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IBM Launches Its Most Advanced Quantum Computers, Fueling New Scientific Value and Progress towards Quantum Advantage

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Qiskit, the world’s most performant quantum software, can extend length and complexity of certain circuits to 5,000 two-qubit operations with accurate results on IBM quantum computers

RIKEN and Cleveland Clinic explore new, scientifically valuable problems by combining quantum and classical resources with Qiskit; Rensselaer Polytechnic Institute takes steps towards quantum-centric supercomputing

Qiskit services from IBM, Algorithmiq, Qedma, QunaSys, Q-CTRL, and Multiverse Computing to expand performance while simplifying how next-generation algorithms can be built

YORKTOWN HEIGHTS, N.Y., Nov. 13, 2024 /PRNewswire/ — Today at its inaugural IBM Quantum Developer Conference, IBM (NYSE: IBM) announced quantum hardware and software advancements to execute complex algorithms on IBM quantum computers with record levels of scale, speed, and accuracy.

IBM Quantum Heron, the company’s most performant quantum processor to-date and available in IBM’s global quantum data centers, can now leverage Qiskit to accurately run certain classes of quantum circuits with up to 5,000 two-qubit gate operations. Users can now use these capabilities to expand explorations in how quantum computers can tackle scientific problems across materials, chemistry, life sciences, high-energy physics, and more.

This continues the achievement of milestones on IBM’s Quantum Development Roadmap, and further advances the era of quantum utility as IBM and its partners progress towards quantum advantage and IBM’s advanced, error-corrected system planned for 2029. 

The combined improvements across IBM Heron and Qiskit can execute certain mirrored kicked Ising quantum circuits of up to 5,000 gates, which is nearly twice the number of gates accurately run in IBM’s 2023 demonstration of quantum utility. This work further extends the performance of IBM’s quantum computers beyond the capabilities of brute-force classical simulation methods. The 2023 utility experiment, published in Nature, demonstrated the speed results in terms of time to process, per data point, which totaled 112 hours. The same experiment, using the same data points, was run on the latest IBM Heron processor and can be completed in 2.2 hours, which is 50 times faster.

IBM has further evolved Qiskit into the world’s most performant quantum software to allow developers to more easily build complex quantum circuits with stability, accuracy, and speed. This is evidenced by results gathered and published on arXiv.org using Benchpress, an open-source benchmarking tool which IBM used to measure Qiskit across 1,000 tests, largely from third parties, and found it to be the highest-performing, most reliable quantum software development kit against other selected platforms.

“Advances across our hardware and Qiskit are enabling our users to build new algorithms in which advanced quantum and classical supercomputing resources can be knit together to combine their respective strengths,” said Jay Gambetta, Vice President, IBM Quantum. “As we advance on our roadmap towards error-corrected quantum systems, the algorithms discovered today across industries will be key to realizing the potential to solve new problems realized through the convergence of QPUs, CPUs, and GPUs.”

New Software Tools to Advance Development of Next-Generation Algorithms

The IBM Quantum Platform is further expanding options with new Qiskit services such as generative AI-based capabilities and software from IBM partners, allowing a growing network of experts across industries to build next-generation algorithms for scientific research. 

This includes tools such as the Qiskit Transpiler Service to power the efficient optimization of quantum circuits for quantum hardware with AI; Qiskit Code Assistant to help developers generate quantum code with IBM Granite-based generative AI models; Qiskit Serverless to run initial quantum-centric supercomputing approaches across quantum and classical systems; and the IBM Qiskit Functions Catalog to make services available from IBM, Algorithmiq, Qedma, QunaSys, Q-CTRL, and Multiverse Computing for capabilities such as reducing the performance management of quantum noise, as well as abstracting away the complexities of quantum circuits to simplify the development of quantum algorithms.

“Algorithmiq’s tensor error network mitigation algorithm (TEM), available through the IBM Qiskit Functions Catalog, offers state-of-the-art error mitigation for circuits at utility scale by leveraging steps towards quantum-centric supercomputing approaches, delivering the fastest quantum runtime we’ve yet offered to users,” said Matteo Rossi, CTO, Algorithmiq. “With the recent advancements we’ve made to combine quantum computers with post-processing on GPUs, we are pushing TEM’s capabilities to support circuits with up to 5,000 entangled quantum gates – a milestone for scaling quantum experiments and tackling complex problems. This could open the door to quantum simulations and computations previously constrained by noise limitations.”

“Progress across IBM quantum hardware and software are instrumental to Qedma’s mission to build services that will allow our users to run the longest and most complex quantum circuits,” said Dorit Aharonov, Chief Scientific Officer, Qedma. “Combined with our own achievements in error mitigation, which we offer via Qedma’s service in the IBM Qiskit Functions Catalog, we look forward to furthering our mission of enabling global users to build algorithms with today’s quantum systems – and to achieve increasingly accurate results of scientific value.”

