PRESS RELEASE — IBM today announced that LG Electronics has joined the IBM Quantum Network to advance the industry applications of quantum computing.
By joining the Network, IBM Quantum will provide LG Electronics access to IBM’s quantum computing systems via the IBM Cloud, as well as to IBM’s quantum expertise and Qiskit, IBM’s open-source quantum information software development kit.
IBM will work with LG Electronics over the next three years, to explore applications of quantum computing in 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.
Working collaboratively, IBM Quantum will help LG to leverage quantum computing hardware and software advances and applications as they emerge, in accordance with IBM’s quantum roadmap. In addition, IBM would provide workforce training, and work with LG on how potential breakthroughs can be applied to its industry.
“Based on our open innovation strategy, we plan to work with IBM Quantum to develop our competency in quantum computing” said Byoung-Hoon Kim, CTO and Executive Vice President of LG Electronics. “We aim to provide customers with value that they have not experienced so far by leveraging quantum computing technology in future businesses.”
“The collaboration between IBM and LG Electronics to explore new types of problems associated with emerging technologies like connected cars and artificial intelligence with quantum computing will only serve to further strengthen the country’s capabilities.”
“We’re happy to welcome LG Electronics to a growing quantum computing ecosystem in Korea at an exciting time for the region,” said Jay Gambetta, IBM Fellow and VP, Quantum Computing at IBM. “The collaboration between IBM and LG Electronics to explore new types of problems associated with emerging technologies like connected cars and artificial intelligence with quantum computing will only serve to further strengthen the country’s capabilities.”
Quantum computing is the first new model of computation in the history of computing that has
branched from the classical computing architecture. 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 to compute problems that are fundamentally intractable for classical computers. As a result, quantum computing is uniquely suited to help explore new types of 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, IBM recently unveiled its new ‘Eagle’ quantum computing processor with 127 qubits, a major step forward in IBM’s roadmap to reach Quantum Advantage.
There are more than 170 clients, including LG Electronics, Fortune 500 companies, start-ups, academic institutions and research labs working with IBM Quantum to advance quantum computing and explore practical applications. Together, 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.
About IBM Quantum
IBM Quantum is an industry-first initiative to build universal quantum systems for business and science applications. For more information about IBM’s quantum computing efforts, please visit www.ibm.com/quantum-computing/
For more market insights, check out our latest quantum computing news here.
