IonQ, a pure-play quantum computing company using trapped-ion technology, agreed to buy Elisity, a zero-trust cybersecurity company, in a $1.3 billion deal. The article says the acquisition gives IonQ a security platform designed to be quantum-proof, since quantum computers could eventually bypass current encryption, and it brings IonQ closer to rivals such as Microsoft, Alphabet and IBM. IonQ is developing a 256-qubit computer expected in early 2027. The stock dropped nearly 10% after the announcement, which the author considers short-sighted.
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