Quantinuum and JPMorgan Chase achieved a groundbreaking 100x improvement over the existing industry benchmark using Quantinuum’s H2-1 quantum computer. The joint team ran a Random Circuit Sampling (RCS) algorithm, surpassing prior industry results and setting a new world record for the cross entropy benchmark. H2-1’s scale and hardware fidelity make it unmatched by today’s most powerful supercomputers and other quantum computing architectures.
“We’re extending our lead in the race towards fault-tolerant quantum computing, accelerating research for customers like JPMorgan Chase in ways that aren’t possible with any other technology,” said Rajeeb Hazra, CEO of Quantinuum. “Our focus on quality of qubits versus quantity of qubits is changing what’s possible and bringing us closer to the long-awaited commercialization of quantum’s applications across various industries.”
Quantinuum’s analysis shows that the H2-1 executes RCS at 56 qubits with a significant reduction in power consumption compared to classical supercomputers, solidifying its position as the preferred solution for computational challenges.
“The fidelity achieved in our random circuit sampling experiment shows unprecedented system-level performance of the Quantinuum quantum computer. We are excited to leverage this high fidelity to advance the field of quantum algorithms for industrial use cases broadly, and financial use cases in particular,” said Marco Pistoia, Head of Global Technology Applied Research at JPMorgan Chase.
This achievement adds to a series of breakthroughs made by Quantinuum in 2024, including advancements in scalability and fault tolerance. Microsoft also looks forward to continued collaboration with Quantinuum to further enhance quantum operations and utility.
Quantinuum recently closed a $300 million equity fundraise anchored by JPMorgan Chase, with additional participation from Mitsui & Co., Amgen, and Honeywell. This brings the total capital raised by Quantinuum since inception to approximately $625 million.
For more information, visit: https://www.quantinuum.com/news/quantinuums-h-series-hits-56-physical-qubits-that-are-all-to-all-connected-and-departs-the-era-of-classical-simulation
To read the scientific paper, visit: https://arxiv.org/abs/2406.02501
About Quantinuum:
Quantinuum, the world’s largest integrated quantum company, pioneers powerful quantum computers and advanced software solutions. With almost 500 employees, including 370+ scientists and engineers, Quantinuum leads the quantum computing revolution across continents. Since its formation in 2021, Quantinuum has raised approximately $625 million to further the development and commercialization of quantum computing.
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