Quantinuum, a company known for machine learning specialties, and forging fresh frontiers for quantum computing, on the 27th of February has entered a globally significant alliance, with US giant IBM which has also invested in the Cambridge-based business. The association will facilitate the expansion of IBM Quantum Hub along with Cambridge Quantum Computing Limited. With this move, IBM Quantum Hub will provide greater access to the clients.
Quantinuum is best known for its quantum-inspired processors, which use silicon chips to simulate quantum properties and deliver performance comparable to quantum processing with extremely low power requirements.
IBM says it has joined forces with the Institute to “expand the range of world-leading quantum technologies, increase access and accelerate innovation in the emerging quantum computing market.”
Why The Acquisition Is Important?
IBM is transforming how organizations can accelerate the realization of their business and social outcomes using quantum computing. IBM Quantum Hub has recently launched a multi-year collaboration with ExxonMobil aimed at speeding up the development of quantum applications for materials science, chemistry, and AI, through the potential to dramatically improve the oil industry’s workload in tackling some of its most complex challenges.
The partnership will lead to an optimum collaboration between IBM’s recently announced 127-quit processor, ‘Eagle,’ IBM Quantum Hub, Qiskit, and Quantunuum to drive, develop and fuel quantum ecosystem.
Honeywell Quantum Solutions and Cambridge Quantum, two leading players in the global quantum computing ecosystem, have announced complete integration plans to form a new unified entity, Quantinuum.
Quantinuum has opened its doors as a new business based on the combination of Honeywell Quantum Solutions and Cambridge Quantum. Quantinuum is committed to scaling quantum applications to help industry clients solve complex problems. Quantinuum’s diverse team of quantum technology experts, scientists, and business professionals is bringing quantum solutions to open-minded companies across a wide range of industries to unlock revenues and accelerate outcomes ahead.
Quantinuum founder Ilyas Khan commented: “We are excited to expand access to IBM Quantum hardware and Qiskit, providing our clients with solutions developed for state-of-the-art quantum computing hardware.”
Khan said: “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.”
He further added, “We continue to utilise 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.”
Quantinuum is also advancing the development and deployment of quantum applications with IBM’s superconducting quantum processors on the IBM Q Network. This further expands Quantinuum’s quantum ecosystem, in addition to its existing industry-leading capabilities in simulation, large-scale data science, and quantum artificial intelligence.
Quantinuum’s software will be made available to IBM’s industry clients through the wider Qiskit Ecosystem, joining Microsoft and Cambridge Quantum Computing as the most recent additions to the group of third-party service providers. With a more empowered IBM Quantum Hub now customers can run complex jobs on IBM’s most advanced quantum systems as well as future generations of quantum computers from IBM.
The partnership will bring together leading financial, energy, and retail organizations to expand the IBM Quantum Hub — a new effort designed to help solve complex business problems in the world’s most powerful quantum computers. Quantinuum will join the IBM Quantum Hub in Poughkeepsie, New York, where it plans to conduct ongoing research on quantum algorithms for applied use in business and industry. The hub will provide open access to IBM Quantum systems like the IBM Quantum Condor system; this is expected to accelerate the development of specialized algorithms and enlarge the developer ecosystem. By being able to deliver end-to-end applications, we see a growing opportunity to support enterprises and researchers with access to quantum computers and a wide range of tools that will enable future applications at scale.
Quantinuum is science-led and enterprise-driven, with a vision to scale quantum computing to solve the world’s most pressing challenges. By uniting the best-in-class software from Cambridge Quantum Computing℠ (CQC) with the leading high-performing trapped-ion hardware from Honeywell Quantum Solutions, they enable solutions that go beyond the computing chip. The company was founded in 2021 and is focused on scaling quantum computing, developing applications today to solve the world’s most pressing challenges, and changing the future of business, science, and government.
IBM stands for ‘International Business Machines.’ The company was founded as the Computing-Tabulating-Recording Company on June 16, 1911. It is headquartered in Armonk, New York. IBM is a global technology and innovation company. It is the largest technology and consulting employer in the world. Today, IBM is focused on five growth markets: cloud, analytics, mobile, social business, and security. At IBM employees are driven by the motto of doing more than just work—they say ‘we create.’ The employees at IBM are working relentlessly to make the world work better with the help of technology and infrastructure, software, and consulting.
IBM is the largest technology and consulting employer in the world, with more than 400,000 employees serving clients in 170 countries. IBM offers a wide range of technology and consulting services; a broad portfolio of middleware for collaboration, predictive analytics, software development, and systems management; and the world’s most advanced servers and supercomputers. Utilizing its business consulting, technology, and R&D expertise, IBM helps clients become “smarter” as the planet becomes more digitally interconnected.