Qiskit Fuels Quantum and Classical Integration Towards Future of Computing

As the next evolution of high-performance computing, IBM’s vision of quantum-centric supercomputing aims to integrate advanced quantum and classical computers executing parallelized workloads to easily break apart complex problems with performant software, allowing each architecture to solve parts of an algorithm for which it is best suited. Such software is being designed to seamlessly and quickly knit problems back together, allowing algorithms to be run that are inaccessible or difficult for each computing paradigm on its own.

RIKEN, a national scientific research institute in Japan, and Cleveland Clinic, a leading academic medical center and biomedical research institution with an on-site and utility-scale IBM Quantum System One, are exploring algorithms for electronic structure problems that are fundamental to chemistry.

These initiatives represent the first steps towards quantum-centric supercomputing approaches to realistically model complex chemical and biological systems, a task historically believed to require fault-tolerant quantum computers.

Early examples of these types of workflows are methods based on parallel classical processing of individual samples from quantum computers. Building on prior techniques, such as QunaSys’s QSCI method, IBM and RIKEN researchers have performed sample-based quantum diagonalizations in quantum-centric supercomputing environments, which make use of quantum hardware to accurately model the electronic structure of iron sulfides, a compound present widely in nature and organic systems.

Now available as a deployable Qiskit service, this same technique is being leveraged by Cleveland Clinic to explore how it could be used to implement quantum-centric simulations of noncovalent interactions: bonds between molecules that are essential to many chemical, biological, and pharmaceutical science processes.

“This research is an example of what makes our research partnership successful – bringing together IBM’s next-generation technologies with Cleveland Clinic’s world-renowned expertise in healthcare and life sciences,” said Lara Jehi, MD, Chief Research Information Officer at Cleveland Clinic. “Together, we are pushing through traditional scientific boundaries using cutting-edge technology such as Qiskit to advance research and find new treatments for patients around the globe.”

“With our partners at IBM, we were able to leverage their advanced quantum computing electronic structure algorithm to study – for the first time – intermolecular interactions on the on-site IBM Quantum System One at Cleveland Clinic, which are important for potential future applications in drug discovery and design,” said Kennie Merz, PhD and quantum molecular scientist at Cleveland Clinic.

“The RIKEN Center for Computational Science (R-CCS) is conducting the Japan High Performance Computing-Quantum (JHPC-Quantum) project, which aims to build a quantum-HPC hybrid computing platform by integrating our supercomputer, Fugaku, with an on-premises IBM Quantum System Two powered by an IBM Quantum Heron processor. In the era of quantum utility, we will strongly support the initiative’s goal of demonstrating quantum-centric supercomputing approaches by using our platform as a first step towards this new computing architecture,” said Mitsuhisa Sato, the director of Quantum-HPC Hybrid Platform Division, RIKEN Center for Computational Science.

Additionally, Rensselaer Polytechnic Institute is using Qiskit tools to take initial steps to build IBM’s first realization of quantum-centric supercomputing on a university campus. With performant software, RPI and IBM are aiming to successfully connect workloads across the AiMOS classical supercomputer and IBM Quantum System One, both located on RPI’s campus, into a single computational environment managed by a standard high-performance computing resource manager.

“Since unveiling IBM Quantum System One on the RPI campus earlier this year, we have taken steps toward another significant first by starting the work to link the quantum system and our AiMOS supercomputer,” said Martin A. Schmidt, Ph.D., president of RPI. “This moment is a testament to our longstanding partnership with IBM, and, like the pairing of quantum computing and supercomputing, our two institutions together will drive exciting breakthroughs in the years to come.”

About IBM

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.

Contact:
Erin Angelini
edlehr@us.ibm.com 

SOURCE IBM

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NAVEE Launches ST3 Pro and GT3 Pro at CES 2025, Receives UL and TÜV Rheinland Certifications

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — NAVEE, a global leader in intelligent short-distance mobility, today announced the North American launch of its flagship electric scooters, ST3 Pro and GT3 Pro, at CES 2025. The event, running from January 7 to January 10, also marks the company’s achievement of two prestigious awards that validate its leadership in smart mobility.

UL verification: Micromobility Performance Range, Energy Consumption and Acceleration

During CES, UL awarded the ST3 Pro-U and GT3 Pro-U with the “Micromobility Performance Range/Energy Consumption/Acceleration” verification. This recognition validates NAVEE’s engineering excellence, with both scooters exceeding rigorous standards for range, energy efficiency, and acceleration. Bryan Bai, NAVEE’s Vice President and Head of North American Sales, and Sherry He, vice president and general manager of Consumer, Medical and Information Technologies at UL Solutions, presided over the award ceremony.

TÜV Rheinland Certification: Range at Max. Speed

Simultaneously, TÜV Rheinland granted the ST3 Pro its “Range at Max. Speed” certification, verifying that the scooter delivers on its promised maximum speed range capabilities. Jay Yang, Vice President of Greater China Electrical at TÜV Rheinland, presented the certification to NAVEE, underscoring the scooter’s exceptional performance standards.

