laboratory to industrial applications.

About MicroCloud Hologram Inc.

MicroCloud Hologram Inc. (NASDAQ: HOLO) is committed to the research and development and application of holographic technology. Its holographic technology services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithm architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology, providing services to customers offering holographic advanced driving assistance systems (ADAS). MicroCloud Hologram Inc. provides holographic technology services to global customers. MicroCloud Hologram Inc. also provides holographic digital twin technology services and owns proprietary holographic digital twin technology resource libraries. Its holographic digital twin technology resource library utilizes a combination of holographic digital twin software, digital content, space data-driven data science, holographic digital cloud algorithms, and holographic 3D capture technology to capture shapes and objects in 3D holographic form. MicroCloud Hologram Inc. focuses on the development of quantum computing and quantum holography. With cash reserves exceeding 390 million USD, the company plans to invest over 400 million USD in blockchain development, quantum computing R&D, quantum holography technology, as well as in the development of derivatives and technologies in cutting-edge fields such as AI, AR, and more. MicroCloud Hologram Inc.’s goal is to become a global leader in quantum holography and quantum computing technologies. 

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic; financial condition and results of operations; the expected growth of the holographic industry and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (“SEC”), including the Company’s most recently filed Annual Report on Form 10-K and current report on Form 6-K and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

 

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SOURCE MicroCloud Hologram Inc.

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Lightyear Announces Winners of 2026 Luminaries of Telecom Awards

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November 6, 2026

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NEW YORK, Nov. 6, 2026 /PRNewswire/ — Lightyear, Telecom’s System of Action, today announced the winners of its fourth annual Luminaries of Telecom Awards, recognizing the people, teams, and organizations driving innovation and transformation across enterprise telecom.

For the first time, the awards were presented live at Layer8 by Lightyear, the company’s inaugural one-day industry event held in NYC on November 4, 2026. This year’s program recognized enterprise leaders and teams across four categories:

Platform ExcellenceAI TrailblazerDream TeamTransformation of the Year

The 2026 Luminaries Awards celebrate the individuals and organizations pushing the boundaries of what’s possible in telecom, from embracing AI-driven operations to transforming network procurement, telecom management, and collaboration.

2026 Award Recipients

Platform Excellence

Recognizing individuals who demonstrate exceptional use of the Lightyear platform through rapid implementation, innovative application, and measurable business impact.

Winners:

Motorola Solutions: Nicole Pagliaro-Mojica, Sr. Manager I, IT Network Business Operations, Telecom Services; Yader Rodriguez, Network Engineer; and Tina Covert, Network & Telecom Sr. Project ManagerRise Internet: Duane Zechmann, Field Engineering Manager

AI Trailblazer

Celebrating the forward-thinking leaders putting agentic AI to work in network operations to streamline processes, improve efficiency, and deliver meaningful business outcomes.

Winners:

The Trade Desk: Aftab Ali, Head of Infrastructure BizOps, and Kazuma Nagatori, Lead Staff Network EngineerElauwit Connection: Taylor Jones, President and CTO

Dream Team

Recognizing IT teams that exemplify exceptional collaboration, leveraging technology and strategic processes to work more effectively and deliver stronger outcomes across their organizations.

Winners:

FactSet: Umer Malik, Associate Director of Data Centers and Network Operations

Transformation of the Year

Honoring organizations that have leveraged Lightyear to fundamentally transform their network infrastructure while establishing best-in-class approaches to telecom procurement and vendor management.

Winners:

Honeywell Aerospace: Todd Stewart, Vice President of Network, Infrastructure, Computing, and SupportSolstice Advanced Materials: Bryan Adcock, Senior Strategic Sourcing Manager of Global IT Procurement and Steve Delatte, IT Director

Celebrating the People Moving Telecom Forward

“Telecom is at an inflection point. AI is changing what’s possible in network operations, but successful transformation still comes down to the people willing to challenge the status quo and rethink how things have always been done,” said Dennis Thankachan, CEO and Co-Founder of Lightyear. “This year’s Luminaries represent exactly that mindset. They’re not just adopting new technology; they’re putting it to work to drive real change across their organizations. We’re proud to be a part of their journeys and even more excited about what’s ahead for this industry.”

