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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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In Turfan, Xinjiang, China’s first commercially operated microgrid has generated nearly 100 million kWh of electricity

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November 15, 2024

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TURFAN, China, Nov. 15, 2024 /PRNewswire/ — On November 13, the Turfan New Energy City Microgrid Demonstration Project, China’s first commercially operated microgrid demonstration project, generated nearly 100 million kWh of electricity, equivalent to saving 29,000 tons of standard coal and reducing carbon dioxide emissions by 77,600 tons.

A microgrid refers to a small-scale power generation and distribution system organized by distributed power sources, power loads, distribution facilities, monitoring and protection devices, etc., which can realize flexible control and autonomous management. Since the end of 2013, the project had been the largest and most comprehensive solar energy utilization and building integration project in China up to that time, with 8.7 MW of photovoltaic power installed on the roofs of 223 residential buildings, generating an annual power capacity of about 10 million kWh.

To promote the physical operation of the project, the State Grid Turfan Power Supply Company invested more than 2 million yuan to cooperate in the construction of microgrid infrastructure, fully supporting the online operation of surplus new energy power generation, promoting the comprehensive utilization of renewable resources in urban buildings, and helping Turfan build a high-quality development demonstration area and a green and low-carbon pilot area.

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SOURCE State Grid Turfan Power Supply Company

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Innovations in Guiyang: Adhering to New Industrialization and Promoting High-End, Intelligent and Green Manufacturing

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November 15, 2024

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GUIYANG, China, Nov. 15, 2024 /PRNewswire/ — A report by Huanqiu.com

The wave of new industrialization in Guiyang is driving the transformation and upgrading of the manufacturing industry in ways like never before. Guiyang is always strategically oriented toward “industrial structure optimization with a focus on industries”, and has made all efforts to develop “four major industrial bases”, highlighting its industrial economy as the “primary driving force” behind development. Especially relying on its policy edge in renewable energy, Guiyang has rapidly emerged as a national new-energy power battery and materials research, development and production center, injecting strong momentum into the city’s economy.

In October 2023, the CATL (Guizhou) New Energy Power and Energy Storage Battery Production Base, located in Gui’an New Area, Guizhou Province, was put into production. The first phase of the base boasts cutting-edge design standards, characterized by “lighthouse + zero carbon factory”. The high-standard facility employs advanced, high-speed, highly automated, and flexible production lines. It is designed to have an annual production capacity of 30 GWh. After the base achieves the designed production capacity, its annual output value is expected to reach 15 billion yuan. According to statistics, the base realized an industrial output value of 618 million yuan in the first half of 2024, and the year’s industrial output value is expected at about 2 billion yuan.

The Chery (Guizhou) industrial base has also yielded unusually brilliant results in the field of new energy vehicles (NEVs), where Chery Automobile’s self-developed “CHEVOO” new-generation light truck KL71 project is undergoing four-pillar car road tests. The advanced pressing, welding, painting and assembly lines, as well as the R&D lab and the all-electric truck production line, together constitute this “digital intelligent” NEV factory. Moreover, the Chery (Guizhou) industrial base has built, extended and strengthened its vehicle manufacturing industry chain so as to master key parts supply chains and reduce development costs.

The Gui’an FinDreams battery project, as an important move of BYD in Guiyang, is also showing its strength in power batteries for NEVs. FinDreams Battery Co., Ltd. at Longshan Industrial Park in Gui’an New Area has four automatic production lines that are operating at high speeds in the workshop, which produce “blade batteries” which are well-known both in and out of the industry. According to reports, 300 battery packs and 40,000 cells can be produced per day.

Guiyang’s “four bases” – a new energy vehicles and battery materials production base, a resource deep-processing base, a computing power assurance base, and an industrial backup base, contribute greatly to the development of NEV and battery materials industry, electronic information manufacturing industry, and advanced equipment manufacturing industry, etc. Data show that in the first three quarters, the added value of Guiyang’s industrial enterprises above designated size grew by 11%, and the contribution of industrial economy to economic growth reached 39.4%.

Photo – https://mma.prnewswire.com/media/2558773/image.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/innovations-in-guiyang-adhering-to-new-industrialization-and-promoting-high-end-intelligent-and-green-manufacturing-302306825.html

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Premialab appointed by Lombard Odier Investment Managers to scale Quantitative Investment Strategies

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November 15, 2024

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Premialab’s technology chosen to enhance QIS scaling, operational efficiency, and risk management.

