➀ Q-CTRL, an Australian quantum infrastructure software specialist, has raised $113 million in Series B funding with $59 million in new capital. The round was led by GP Bullhound and included new investors such as Alpha Edison, Lockheed Martin Ventures, and NTT Finance. ➁ Q-CTRL's founder and CEO, Michael Biercuk, emphasizes the importance of software as a key enabler for quantum hardware across various applications. ➂ The funding will be used to expand Q-CTRL's investment in quantum control R&D and product engineering to serve a growing list of clients, including Fortune 500 companies, government departments, and quantum platform providers.

➀ Cerebras Systems, an eight-year-old wafer-scale startup, has filed for an IPO on the Nasdaq; ➁ The company raised $250 million in venture funding in November 2021 and reported revenue of $78.7 million last year; ➂ Cerebras lost $127 million in 2023 and $177.7 million in 2022, with a loss of $66.6 million in H1 2024; ➃ The company's third-generation wafer-scale IC is the largest chip ever sold, designed for AI work.

➀ In the 14th century, Dick Whittington set out for London believing its streets were paved with gold, much like Palo Alto today; ➁ Sam Altman, worth $2 billion, made his first real money in 2012; ➂ OpenAI is seeking $65 billion for expansion, with current spending at $7 billion and expected revenue of $3.7 billion

➀ Reversible computing is a model where the computational process is time reversible, aiming to minimize heat generation; ➁ Vaire Computing is developing near-zero energy chips using reversible computing principles; ➂ The company aims to disrupt the industry with its innovative technology.

➀ The recent 'repurchase agreement' wave in China's venture capital circle has sparked concerns about the sustainability of science and technology investment. ➁ The origin of repurchase terms is discussed, highlighting their overuse in the past decade. ➂ The article contrasts the current situation in Silicon Valley, where companies like OpenAI continue to raise large sums of money, with the concerns in China. ➃ It explores the differences in investment culture and risk tolerance between Silicon Valley and China.