IBM's Stock Surges Due to Quantum Computing Progress
IBM's stock is experiencing its best day since January, largely due to advancements in quantum computing.
By Britney Nguyen and Emily Bary, a soon-to-be-published IBM paper reveals progress in quantum error correction using an AMD chip.
- IBM aims to build the world's first large-scale, fault-tolerant quantum computer by 2029.
- The company's algorithm for error correction can run on AMD chips, according to a reviewed research paper.
IBM is known for various technologies, but its quantum efforts are gaining attention.
Author's summary: IBM's stock surges due to quantum progress.
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