Colorado-based ColdQuanta, which uses cold atom tech to build and integrate quantum computers, sensors, clocks, and networks, raised a $110M Series B (Daniel Levi/Tech Startups)

Tory Newmyer / Washington Post:
DARPA is launching a review of cryptocurrencies to assess threats to national security and law enforcement posed by the rise of digital assets  —  New project is part of the U.S. government’s wider crackdown on illicit uses of digital assets  —  The military’s innovation office is launching …

Frederic Lardinois / TechCrunch:
IBM announces its Osprey quantum processor with 433 qubits, up from 127 qubits in the 2021 Eagle processor, and plans to hit 4,000 qubits by 2025  —  IBM wants to scale up its quantum computers to over 4,000 qubits by 2025 — but we’re not quite there yet.  For now, we have to make do with …

Stephen Witt / New Yorker:
A deep dive into the race to develop a quantum computer, which could help address climate change and food scarcity, break current encryption protocols, and more  —  Such a device could help address climate change and food scarcity, or break the Internet.  Will the U.S. or China get there first?

Juro Osawa / The Information:
Sea Ltd., Southeast Asia’s largest internet firm by revenue and market value, has laid off 7,000+ employees, or ~10% of its staff, over the past six months  —  Sea Ltd., Southeast Asia’s largest internet company by revenue and market value, has laid off more than 7,000 employees …

Bloomberg:
Sources: the US is exploring the possibility of new export controls that would limit China’s access to quantum computing technology and AI software  —  The Biden administration is exploring the possibility of new export controls that would limit China’s access to some of the most powerful …

Jeffrey Dastin / Reuters:
Palantir signs a three-year, £75M deal with the UK’s defense ministry, providing software to prompt real-time military actions and predict potential results  —  Palantir Technologies Inc (PLTR.N) has signed a three-year, 75 million pound ($91.39 million) deal with the United Kingdom’s Ministry …