Lightyear congratulates all of this year’s winners and finalists and extends its sincere appreciation to the judging panel and event hosts for their time, expertise, and contributions to the program.

Congratulations to the 2026 Luminaries. We’ll see you next year!

About Lightyear

Lightyear helps more than 450 enterprises procure, manage, and pay for telecom services through one connected platform. Its Procurement, Network Inventory Management, and Expense Management products combine software, AI agents, proprietary data from 1,200+ carriers, and telecom experts to reduce costs, save time, and maintain control across the service lifecycle.

Media Contact

Caroline Colwell
caroline@lightyear.ai

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John Summit Brings Experts Only to Big Sky for Two Headline Shows, March 13-14, 2027

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November 6, 2026

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Event marks Montana debut for John Summit and the exclusive Experts Only ski weekender in the U.S. in 2027

BIG SKY, Mont., Nov. 6, 2026 /PRNewswire/ — Outlaw Partners is pleased to announce that Experts Only is heading to Big Sky. John Summit Presents Experts Only Big Sky will take over the Big Sky Events Arena for two headline shows on Saturday, March 13 and Sunday, March 14, 2027. It will be John Summit’s first time performing in Montana and the only Experts Only ski weekender in the U.S. in 2027.

Presented by Experts Only and produced by Outlaw Partners, the weekend will bring together some of the world’s best DJs, live music, skiing, wellness activities, and more, all in one of the most spectacular mountain settings in North America. The Big Sky Events Arena sits in Big Sky’s Town Center, with the 11,166-foot Lone Mountain as the backdrop.

“We’re honored to partner with John Summit and the Experts Only team to bring this incredible electronic music and ski lifestyle event to Big Sky,” said Megan Paulson, Co-Founder and Chief Marketing Officer of Outlaw Partners. “The caliber of John and the Experts Only artists, set against a one-of-a-kind mountain backdrop and the ski lifestyle that defines Big Sky, makes this a weekend fans will not want to miss. It’s a once-in-a-lifetime experience, and we can’t wait to share it.”

“I’ve always wanted to go to Montana and throw an event there as I’ve only heard amazing things,” said John Summit. “Big Sky has been on our radar for a while so it was a no-brainer to bring Experts Only there. You know we’ll go all out as we always do with parties all over the mountain, It’s gonna be a fun one!”

Big Sky is an iconic location, and John Summit has become an icon in his craft. Together they promise a landmark weekend. With no mainstream festivals on John Summit’s 2027 schedule, the Big Sky stop will be a unique opportunity to see him.

Tickets include GA, VIP and VVIP options, and fans are expected to travel from around the country for the weekend. Demand is expected to be high and tickets are expected to sell out, so fans are encouraged to secure them early for the best access.

Early Access presale: Experts Only Big Sky presale tickets on Tuesday, November 10 at 10 a.m. MT.Public on-sale: Tickets go on sale to the general public on Wednesday, November 11 at 10 a.m. MT.

To register for presale ticket access visit – expertsonly.lnk.to/skiweekenders2027. Stay tuned for more event updates and information in the coming months.

About John Summit

John Summit is one of the most in-demand names in global dance music. The superstar DJ, producer, and label owner has amassed over three billion global streams, scored two #1 U.S. dance radio hits, and landed eleven Top 10 tracks on the Billboard Hot Electronic/Dance Songs chart. Known for his explosive live shows, Summit consistently sells out iconic venues worldwide, including New York City’s Madison Square Garden and Los Angeles’ Coliseum.

