Published: Fri, January 11, 2019
Technology | By Lionel Gonzales

IBM Sees Revenue From Quantum Computing in as Soon as Two Years

IBM Sees Revenue From Quantum Computing in as Soon as Two Years

IBM is now looking to make quantum computers commercially available.

What makes the Q System One the most advanced cloud-based quantum computing programs is a long list of custom components that include cryogenic engineering (to keep the computing systems from overheating), quantum firmware (for upgrades and downtime), classical computation for secure cloud access and more.

CES-2019, Tech giant IBM today unveiled their and world's first quantum computing system, this new system is referred to as Q System One.

Looking at IBM's Q System One strengthens faith in commercial availability of quantum computers.

The integrated quantum computing system works very similar to the traditional computers.

The company also signaled plans to open a quantum computing center in NY later this year, which will house a cloud-based quantum computing system for IBM Q Network clients.

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"The IBM Q System One is a major step forward in the commercialization of quantum computing", the Director for IBM Research, Mr. Arvind Krishna said. "This new system is critical in expanding quantum computing beyond the walls of the research lab as we work to develop practical quantum applications for business and science".

At the same time, IBM also announced the opening of a commercial Q Quantum Computation Center in Poughkeepsie, New York later this year. The goal of the centre is to make IBM Q System One capacity available on a limited commercial basis.

ExxonMobil's partnership with IBM expands the company's collaborative efforts with other companies and academic institutions that are focused on developing an array of new energy technologies, improving energy efficiency and reducing greenhouse gas emissions.

In an interview with Fortune, IBM vice-president of research, Jeffery Welser said that the Debater, "is capable of understanding how two identical sentences can convey different meanings depending on the context and anticipates a world where computers will better understand human interactions".

IBM has banked on quantum as one of its core future technologies, first opening up client access through the cloud previous year. It's a cryogenically cooled, nine-foot-tall and nine-foot-wide cube that tackles some of the practical challenges involved in operating a quantum computer.

"A series of independent aluminum and steel frames unify, but also decouple the system's cryostat, control electronics, and exterior casing, helping to avoid potential vibration interference that leads to "phase jitter" and qubit decoherence", it said. The Q System One is created to reduce interference like vibration, ambient noise, electromagnetic waves and changes in temperature. Potential applications include optimizing a country's power grid, more predictive environmental and highly accurate quantum chemistry calculations to enable the discovery of new materials for more efficient carbon capture. Bob Sutor, the VP of IBM Q Strategy and Ecosystem.

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