LG Electronics joins IBM’s Quantum Network
- LG Electronics joins the IBM Quantum Network to advance the industry applications of quantum computing.
- With IBM Quantum, LG can leverage quantum computing hardware and software advances and applications as they emerge.
- The IBM Quantum Network is a community of some 170 companies that are working with IBM to advance quantum computing research and development.
As quantum computing use cases and applications continue to be developed, LG Electronics (LG) has joined the IBM Quantum Network. LG is hoping to work with IBM to advance the industry applications of quantum computing.
Through the network, LG will now be able to leverage IBM’s quantum computing systems, as well as IBM’s quantum expertise and Qiskit, IBM’s open-source quantum information software development kit.
Interestingly, this isn’t LG’s first approach to quantum computing. In early 2021, LG announced a multi-year research collaboration with Qu&Co to develop and test quantum algorithms for multiphysics simulations.
A leading quantum computational software developer from Europe, Qu&Co software will empower corporate researchers to run complex chemistry and multiphysics simulations on future quantum processors with unprecedented accuracy and speed.
Known for its electronic products, LG aims to explore applications of quantum computing in the industry to support big data, artificial intelligence, connected cars, digital transformation, IoT, and robotics applications, all of which require processing a large amount of data.
“Based on our open innovation strategy, we plan to use IBM Quantum to develop our competency in quantum computing. We aim to provide customers with value that they have not experienced so far by leveraging quantum computing technology in future businesses,” said Byoung-Hoon Kim, CTO and Executive Vice President of LG Electronics.
With IBM Quantum, LG can leverage quantum computing hardware and software advances and applications as they emerge, in accordance with IBM’s quantum roadmap. By leveraging IBM Quantum technology, LG will provide workforce training to its employees, permitting LG to investigate how potential breakthroughs can be applied to its industry.
For Jay Gambetta, IBM Fellow, and VP, Quantum Computing at IBM, “the relationship between IBM and LG Electronics will permit LG to explore new types of problems associated with emerging technologies and will help strengthen the quantum capabilities in Korea.”
The Quantum Network
The IBM Quantum Network is a community of some 170 companies including Fortune 500 companies as well as academic institutions, startups, and national research labs that are working with IBM to advance quantum computing research and development. Some of the members that are part of the network include Toyota, Samsung, Sony, Boeing, MIT, and other universities around the world.
The IBM Quantum team and clients are researching and exploring how quantum computing will help a variety of industries and disciplines, including finance, energy, chemistry, materials science, optimization, and machine learning, among many others.
Quantum computing is an exciting evolution in computation. While classical computers calculate in bits that represent 0 and 1, quantum computers use qubits that harness quantum mechanical phenomena such as interference and entanglement in computation to solve problems that are fundamentally intractable for classical computers.
As a result, quantum computing is well suited to help explore new approaches to solving problems like those in LG Electronics’ open innovation strategy including big data, artificial intelligence, connected cars, digital transformation, IoT, and robotics applications.
At the IBM Quantum Summit in November 2021, IBM recently unveiled its new ‘Eagle’ quantum computing processor with 127 qubits, a major step forward in IBM’s roadmap to reach Quantum Advantage.
- Accelerated need for Singaporean brands to leverage data as a strategic asset
- US-China: Are the Chinese EVs the next target of scrutiny by the Biden administration?
- Threat actors on the rise: What businesses need to know from BlackBerry’s threat intelligence report
- Exabytes Network to diversify customer offerings for SMEs in 2023
- ChatGPT takes meetings to the next level for Microsoft Teams users