IBM Sees Revenue From Quantum Computing in as Soon as Two Years

Building the IBM Q System One.                  IBM

"We'll see quantum computing's first impact in the areas of chemistry and science". Talking about cloud computing and quantum computing, the firm has bagged over 2,000 patents in cloud computing and the highest number of quantum computing patents issued including a new way of miniaturising components that improve the performance of quantum computers.

The Consumer Electronics Show floor is abuzz with the talk about IBM's standalone quantum computer.

IBM has used CES 2019 to launch what it claims is the world's first commercial quantum computing system, developed with United Kingdom design studios Map Project Office and Universal Design Studio. However, this relative fragility is why you won't be installing an IBM Q System One in your own office - while it's definitely a major step forward, it's a far ways away from being something you can order and have delivered.

Start saving up those pennies, and you too could one day have access to a quantum computer. Bob Sutor, the VP of IBM Q Strategy and Ecosystem, was kind enough to get back to us. The casing is important: Qubits lose their quantum computing properties outside of very specific conditions. The company intends to open a commercial center for quantum computing clients this year in Poughkeepsie, New York.


"This integrated system aims to address one of the most challenging aspects of quantum computing: continuously maintaining the quality of qubits used to perform quantum computations".

ExxonMobil will become the first energy company to join the IBM Q Network. Potential applications include optimizing a country's power grid, more predictive environmental and highly accurate quantum chemistry calculations to enable the discovery of new materials for more efficient carbon capture. The company now works with about 80 universities in the United States, Europe and Asia to explore next-generation energy technologies. Like, for example, that the Q System One uses a fourth-generation 20-qubit processor, and that a "50-qubit device will be available to the IBM Q Network later this year". "This new system is critical in expanding quantum computing beyond the walls of the research lab as we work to develop practical quantum applications for business and science". Unlike modern computers that function using a binary system that give answers made up of ones and zeros, quantum computers use quantum particles known as qubits, allowing huge data sets or complicated algorithms to be answered much faster.

IBM unveiled the IBM Q System One on Tuesday, billed as the world's first quantum computer that businesses will actually be able to buy and use.

IBM Q systems are created to one-day tackle problems that are now seen as too complex and exponential in nature for classical computers to handle.

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