Press Release – Kipu Quantum is ushering in a transformative era in quantum computing with its latest advancements. As the field of quantum computing continues to evolve, Kipu Quantum’s pioneering technologies are setting a new standard for practical applications in solving complex optimization problems. The company’s recent breakthroughs demonstrate not only their commitment to pushing the boundaries of quantum technology but also their capability to deliver tangible benefits to a wide range of industries.
Highlights:
- Commercial Quantum Advantage Era: Kipu Quantum announces the start of a new era where quantum computing delivers immediate value to industries via cloud-based quantum processors.
- Breakthrough BF-DCQO Algorithm: Introduction of Bias-Field Digitized Counterdiabatic Quantum Optimization (BF-DCQO), utilizing counterdiabatic protocols for improved efficiency on current hardware.
- Successful Execution on IBM 156-Qubit Processor: Largest optimization quantum algorithm run on an IBM quantum processor with 156 qubits, showcasing practical application and scalability.
- Immediate Industry Impact: Quantum computing solutions are now viable for complex problems in sectors such as logistics, finance, and manufacturing, providing real benefits today.
Developing quantum algorithms to tackle complex large-scale combinatorial optimization problems is one of the holy grails of quantum computing, especially when they can efficiently run on accessible cloud-based commercial quantum computers. The most sophisticated optimization problems have a massive impact on industries like logistics, finance, telecommunication, energy, chemistry, artificial intelligence, materials, and manufacturing. Classical computing just cannot keep up with the complexity of these challenges.
Kipu Quantum’s innovative quantum algorithms catalyze the involved quantum dynamics and drastically reduce the requirements for solving complex problems running on today’s quantum hardware. No need to keep waiting for the far future.
As per Kipu Quantum’s Press Release “We are starting the commercial era of quantum computing: the period in which customers can reliably decide to request and invest in quantum computing services that will bring immediate or imminent added value to their products and business. Three months ago, we introduced our game-changing innovation from the realm of digital catalysis and accelerated compression: Bias-Field Digitized Counterdiabatic Quantum Optimization (BF-DCQO), stemming from a new generation of Kipu’s technologies using counterdiabatic protocols. Today, we are proud to present the largest optimization quantum algorithm via an experiment running on an IBM quantum processor using all 156 qubits by applying Kipu’s powerful algorithms. This is just the beginning, as our methods can be directly applied on larger processors, including the one with 433 qubits and beyond, which brings about a fundamental change in the perspective of current quantum computing possibilities. We consider these results of our case studies as the start of the Commercial Quantum Advantage era, Kipu dixit, and soon more and better when our technologies are extended to denser and more complex industry-level problems. These results disclosed today are just the appetizer of what Kipu is currently working on, always two steps ahead of our time and what is openly shared.”
Kipu Quantum’s use of a fully quantum, non-variational approach, they announced to successfully solved highly complex and hard-to-tackle higher-order unconstrained binary optimization (HUBO) problem without mapping it to lower-order quadratic (QUBO) formulations, which benefits in:
- Enhanced solution quality
- Lower resource consumption
- Reduced circuit depths
- Execution on today’s quantum processors
- Commercial quantum advantage level
These benefits show that Kipu Quantum’s tech makes the most of current quantum hardware, even with its natural limitations. This means businesses in several industry sectors can start seeing the real value of quantum computing now, without waiting for the far future.
With their forward-thinking approach and relentless pursuit of excellence, Kipu Quantum is setting a new standard for the commercial quantum advantage and reinforcing its role as a leader in this dynamic and rapidly evolving field, as per the results here.
As Kipu Quantum forges ahead, the promise of quantum computing is becoming a reality, offering businesses the opportunity to harness its power now and drive unprecedented advancements across multiple sectors.
Source: Kipu Quantum
About Kipu
Kipu Quantum is a German company that operates at the intersection of quantum computer hardware and application software layers, developing disruptive application- and hardware- specific quantum algorithms for a wide range of industries. These algorithms are based on a one-of-a-kind compression technology that requires orders of magnitude less quantum processor resources to solve a given problem than comparable approaches. Kipu Quantum’s technology has the potential to solve industry-relevant problems in the order of 1,000 physical qubits and is compatible with any leading quantum hardware. The company is currently testing its technology with customers in the pharmaceutical, chemical, logistics and financial industries.
