IBM opens new centre to house 53-qubit quantum computer

▤ Summary

According to IBM, advances in quantum computing could open the door to future scientific discoveries, such as new medicines and materials, vast improvements in the optimisation of supply chains and new ways to model financial data to make better investments. IBM claimed that, compared with classical Monte Carlo methods, the algorithm ran significantly faster on a quantum computer system. This may allow financial analysts to perform the option pricing and risk analysis in near real time.” The implementation is available as open source in Qiskit Finance. IBM said it has also collaborated with Mitsubishi Chemical and Keio University to simulate the initial steps of the reaction mechanism between lithium and oxygen in lithium-air batteries. For instance, at 2017’s CeBit in Hanover, Volkswagen Group discussed how it was planning to use quantum computers to bolster its digital competency programme in a bid to create an innovative application that cannot be programmed traditionally.

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