IBM and State of Illinois to Build National Quantum Algorithm Center in Chicago with Universities and Industries
Rhea-AI Summary
IBM and the State of Illinois announced a collaboration to establish the National Quantum Algorithm Center in Chicago's Illinois Quantum and Microelectronics Park (IQMP). The center will feature IBM's next-generation Quantum System Two, powered by IBM Quantum Heron, planned for deployment in the coming year.
The initiative brings together IBM, the University of Chicago, and the University of Illinois Urbana-Champaign to advance quantum-centric supercomputing. The system will utilize Qiskit, IBM's quantum software, enabling users to execute complex quantum circuits for scientific research. The center aims to integrate quantum and classical computing to solve complex industry challenges previously inaccessible to traditional computing methods.
Positive
- Strategic expansion into quantum computing market through establishment of major research center
- Deployment of next-generation Quantum System Two strengthens IBM's market position
- Partnership with prestigious universities enhances research capabilities
- Development of practical quantum applications for industry challenges
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, IBM gained 0.93%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Anchored by next-generation IBM Quantum System Two in Illinois Quantum and Microelectronics Park, new initiative will advance useful quantum applications as industries move towards quantum-centric supercomputing
Anchored by IBM and other quantum computing pioneers including the University of
IBM Quantum System Two within the IQMP will be powered by IBM Quantum Heron, which can execute utility-scale algorithms beyond the capabilities of brute-force, classical simulation methods. Users will be able to leverage this system with Qiskit, IBM's performant quantum software, which is designed to be able to extend the length and complexity of quantum circuits to extract accurate results for problems of scientific and research value.
These capabilities will enable
"We are proud of the progress we have made to bring useful quantum technology to the world, and this new partnership with the
"We're making
Within the National Quantum Algorithm Center, quantum information experts, experimentalists, and domain experts across industries will share a unified objective to uncover yet unknown algorithms that leverage quantum-centric computing, including those which combine quantum and classical supercomputing resources across workflows. These teams will explore rigorous experimentation to determine how to execute workloads for complex, industry challenges and within future hybrid supercomputing architectures.
To help drive new algorithm discovery, IBM will leverage its leadership as a pioneer in bringing useful quantum computing to the world with its existing relationships with
"IBM's decision to engage more deeply with our vibrant
"We're thrilled to partner with IBM to bring the National Quantum Algorithm Center to life and look forward to hosting its state-of-the-art Quantum Computer as part of the IQMP," said Harley Johnson, Director and CEO of the Illinois Quantum and Microelectronics Park, and Founder Professor in Mechanical Science and Engineering, U. of I. "The IQMP is building upon
"The great promise of quantum innovation is being realized through powerful partnerships with industry leaders like IBM connecting further to our universities, national labs, and state government," said Rashid Bashir, Dean of The Grainger College of Engineering at the University of Illinois Urbana-Champaign. "Our collaborative ecosystem is perfectly positioned to lead the National Quantum Algorithm Center through world-renowned faculty and students, and an entrepreneurial spirit that answers the most pressing questions of our time."
"The announcement of the National Quantum Algorithm Center in collaboration with IBM and some of our brightest higher education institutions is a pivotal moment in
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit ibm.com for more information.
Media Contact
Chris Nay
IBM Research
cnay@us.ibm.com
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SOURCE IBM