“These launches at CES 2025 represent a significant milestone in our mission to advance smart mobility technology for consumers worldwide,” said Lu Jian, Brand Representative of NAVEE. “The UL verification and TÜV Rheinland certification demonstrate our unwavering commitment to excellence and validate the real-world performance our customers can expect.”

ST3 Pro and GT3 Pro: Redefining Smart Mobility

The ST3 Pro and GT3 Pro represent the next evolution in urban transportation. Engineered for the demands of modern city commuting, these premium electric scooters combine exceptional range and acceleration with sophisticated smart features. The prestigious UL verification and TÜV Rheinland certification affirm NAVEE’s position as an industry pioneer in electric mobility innovation.

About NAVEE

Founded in 2021, NAVEE has quickly emerged as a leader in the global electric mobility market. With a presence in over 30 countries and more than 200,000 users, NAVEE is revolutionizing urban commuting with stylish, reliable electric scooters. The company continues to invest heavily in research and development, ensuring it remains at the forefront of innovation in the electric mobility sector.

For more information, visit: NAVEE Official Website https://www.naveetech.com/

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SOURCE NAVEE

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Fintech nsave launches investment platform, offering people from distressed economies protection from inflation with compliant and safe investments abroad

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nsave offers trusted dollar, sterling or euro accounts abroad to people from high inflation countries.Customers can now access a range of US equities, ETFs and funds.TQ Ventures leads $18mn financing, with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton.

LONDON and GENEVA, Jan. 10, 2025 /PRNewswire/ — nsave, the provider of trusted, compliant accounts abroad to people from countries with high inflation, has today announced the launch of an investment product, enabling people at risk of financial exclusion to protect and grow their wealth.

The company also confirmed an $18mn Series A investment led by TQ Ventures with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation, to accelerate their growth.

Today’s means customers can access US equities, ETFs and soon funds managed by some of the world’s largest asset managlaunchers via the nsave app, subject to onboarding and compliance checks.

By working with regulated financial institutions and banking partners in the UK and Switzerland, nsave offers safe and compliant accounts abroad, democratising offshore services to millions of people affected by high inflation or economic uncertainty in their home countries.

nsave’s customers include young professionals who move abroad and face exclusionary and outdated compliance processes due to their country of birth, alongside people from high inflation economies, who fear their life savings will be wiped out.

Based in London and Geneva, nsave is led by former Rhodes Scholars Amer Baroudi and Abdallah AbuHashem.

nsave CEO Amer Baroudi said: “Our vision is to go beyond just protecting everyday people’s wealth by enabling safe and compliant accounts abroad, but to enable them to grow it, too.”

“For some of our customers, this is the first time they can access trusted investment services securely. We believe your passport shouldn’t determine your path to prosperity. Our compliance-by-design approach enables us to offer services safely to many more people.” 

TQ Ventures co-founder and co-managing partner, Schuster Tanger, said: “nsave is tapping into a massive market of individuals underserved by existing financial services who need secure, stable financial solutions.”

“From the outset, I was impressed by nsave’s unique approach and the strength of their team, no doubt a function of Amer and Abdallah’s own lived experience of these challenges. We’re thrilled to roll up our sleeves with nsave to create a more inclusive financial system.”

Contact:
press@nsave.com

 

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Vietnam’s Youth Rally Behind Blockchain: KuCoin Reveals Groundbreaking Insights at VTIS 2024

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HANOI, Vietnam, Jan. 10, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to share the findings from its second edition of the KuCoin Campus Survey, conducted during the Vietnam Technology & Investment Summit (VTIS) 2024. With 926 participants surveyed from December 3rd to December 4th, 2024, the results underscore the vibrant interest in blockchain technologies among Vietnam’s youth, reinforcing KuCoin’s commitment to nurturing this vital market.

The survey, a key initiative under KuCoin Campus, highlights a strong, positive sentiment towards cryptocurrencies, with 92% of participants optimistic about the future of digital assets. Remarkably, 82% of respondents are considering blockchain-related careers, signaling a burgeoning talent pool eager for development and opportunities within the industry.

Vietnam’s strategic importance to both KuCoin and the broader crypto community is evident as 68% of participants expressed a “very high interest” in blockchain, making it a critical hub for crypto innovations and community engagement. Additionally, 73% of respondents currently hold cryptocurrencies, demonstrating a mature market ready for further expansion and adoption.

The survey also uncovered a significant inclination towards diverse blockchain roles, with data analysis (24%), marketing (22%), and business development (21%) being the most coveted. These insights are invaluable as they highlight the areas of highest potential and interest among the future workforce.

Vietnam has been and will continue to be a key market for us,” said Alicia Kao, the Managing Director of KuCoin. “As the People’s Exchange, we are committed to empowering and equipping this new generation with the tools they need to succeed in the evolving digital landscape.”

View the full report here (EN version, VN Version), or visit KuCoin’s official website for further information.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

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