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Qu&Co and LG Electronics Announce Multi-Year Research Collaboration to Develop and Test Quantum Algorithms

[Courtesty of LG Electronics]
Qu&Co, a quantum computational software developer from Europe, and LG Electronics (LG) are launching a three-year research collaboration to develop and test quantum algorithms for multiphysics simulations to solve some of LG’s most complex corporate research challenges.

The collaboration follows the publication late last year by Qu&Co and its research partner, the University of Exeter (UK), of novel quantum computational methods which in time could provide industry-relevant quantum advantages for solving multiphysics problems.

“For years it was uncertain whether quantum computers were able to treat complex nonlinear systems typical in multiphysics problems,” Said Dr. Vincent Elfving, CTO at Qu&Co. “With our new proprietary quantum algorithms for solving differential equations, we show a novel approach for treating nonlinearities directly and derivatives analytically that is compatible with near term quantum processors.”

“The disruptive potential of quantum computing will open up the boundaries of our imagination like never before,” said Dr. I.P. Park, president and CTO of LG Electronics. “Quantum computing promises to change the world by transforming medicine, revolutionizing communication and improving artificial intelligence. And while we won’t see quantum computers on our desks anytime soon, partnerships like the one we are initiating with Qu&Co are vital for elevating the level of applied research in this space.”

About LG Electronics
LG Electronics is a global innovator in technology and consumer goods with a presence in almost every country in the world and a diverse workforce of 74,000. LG is composed of five companies – Home Appliance & Air Solution, Home Entertainment, Mobile Communications, Vehicle Component Solutions and Business Solutions. With 2019 global sales of USD 53 billion, LG is a leading manufacturer of a wide range of products from TVs, washing machines, refrigerators, air conditioners, mobile devices, digital signage and automotive components. LG is also known for its premium LG SIGNATURE and advanced LG ThinQ brands, which feature the company’s artificial intelligence technology. For more news on LG, go to www.LGnewsroom.com

About Qu & Co
Qu&Co is a quantum computational software company founded in 2017 in Amsterdam, the Netherlands. Its software will empower corporate researchers to run complex chemistry and multiphysics simulations on future quantum processors with unprecedented accuracy and speed. Qu&Co’s SaaS platform solutions include unique and patented quantum algorithms and are distributed as backend integrations to leading conventional software packages. Qu&Co serves corporate research clients from large multinationals, has partnerships with US and European quantum hardware players and R&D collaborations with leading Universities from around the world. Visit www.quandco.com for more information.

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Matt Swayne

With a several-decades long background in journalism and communications, Matt Swayne has worked as a science communicator for an R1 university for more than 12 years, specializing in translating high tech and deep tech for the general audience. He has served as a writer, editor and analyst at The Quantum Insider since its inception. In addition to his service as a science communicator, Matt also develops courses to improve the media and communications skills of scientists and has taught courses. [email protected]

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The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Jake Vikoren

Jake Vikoren

Company Speaker

Deep Prasad

Deep Prasad

Company Speaker

Araceli Venegas

Araceli Venegas

Company Speaker

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