IBM's Stock Surges Due to Quantum Computing Progress
Shares of International Business Machines Co. are having their best day since January, driven by optimism around the company's quantum-computing efforts.
IBM is known for its various technologies, but its quantum efforts have been gaining more attention. The company announced a plan in June to build the world's first large-scale, fault-tolerant quantum computer by 2029, aiming for practical and scalable quantum computing.
- IBM's plan to build a large-scale, fault-tolerant quantum computer by 2029
- Development of an algorithm to enable error correction on AMD chips
IBM's quantum efforts have been getting more attention
A soon-to-be-published IBM paper discusses progress made in quantum error correction using an AMD chip, as reported by Reuters.
Author's summary: IBM's stock surges due to quantum progress.
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