Tuesday, 25 June, 2019

ExxonMobil, IBM to work on quantum computing in energy sector

IBM's Q System One quantum computer                  IBM IBM's Q System One quantum computer IBM
Cecil Davis | 10 January, 2019, 20:08

The IBM Q Network provides its organizations with quantum expertise and resources, quantum software and developer tools, as well as cloud-based access to IBM's most advanced and scalable commercial universal quantum computing systems available. "Quantum computing can potentially provide us with capabilities to simulate nature and chemistry that we've never had before. Our leadership in AI, cloud computing, security and quantum computing patents speaks to IBM's commitment to research and development in these important areas". Rometty predicted within the next five years, businesses will start seeing the impact of quantum computing technologies.

IBM has always been a front-runner when it comes to quantum computing; back in 2017, the firm showed off a prototype commercial 17-qubit processor that formed the core of the first IBM Q early-access systems, which saw the company laying out its ambitions to build commercially-available universal quantum computing systems.

Designed by IBM scientists, systems engineers and industrial designers, IBM Q System One has a "sophisticated, modular and compact design optimised for stability, reliability and continuous commercial use".

More than anything, though, IBM seems to be proud of the design of the Q systems. The casing is important: Qubits lose their quantum computing properties outside of very specific conditions.

But along with bringing new levels of computing power, IBM's new release also represents a striking transformation in the look of quantum computing.

ExxonMobil will become the first energy company to join the IBM Q Network. Notably, Google back in 2017 was said to have given early access to its quantum machines to science labs and artificial intelligence researchers. The 20-Quibit system by IBM, which is seen as one of the leaders in the field of quantum computing, could one day solve complex problems.

Gold steady as dollar sags on Fed rate pause bets
Expectations of no further rate hikes this year is likely to keep the greenback under pressure. If the Fed holds rates in 2019, analysts see slim chances of further greenback appreciation.

With the prospect of being the first to reach quantum supremacy, many organizations are focusing on internal efforts as opposed to industrywide collaboration, Jim Clarke, director of quantum hardware at Intel, told CIO Dive in an August interview.

CERN, the European Laboratory for Particle Physics, will work with IBM to explore how quantum computing may be used to advance scientific understanding of the universe.

IBM Q is an industry-first initiative to build commercial universal quantum systems for business and science applications.

IBM managed to shed all that and build a compact attractive piece-of-art that rests inside a 9-foot tall, 9-foot wide half-inch borosilicate glass case.

IBM has banked on quantum as one of its core future technologies, first opening up client access through the cloud previous year.

IBM is locked in a race with Alphabet Inc.'s Google, Microsoft Corp. and others in building machines that businesses can use to solve hard real-world problems now beyond the reach of the most powerful conventional supercomputers.