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Google backs German startup Proxima Fusion aiming for Europe\'s first commercial fusion power plant

Google has invested in German startup Proxima Fusion, which is aiming to build Europe’s first commercial nuclear fusion power plant. Proxima Fusion said it closed a 411 million euro funding round, valuing the company at $2.7 billion. The round was led by XTX Ventures and EastX Ventures, with RWE and Google as strategic investors. The company is developing a stellarator and targets an early-2030s demonstration plant and a commercial facility later in the decade.

AI & Enterprise

MegazoneCloud to cooperate with Pasqal on quantum computing business in South Korea

MegazoneCloud said on Tuesday it will cooperate with global neutral-atom quantum computing company Pasqal to help expand adoption of quantum computing in South Korea. The companies plan to integrate Pasqal\'s quantum processing unit with MegazoneCloud\'s WAVE service, jointly develop industry use cases, and support on-premises quantum computer deployments for domestic customers. They also plan seminars, workshops and joint solution demonstrations across finance, logistics, bio and manufacturing.

AI & Enterprise

AWS aims to offer fault-tolerant quantum computer cloud service with QuEra Computing

Amazon Web Services said on Sunday it is expanding cooperation with neutral-atom quantum computing firm QuEra Computing and plans to offer the fault-tolerant quantum computer Libra via Amazon Braket by 2028. AWS said quantum computers face inherent limits because qubits are prone to errors from small environmental changes, and fault-tolerant computing uses error correction to overcome them. It said Libra is designed to run more than 1 million quantum operations on hundreds of logical qubits.