His global ascent shows no signs of slowing. From his debut Ibiza residency, headlining nine Mondays at [UNVRS], to a hometown headline set at Lollapalooza, he continues to command stages worldwide. Behind the scenes, Summit is a meticulous and thoughtful artist. Formerly a CPA by day and music tutor by night, he now spends long hours in the studio crafting dynamic, emotionally resonant tracks. He has headlined festivals around the world and produced unforgettable events in unique locations — from the hills of Tennessee to snowy takeovers in Vail, Colorado, and Tahoe, Nevada — all under the banner of his label and brand, Experts Only. Founded in pursuit of complete creative freedom, Experts Only is a global movement built on the principle of music without limits — blending house, techno, melodic, and everything in between. Summit’s global hits like “Where You Are” (feat. HAYLA), “Human” (feat. Echoes), and “Go Back” with Sub Focus (feat. Julia Church) reflect that ethos. In September 2026, the Chicago native turned Miami resident brought his groundbreaking Experts Only Festival back to New York for its second edition, drawing 60,000 fans to Randall’s Island for two days of high-octane performances.

He released his debut album Comfort In Chaos in 2024. Exploring themes of vice and virtue, highs and lows, and the duality of the human experience, the album reveals the man behind the icon, pairing Summit’s signature dancefloor energy with raw emotion and introspection. Building on this duality, Summit released his subsequent album CTRL ESCAPE on April 15th – reframing that tension through a new lens: the clash between 9–5 monotony and the electric release of the rave. Sonically and visually tracing Summit’s path from accountant to artist, the project positions music not just as an escape, but as a communal force—where collective euphoria becomes both rebellion and belonging. His impact on dance music has earned him nominations at the Billboard Music Awards, American Music Awards, and iHeartRadio Music Awards. He is now gearing up for his biggest headline run to date, the North American CTRL ESCAPE arena tour, further cementing his status as one of the few dance artists to achieve arena-level success.

About Experts Only

Experts Only is more than a record label—it’s a global movement born from John Summit’s pursuit of total creative freedom. Founded on the ethos of music without limits, Experts Only refuses to be boxed in, embracing a bold, genre-defying sound that spans house, techno, melodic, and everything in between. Since its inception, the label has become a platform for fearless artistry, showcasing standout releases from cutting-edge talents like Mau P, Kaskade, Odd Mob, Layton Giordani, Cassian, Max Styler, and Summit himself.

But Experts Only goes far beyond the studio. It’s reshaping the idea of a live dance-music experience, hosting unforgettable events in unlikely settings—from cave raves tucked in the Tennessee hills to snowy mountain takeovers in Vail, Colorado and Tahoe, Nevada, all the way to the lush jungles of Tulum. The brand has scaled internationally to places like Ibiza and Amsterdam, where few American DJs have made such an impact, and has made its mark on major festivals like Bonnaroo with its own curated stage. Experts Only wrapped its second annual festival on NYC’s Randall’s Island this year, following its 2025 debut and drawing more than 60K fans. The label was also named Label of the Year at the 2025 Powertools Awards on SiriusXM.

At its core, Experts Only is building a tightly connected global community—artists and fans united by a love of dance music that challenges the norm and hits deeper. Every release, every event, and every experience is a testament to the label’s mission: to push boundaries, set trends, and create a world where true creative expression reigns.

About Outlaw Partners

Founded in 2009, Outlaw Partners is an award-winning events, media and marketing company based in Big Sky and Bozeman, Montana. Outlaw is a passport to the Western lifestyle, building connections, creating experiences and inspiring action across its diverse business ecosystem.

Outlaw produces hand-curated events throughout Southwest Montana, including the 12x national event-of-the-year Big Sky PBR (Professional Bull Riding), community rodeos and more. Its seventh annual Wildlands Music, held at the Big Sky Events Arena with 11,166-foot Lone Peak as its backdrop, has grown into one of the region’s signature live music experiences, hosting artists including Carrie Underwood, Dave Matthews, Foo Fighters, Brandi Carlile, Riley Green and Lord Huron, among others.

