IBM's Stock Soars Due to Quantum Computing Progress
IBM's stock is experiencing its best day since January, largely due to significant advancements in quantum computing.
IBM has been making notable strides in quantum technologies, with its efforts gaining increasing attention. The company announced plans in June to build the world's first large-scale, fault-tolerant quantum computer by 2029, paving the way for practical and scalable quantum computing.
- IBM's plan to build a large-scale, fault-tolerant quantum computer by 2029.
- An IBM research paper discusses progress in quantum error correction using an AMD chip.
IBM is known for a lot of different technologies, but its quantum efforts have been getting more attention.
According to a soon-to-be-published IBM paper, the company has developed an algorithm to enable error correction, which can run on chips made by Advanced Micro Devices Inc. (AMD).
Author's summary: IBM's stock rises due to quantum progress.
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