IBM quantum computing initiative boasts leading companies, organizations

Business news |
By Rich Pell

The company announced the first 12 initial organizations to join its newly formed IBM Q Network – a worldwide community of organizations working with IBM to explore practical applications of quantum computing for business and science. They include JPMorgan Chase, Daimler AG, Samsung, JSR Corporation, Barclays, Hitachi Metals, Honda, Nagase, Keio University, Oak Ridge National Lab, Oxford University, and the University of Melbourne.

The IBM Q Network provides organizations with quantum expertise and resources, and cloud-based access to the company’s 20-qubit quantum computing system. IBM expects that access to a 50-qubit system will be offered to participants in the next-generation IBM Q system.

“IBM sees the next few years as the dawn of the commercial quantum era – a formative period when quantum computing technology and its early use cases develop rapidly,” says Dario Gil, vice president of AI and IBM Q, IBM Research. “The IBM Q Network will serve as a vehicle to make quantum computing more accessible to businesses and organizations through access to the most advanced IBM Q systems and quantum ecosystem.”

“Working closely with our clients, together we can begin to explore the ways big and small quantum computing can address previously unsolvable problems applicable to industries such as financial services, automotive, or chemistry. There will be a shared focus on discovering areas of quantum advantage that may lead to commercial, intellectual, and societal benefit in the future.”

Participating organizations will work directly with IBM scientists, engineers, and consultants to pioneer quantum computing for specific industries. Each of the IBM Q Network Partners will explore a broad set of potential applications of quantum computing in their industry that could provide a quantum advantage – i.e., demonstrate real-world problems that may be solved faster or more efficiently with a quantum computer than with a classical computer.

IBM will also establish regional IBM Q Network Hubs across four continents to increase access to quantum systems and advance research. The hubs – planned for IBM Research, Keio University in Japan, Oak Ridge National Laboratory in the U.S., Oxford University in the UK, and the University of Melbourne in Australia – will broadly enable their industry and research collaborators to have online use of IBM Q systems and engage in joint development work to explore quantum computing.

IBM Q Network

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