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 is making significant progress in the realm of quantum error correction, with a soon-to-be-published paper discussing the use of an AMD chip.
- IBM aims to build the world's first large-scale, fault-tolerant quantum computer by 2029.
- The company has developed an algorithm for error correction that can run on AMD chips, according to a research paper reviewed by Reuters.
IBM is setting a path toward practical and scalable quantum computing.
Author's summary: IBM's stock surges due to quantum progress.
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