PARIS, Nov. 15, 2024 /PRNewswire/ — Lombard Odier Investment Managers (LOIM), the institutional asset management business of the Lombard Odier Group, has integrated Premialab‘s industry-leading technology to support the management of their soon-to-be-launched DOM Global Macro strategy. This partnership underscores LOIM’s commitment to onboard innovative strategies in an evolving market landscape.

“Our decision to partner with Premialab is driven by their comprehensive risk management and regulatory compliance expertise,” said Didier Anthamatten, Portfolio Manager at LOIM. “With a strong track record in alternative investments, LOIM remains focused on delivering innovative investment solutions and high-quality returns for our clients. Premialab’s advanced data capabilities are essential in helping us maintain our rigorous standards and provide robust, risk-adjusted performance. Additionally, their platform perfectly matches the DOM Global Macro strategy’s needs, enhancing our risk monitoring capabilities and streamlining portfolio management.”

The DOM Global Macro strategy expects to leverage Premialab’s unique dataset. The full lookthrough across all DOM’s proprietary systematic strategies allows granular risk decomposition and scenario-based analysis at the entire portfolio level. This should help monitoring exposures’ attractiveness, from both time-series and cross-sectional perspectives, and optimizing asset allocation.

Neil Richards, Head of EMEA Business Development at Premialab, said the collaboration with LOIM is a significant addition to Premialab’s growing business in Switzerland and within the wider European markets.

“Institutions such as LOIM, which oversees a substantial portfolio across various asset classes, need continuous monitoring and adjustment to keep their investments on track,” he explained. “Premialab provides the tools for benchmarking and stress testing their systematic investments, ensuring that LOIM’s mandates are effectively managed in terms of cost, risk, and value.”

Premialab CEO Adrien Géliot highlighted that the QIS sector is experiencing rapid growth, driven by institutional investors seeking liquid, transparent, and cost-efficient investment strategies. “Premialab sits at the centre of the QIS landscape, uniquely positioned to aggregate and make sense of the vast and growing universe of data,” he stated. “We are thrilled to be partnering with LOIM to deliver our unique data and risk monitoring capabilities to one of the top global investment firms.”

Premialab’s multi-asset, multi-region platform handles 10 million data points daily. It analyzes over 5,000 investible systematic strategies, with client assets under management totalling approximately USD $20 trillion. Combining the Premialab platform with Premialab Pure Factors®, it provides comprehensive cross-asset quantitative strategy selection and thorough due diligence on strategies available worldwide. Additionally, the platform enhances risk management and reporting capabilities, including expedited and detailed regulatory reporting.

With its unique combination of systematic strategies and discretionary trading, the DOM Global Macro strategy clearly benefits from Premialab’s state-of-the art data analysis capabilities and computational efficiency. The Portfolio and Risk Managers can thus use a shared dataset for risk analysis and performance decomposition, enhancing the portfolio’s robustness and operational efficiency.

About Premialab
Premialab is the leading independent platform that collaborates with leading investment banks and institutional investors globally, providing data, analytics, and risk solutions for systematic, factor, and multi-asset strategies. With offices in London, Paris, New York, Hong Kong, Dubai and Sydney, the company has forged strong partnerships with the top 18 investment banks, asset managers, pension funds, sovereign wealth funds and insurance companies globally.

About Lombard Odier Investment Managers (LOIM)
Lombard Odier Investment Managers (LOIM) is the institutional asset management business of the Lombard Odier Group, wholly owned and funded by its partners since its establishment in 1796.

We provide a range of investment solutions to a diverse group of long-term oriented clients. Our heritage, and our combination of the best of conservatism and innovation, keeps us well positioned to create lasting value for our clients. Our investment capabilities span fixed income, convertible bonds, equities, multi-asset, and alternatives. Sustainability is central to our investment philosophy; we believe it is the founding principle of long-term economic and investment outcomes and will drive returns over the long term.

With over 200 investment professionals, we are a global business with a network of 13 offices across Europe, Asia and North America and have assets under management of CHF 64 billion (as at 31 September 2024).

View original content:https://www.prnewswire.com/de/pressemitteilungen/premialab-appointed-by-lombard-odier-investment-managers-to-scale-quantitative-investment-strategies-302306411.html

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