IBM invests in Quantinuum, forms a significant global alliance

Quantinuum, a machine learning specialist forging new frontiers for quantum computing, has agreed to form an international alliance with IBM, the US-based multinational technology corporation which has invested recently in the Cambridge-based business.

Under the partnership, the duo plan to expand IBM Quantum Hub with Cambridge Quantum Computing Limited. This will offer clients better access to New York-headquartered IBM’s quantum computing systems.

The portfolio opened up via the collaboration encompassed the recently announced 127 qubit processor of IBM known as Eagle and IBM’s quantum expertise and Qiskit for driving and developing the quantum ecosystem.

As per credible sources, the unspecified investment of $57 billion turnovers of IBM’s in Quantinuum was simplified by IBM Ventures.

Ilyas Khan, Quantinuum CEO, said that the firm is enthusiastic about expanding access to IBM Qiskit and Quantum hardware, offering clients solutions developed for state-of-the-art quantum computing hardware.

The firm continues to leverage a wide range of quantum processors, including that of IBM, owing to their position as a prominent leader in superconducting quantum computers, a crucial part of the growth in the proficiencies of quantum computers.

IBM has been a prodigious supporter for building a growing quantum network and a primary investor in Cambridge Quantum and now Quantinuum. It looks forward to introducing a broad range of possibilities for further advancing the applications of the quantum computing industry, he said.

Quantinuum is the outcome of the grouping of two leaders in the global ecosystem for quantum computing, i.e., Cambridge Quantum and Honeywell Quantum Solutions.

Furthermore, this novel business and investment collaboration exemplify how Quantinuum is slated towards accelerating the development of quantum computing and innovation of quantum technologies for providing real-world quantum-enabled software solutions for some of the most adamant problems that traditional computers have not been able to solve.

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