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IQM Aims to Drive Disruptive Advancements in Quantum Computing Technology

Excerpts and salient points ~

+  With a vision to drive disruptive advancements in quantum computing, a team of innovators has launched IQM Finland Oy (IQM). The startup—a spinout from Aalto University (Aalto) and VTT Technical Research Centre of Finland (VTT)—is developing high-speed quantum processors to reduce the error rates currently limiting quantum computers. The team has already pioneered breakthroughs in thermal management and other areas that influence computational speed and information accuracy. The innovations establish IQM as an emerging hardware systems leader in the race to develop a quantum computer for practical applications.

Quantum computing will revolutionize industries like drug discovery, materials science and finance by solving complex problems in hours instead of years. Although in its infancy, the industry could reach US$2-5B in the next five years. In ten years, it could soar to US$50B, according to a recent BCG analysis.

+  Accelerating the adoption of quantum computing relies on relentlessly increasing computational speeds and improving error correction. This calls for driving faster clock cycles by vastly reducing the time required for qubit reset, logic gates and readout. Getting there requires hardware systems that are finely tuned to keep the fragile qubits stable, yet are robust, practical and cost effective.

+  Now, with its hardware innovations, the company aims to demonstrate the fastest qubit reset and readout in the industry, and bring a practically useful quantum computer closer to reality.

Source:  HPC wire.  IQM Finland Oy,  IQM Aims to Drive Disruptive Advancements in Quantum Computing Technology…

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