There’s been an obsession with quantum computers lately. An experiment using IBM computers was recently done, and it showed that quantum computers, in two years, could overtake classic digital computers in performing practical tasks. Interested? Here’s the news story.
Quantum computers could beat classic ones in 2 years
In a new experiment whose results were published last week in Nature, a multidisciplinary science journal since 1869, scientists utilized Eagle, IBM’s quantum computer, to simulate the magnetic attributes of a real material.
A quantum computer pertains to a computer that utilizes the quantum states of subatomic particles to store data.
The study showed that this quantum computer could do the task faster than a classic computer could. Yes, you may raise that quantum computers have the weakness of noise, but the researchers used a unique error-mitigating process to compensate for this Waterloo.
In this new experiment, IBM’s 127-qubit supercomputer, Eagle, which uses qubits built on superconducting units, calculated the full-fledged magnetic state of a two-dimensional solid.
Then, the research proponents carefully measured the noise each of the qubits produced, considering the cons of the quantum computer. They discovered that specific factors, such as defects in the computing material, could reliably predict the noise each qubit generated. They then utilized these projections to model that the results would have appeared without the noise.
Quantum computers are different from traditional computers based on silicon chips, as the latter depends on “bits” that can take only two values: zero or one.
In contrast, quantum computers employ qubits, or quantum bits, able to take on several states at once. These quantum bits rely on quantum phenomena like superposition, wherein a particle can simultaneously exist in several states, and on quantum entanglement, wherein the conditions of distant particles can be connected so that instantaneously altering one also alters the other. This paves the way for these qubits to make quicker calculations, which classic digital bits would do slowly since they do it in sequence.
Quantum computing technology for the banking world
Meanwhile, in other related news, Crédit Mutuel Alliance Fédérale and Euro-Information have recently partnered with IBM to introduce quantum computing technology to the world of banking.
Crédit Mutuel Alliance Fédérale is one of France’s leading bankinsurers, providing a diverse range of services to private clients, local professionals, and companies of all sizes. Euro-Information is Crédit Mutuel Alliance Fédérale’s technology subsidiary.
Under this collaboration, Crédit Mutuel Alliance Fédérale and Euro-Information will work together with IBM to access and utilize IBM’s latest quantum technologies to perform tasks on fraud management, risk management, and enhancing the overall customer experience.
IBM’s Senior Vice President and Chief Revenue Officer, Sebastian Krause, issued a statement, saying, “Crédit Mutuel is making rapid progress in how to apply quantum technology to enhance financial services. We’re excited to collaborate with them on the ‘scaling’ phase as they expand their activities with an aim toward developing concrete applications that could improve their customers’ experience and transform how the industry manages risk and fraud.”