Outlaw’s award-winning media portfolio, including Mountain Outlaw magazine, Explore Big Sky and Explore Yellowstone, tells the stories of the American West. Through events and media, Outlaw supports community organizations and creates experiences and content that capture the unique spirit of Montana and the greater Yellowstone.

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PG&E Corporation Foundation Awards $327,500 in STEM College Scholarships

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20 minutes ago

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November 6, 2026

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Celebrating National STEM Day on Nov. 8 by Helping Students Pursue STEM Careers

Link to B-roll video and soundbites of STEM recipients

OAKLAND, Calif., Nov. 6, 2026 /PRNewswire/ — The PG&E Corporation Foundation (PG&E Foundation) awarded $327,500 in scholarships to dozens of students pursuing degrees in science, technology, engineering and math (STEM) at colleges and universities across California and Historically Black Colleges and Universities (HBCUs) nationwide.

As communities celebrate National STEM Day on Nov. 8, the PG&E Foundation reaffirms its commitment to building tomorrow’s workforce through investments in STEM education and scholarships.

This year, scholarships in the amounts of $2,500, $5,000 and $10,000 are being granted to 57 students from across Pacific Gas and Electric Company’s (PG&E) service area through the program.

Since 2012, the Better Together STEM Scholarship Program has awarded nearly $8 million to accomplished students. This contribution is funded by PG&E shareholders and is not recovered through customer rates.

By investing in STEM education, the Foundation helps inspire curiosity, creativity, and innovation while empowering students to develop solutions and technologies that can make a positive impact in their hometown communities and beyond.

Scholarship recipients include Quennel Kempe of Fresno and Caden Kelly of Shingle Springs. Both students attend UC Berkeley. Kempe received a $5,000 scholarship and Kelly received a $2,500 scholarship.

“Receiving the PG&E STEM Scholarship shows me that my community believes in me. The financial assistance and encouragement give me the confidence to achieve my goals and make a greater impact in the future,” said Kempe, who is studying computer science. 

“The PG&E STEM Scholarship has given me the freedom to focus fully on my education without the added stress of financial challenges. It also serves as a reminder of the values I want to carry forward, using my education to give back to my community, supporting others and helping make STEM opportunities more accessible for future generations,” said Kelly who is studying electrical engineering.

Scholarships are based on academic achievement, demonstrated participation and leadership in school and community activities, and financial need. Recipients may reapply annually for up to five years.

Watch PG&E’s video series of past STEM scholar recipients.

“We hope these students discover a path in science, technology, engineering, and math that not only leads to new innovations and breakthroughs but also brings them fulfillment and a sense of purpose. We are proud to support them on their journey as they pursue their higher education goals and dreams,” said Carla Peterman, President, PG&E Corporation, and Chair of The PG&E Corporation Foundation Board.

Scholarship recipients must plan to enroll in full-time undergraduate study for the entire 2026-2027 academic year and pursue their first undergraduate degree at an accredited four-year institution in California. HBCU eligibility was recently added after an increasing number of applicants were admitted to historically Black colleges and universities, none of which are in California.

Employees Supporting Local Scholars

In addition to the Better Together STEM Scholarship Program, PG&E’s 11 employee resource groups (ERGs) and three engineering networking groups (ENGs) award scholarships to help offset the cost of higher education. The funds are raised entirely from employee contributions through direct donations, fundraising events and the company’s employee giving program known as Campaign for the Community. Since 1989, more than $6 million ERG/ENG Scholarships has been raised and awarded to thousands of our hometown students.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com/ and http://www.pge.com/about/newsroom/.

About The PG&E Corporation Foundation
The PG&E Corporation Foundation is an independent 501(c)(3) nonprofit organization, separate from PG&E and sponsored by PG&E Corporation.

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SOURCE Pacific Gas and Electric Company

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