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