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 announced plans to build the world's first large-scale, fault-tolerant quantum computer by 2029.
- The company developed an algorithm for error correction that can run on AMD chips, as reported by Reuters.
IBM is setting a path toward practical and scalable quantum computing.
Author's summary: IBM's stock rises due to quantum progress.
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