5 years ago

Cambridge Quantum Computing raises $45 million to build 'meaning-aware' language processing on a quantum computer

  • Cambridge Quantum Computing (CQC), a 2014-founded startup, has built “meaning-aware” natural language processing on a quantum computer

  • The system understands both grammatical structure and the meaning of words, in a way that classical computers cannot

  • CQC is in early talks with a medical diagnostics company, exploring if the quantum language processing could be used to speed up diagnoses

  • CQC raised a further $45m earlier this week in a deal that is understood to value the startup at $450m

  • The funding came from its existing corporate backers, Honeywell Ventures, IBM Ventures, JSR Corporation as well as from VCs Serendipity Capital, Alvarium Investments and Talipot Holdings.

      • ProblemTechnology

      "Current AI assistants like Alexa and Siri struggle to understand the true meaning of language, relying on pattern recognition instead of semantic comprehension."

      Solution

      "CQC has developed a quantum natural language processing system that can understand both grammar and meaning, enabling more meaningful interactions with AI assistants."

      Covered on