IBM's Stock Soars Due to Quantum Computing Progress
IBM's stock is experiencing its best day since January, largely due to advancements in quantum computing.
IBM has been gaining attention for its quantum efforts, and a soon-to-be-published paper discusses progress in quantum error correction using an AMD chip.
- IBM aims to build the world's first large-scale, fault-tolerant quantum computer by 2029.
- A new algorithm enables error correction and can run on AMD chips, according to a reviewed research paper.
IBM announced a plan to build "the world's first large-scale, fault-tolerant quantum computer" by 2029.
Author's summary: IBM's stock rises due to quantum progress.
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