10:37 AM EST, 11/10/2025 (MT Newswires) -- Hewlett Packard Enterprise ( HPE ) said Monday that the company and a group of seven other technology organizations have formed the Quantum Scaling Alliance, an initiative to back quantum computing projects.

HPE Labs' Masoud Mohseni will oversee the initiative and will coordinate efforts among the eight organizations, the company said.

The project was launched to design and develop a useful and cost-effective quantum supercomputer, the company said.

Financial details were not provided.

Price: 24.03, Change: +0.57, Percent Change: +2.45