IBM's Stock Surges Due to Quantum Computing Progress
IBM's stock is experiencing its best day since January, largely due to the company's 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 aims to build the world's first large-scale, fault-tolerant quantum computer by 2029.
- The company's algorithm for error correction can run on AMD chips, as reported by Reuters.
IBM is known for a lot of different technologies, but its quantum efforts have been getting more attention.
Author's summary: IBM's stock rises due to quantum progress.
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