IBM's Stock Surge
IBM's stock is experiencing its best day since January, largely due to its advancements in quantum computing.
IBM has been gaining attention for its quantum efforts, and a soon-to-be-published paper discusses progress in quantum error correction using an AMD chip.
Quantum Computing Efforts
IBM aims to build the world's first large-scale, fault-tolerant quantum computer by 2029, paving the way for practical and scalable quantum computing.
- IBM announced its plan in June to achieve this goal.
- A recent Reuters report revealed that IBM's error correction algorithm can run on AMD chips, according to an IBM research paper.
IBM is known for a lot of different technologies, but its quantum efforts have been getting more attention.
Author's summary: IBM's stock surges due to quantum computing progress.
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