Quantinuum and JPMorgan Chase achieved a groundbreaking 100x improvement over the existing industry benchmark using Quantinuum’s H2-1 quantum computer. The world’s largest integrated quantum computing company unveiled the industry’s first quantum computer with 56 trapped-ion qubits, setting a new world record for the cross entropy benchmark.
“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 industries like finance, logistics, transportation, and chemistry.”
The joint team from Quantinuum and JPMorgan Chase ran a Random Circuit Sampling (RCS) algorithm, achieving remarkable results that surpass prior industry benchmarks. The H2-1 quantum computer’s combination of scale and hardware fidelity makes it a formidable competitor against today’s most powerful supercomputers and other quantum computing architectures.
Quantinuum’s recent breakthroughs in 2024 include solving the “wiring problem” and achieving high fidelity in quantum operations. The company also closed a $300 million equity fundraise anchored by JPMorgan Chase, with additional participation from Mitsui & Co., Amgen, and Honeywell.
To learn more about Quantinuum and its advancements in quantum computing, visit their website: 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. For the scientific paper on their latest achievements, 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 by Honeywell and Cambridge Quantum in 2021, Quantinuum has raised approximately $625 million to further the development and commercialization of quantum computing.
Photo – https://mma.prnewswire.com/media/2431064/Quantinuum.jpg