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How Quantum computing is helping the Real World

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Exploiting Quantum Computing Concepts to unravel Real-World Problems

QCI Achieves Best-in-Class Performance with its Mukai Quantum-Ready Application Platform

LEESBURG, Va., June 02, 2020 (GLOBE NEWSWIRE) — Quantum Computing Inc. (OTCQB: QUBT) (QCI), a technology leader in quantum-ready applications and tools, reported during a newly released scientific paper that QCI qbsolv™, a component of its Mukai™ software execution platform for quantum computers, has delivered on its promise of immediate performance benefits from quantum-ready methods running on classical computers.

 

These performance benefits eliminate one among the best obstacles to the event and adoption of quantum-ready applications, since up so far they need to be been slower than traditional methods running classically. The results show that Mukai provides better results than currently used software to unravel complex optimization problems faced by nearly every major company and agency worldwide.

 

While future quantum computers are expected to deliver even greater performance benefits, Mukai delivers today the best-known quality of results, time-to-solution, and a variety of solutions during a commercially available service. This superior capability enables business and government organizations to become quantum-ready today and realize immediate benefits from improved performance.

 

Optimization problems can occur in logistics routing, where timely delivery, reduced fuel consumption, and driver safety all inherit play. Optimization solutions can significantly mitigate the impact to revenue or business operations posed by events like flooding or power outages. Companies can leverage the robust and diverse solutions offered by Mukai to attenuate disruptive high-impact events in real-time.

 

Optimization also can be achieved in R&D contexts like drug design, where better-predicted folding can speed the planning process, increase the efficacy of the medicine , and guide the look for patient cohorts who might benefit. Optimization of business processes generated by solvers like Mukai may result in savings of many billions of dollars annually.

 

The technical study used MIT’s MQlib, a well-established combinatorial optimization benchmark, to match QCI absolve performance with those of a spread of solvers. QCI absolve delivered better quality or “energy” of results for many problems (27 of 45) and sometimes ran quite fourfold faster than the simplest MQlib solver (21 of 45 problems).

 

In terms of diversity of results—finding, for instance, logistics routes that are quite different from each other—QCI absolve often found dozens of binary results that were different in additional than 350 different positions (i.e., route segments). Known also to researchers as Hamming distance, diversity of results is another important advantage expected of quantum computing.

 

The paper, QCI Qbsolv Delivers Strong Classical Performance for Quantum-Ready Formulation, describes the complete results and discusses their impact, and is out there at arxiv.org/abs/2005.11294.

 

“These results demonstrate that Mukai-powered applications can exploit quantum computing concepts to unravel real-world problems effectively using classical computers,” noted QCI CTO, Mike Booth. “More importantly, the standard, speed, and variety of solutions offered by Mukai means government and company organizations can use Mukai to adopt quantum-ready approaches today without sacrificing performance. Mukai is additionally hardware-agnostic, enabling adopters to take advantage of whichever hardware delivers the quantum advantage. We’re confident that leading companies can leverage Mukai today to realize a competitive advantage.”

 

“To make certain, we are very early within the quantum computing and software era,” continued Booth. “Just because the vectorizing compilers for Cray’s processors improved radically over time, we are getting to introduce further performance improvements to Mukai over the approaching months. a number of these advancements will benefit application performance using classical computers also as hybrid quantum-classical scenarios, but all are going to be essential to delivering the quantum advantage. We expect Mukai to play an integral role within the quantum computing landscape by enabling organizations to tap into quantum-inspired insights today to raised answer their high-value problems.”

 

The Mukai software execution platform for quantum computers enables users and application developers to unravel complex discrete constrained-optimization problems that are at the guts of a number of the foremost difficult computing challenges in industry, government, and academia. This includes, for instance, scheduling technicians, parts and tools for engine repair, or designing proteins for coronavirus vaccines and therapies.

 

QCI recently announced version 1.1 of Mukai, which introduced higher performance and greater ease-of-use for subject-matter experts who develop quantum-ready applications and wish superior performance today. Local software connects users to the Mukai cloud service for solving extremely complex optimization problems. It enables developers to make and execute quantum-ready applications on classical computers today that can run on the quantum computers of tomorrow when these systems achieve performance superiority.

 

Mukai addresses the fast-growing marketplace for quantum computing, which is predicted to grow at a 23.2% CAGR to $9.1 billion by 2030, consistent with Tractica.

 

For more information about Mukai or an indication of the platform, contact John Dawson at (703) 436-2161 or

[email protected]

About Quantum Computing Inc.
Quantum Computing Inc. (QCI) is concentrated on developing novel applications and solutions utilizing quantum and quantum-ready computing techniques to unravel difficult problems in various industries. the corporate is leveraging its team of experts in finance, computing, security, mathematics, and physics to develop commercial applications for industries and government agencies which will need quantum computing power to unravel their most challenging problems. For more information about QCI, visit www.quantumcomputinginc.com.

Important Cautions Regarding Forward-Looking Statements
This handout contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend upon circumstances which will occur within the near future. Those statements include statements regarding the intent, belief, or current expectations of Quantum Computing (“Company”), and members of its management also because the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements aren’t guarantees of future performance and involve risks and uncertainties, which actual results may differ materially from those contemplated by such forward-looking statements.

The Company undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. Statements during this handout that aren’t descriptions of historical facts are forward-looking statements concerning future events, and intrinsically all forward-looking statements are made under the Securities Litigation Reform Act of 1995. Statements may contain certain forward-looking statements concerning future anticipated or projected plans, performance and developments, also as other statements concerning future operations and results. Any statements during this presentation that aren’t statements of historical fact could also be considered to be forward-looking statements. Words like “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “intends,” “goal,” “objective,” “seek,” “attempt,” “aim to”, or variations of those or similar words, identify forward-looking statements. These risks and uncertainties include, but aren’t limited to, those described in Item 1A within the Company’s Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described within the Company’s filings with the SEC.

 

Source: Qubit report

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