IBM's Stock Surges Due to Quantum Computing Progress
IBM's stock is experiencing its best day since January, largely due to the company's advancements in quantum computing.
According to a soon-to-be-published paper, IBM has made significant progress in quantum error correction using an AMD chip.
IBM's Quantum Efforts
IBM is known for its diverse range of technologies, but its quantum efforts have garnered increasing attention.
- In June, IBM announced plans to build the world's first large-scale, fault-tolerant quantum computer by 2029.
- This move sets a path towards practical and scalable quantum computing.
IBM's algorithm for error correction can run on AMD chips, according to a research paper reviewed by Reuters.
Author's summary: IBM's stock soars due to quantum progress.
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