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.
According to a soon-to-be-published IBM paper, the company has made significant progress in quantum error correction using an AMD chip.
IBM's Quantum Efforts
IBM is known for its diverse range of technologies, but its quantum efforts have been gaining increasing attention.
In June, IBM announced plans to build the world's first large-scale, fault-tolerant quantum computer by 2029, paving the way for practical and scalable quantum computing.
IBM aims to build "the world's first large-scale, fault-tolerant quantum computer" by 2029.
Recent Developments
Reuters reported that IBM's algorithm for error correction can run on AMD chips, according to an IBM research paper.
This development has contributed to the optimism surrounding IBM's quantum computing efforts, leading to a surge in the company's stock.
Author's summary: IBM's stock rises due to quantum progress.
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