Quantinuum and IBM to jointly grow quantum ecosystem

Quantinuum and IBM to jointly grow quantum ecosystem

Business news |
Quantinuum announces a new investment by IBM, extending capabilities with IBM Quantum systems in joint commitment to grow the quantum ecosystem.
By Jean-Pierre Joosting

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Quantinuum has announced an agreement with IBM to expand the IBM Quantum Hub with Cambridge Quantum Computing Limited, providing clients with greater access to IBM’s quantum computing systems, including IBM’s recently announced 127 qubit processor, “Eagle,” as well as to IBM’s quantum expertise and Qiskit, to drive and develop the quantum ecosystem. IBM’s investment in Quantinuum was facilitated by IBM Ventures.

“We are expanding access to IBM Quantum hardware and Qiskit, providing our clients with solutions developed for state-of-the-art quantum computing hardware. We continue to utilize a broad range of quantum processors including IBM, given their position as a leader in superconducting quantum computers, a critical and important part of the growth in the capabilities of quantum computers,” said Quantinuum CEO Ilyas Khan. “IBM has been a great advocate for the creation of a growing quantum ecosystem as well as an early investor in Cambridge Quantum and now Quantinuum. We look forward to opening up a wide range of possibilities to further advance quantum computing industry applications.”

Quantinuum is a result of the combination of two leaders in the global eco-system for quantum computing: Honeywell Quantum Solutions and Cambridge Quantum. This new investment and business collaboration provides an example of how Quantinuum is poised to accelerate the development of quantum computing and innovation of quantum technologies to deliver real-world quantum-enabled systems for some of the most intractable problems that classical computers have not been able to solve.

Quantum computing is expanding rapidly and is poised to disrupt markets such as the optimization of managing complex logistics, routing, and supply chains. A similar situation is the power sector, which is experiencing major disruptions due to innovations in renewable energy resources, energy storage, and regulatory reform. 

Classical computers struggle to solve optimization problems because of the huge number of ever-changing variables. Currently, the reality of an extended supply chain or distribution network is beyond what the best classical computer can solve. Quantum computers harness unique properties of quantum physics that enable them to examine all possible answers simultaneously and then concentrate the probable output of the computation onto the best option.

www.quantinuum.com

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