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 announced plans to build the world's first large-scale, fault-tolerant quantum computer by 2029, aiming for practical and scalable quantum computing.
IBM's algorithm for error correction can run on AMD chips, according to a research paper reviewed by Reuters.
IBM's Quantum Progress
- IBM's stock is having its best day since January
- Quantum computing efforts are driving the stock's surge
- IBM plans to build a large-scale, fault-tolerant quantum computer by 2029
Author's summary: IBM's stock surges due to quantum computing progress.
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