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Quantum computing can support the banking and finance industry at a new level, and explore in an innovative way how we deal with multiple variables
Ali El Hamidi CA CIB

YORKTOWN HEIGHTS, NY – June 6th, 2024 – IBM (NYSE: IBM) and Pasqal, as leaders in superconducting circuit and neutral atom-based quantum computers respectively, today announced their intent to partner to develop a common approach to quantum-centric supercomputing and promoting application research in chemistry and materials science. IBM and Pasqal will work with leading institutions in high-performance computing to establish the foundations for quantum-centric supercomputing — the integration of quantum computing with advanced classical computing to create the next generation of supercomputers.

 

IBM and Pasqal aim to work together to define the software integration architecture for a quantum-centric supercomputer that orchestrates computational workflows across multiple modalities of quantum computers and advanced classical compute clusters. The two companies share the vision for a common approach to integration based on open-source software and involvement of the technical community. IBM and Pasqal plan to co-sponsor a regional HPC technical forum in Germany, with plans to expand this effort in other geographies.

A key aspect of this partnering activity is the shared objective between IBM and Pasqal to foster utility-scale industry adoption in materials science and chemistry; an area where quantum-centric supercomputing shows immediate potential. IBM and Pasqal aim to substantially advance the use of quantum computing for applications in chemistry and material sciences, by harnessing their respective full-stack quantum computing leading roles and by working with the Materials working group established last year by IBM. The group will continue to explore the best methods to build workflows for utility-scale computation for chemistry leveraging a hybrid of quantum and classical computation.

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