JPMorgan Chase, Argonne And Quantinuum Show Theoretical Quantum Speedup With The Quantum Approximate Optimization Algorithm

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  • Researchers report they have demonstrated clear evidence of a quantum algorithmic speedup for the quantum approximate optimization algorithm.
  • According to the paper, the algorithm has been studied extensively and has been implemented on many quantum computers.
  • The researchers say the advance has potential application in fields such as logistics, telecommunications, financial modeling and materials science.
  • Image by Argonne National Laboratory

PRESS RELEASE — In a new paper in Science Advances, researchers at JPMorgan Chase, the U.S. Department of Energy’s (DOE) Argonne National Laboratory and Quantinuum have demonstrated clear evidence of a quantum algorithmic speedup for the quantum approximate optimization algorithm (QAOA).

This algorithm has been studied extensively and has been implemented on many quantum computers. It has potential application in fields such as logistics, telecommunications, financial modeling and materials science.

“This work is a significant step towards reaching quantum advantage, laying the foundation for future impact in production,” said Marco Pistoia, head of Global Technology Applied Research at JPMorgan Chase.

Introducing TQI 2.0Introducing TQI 2.0

The team examined whether a quantum algorithm with low implementation costs could provide a quantum speedup over the best-known classical methods. QAOA was applied to the Low Autocorrelation Binary Sequences problem, which has significance in understanding the behavior of physical systems, signal processing and cryptography. The study showed that if the algorithm was asked to tackle increasingly larger problems, the time it would take to solve them would grow at a slower rate than that of a classical solver.

To explore the quantum algorithm’s performance in an ideal noiseless setting, JPMorgan Chase and Argonne jointly developed a simulator to evaluate the algorithm’s performance at scale. It was built on the Polaris supercomputer, accessed through the Argonne Leadership Computing Facility (ALCF), a DOE Office of Science user facility. The ALCF is supported by DOE’s Advanced Scientific Computing Research program.

“The large-scale quantum circuit simulations efficiently utilized the DOE petascale supercomputer Polaris located at the ALCF. These results show how high performance computing can complement and advance the field of quantum information science,” said Yuri Alexeev, a computational scientist at Argonne. Jeffrey Larson, a computational mathematician in Argonne’s Mathematics and Computer Science Division, also contributed to this research.

To take the first step toward practical realization of the speedup in the algorithm, the researchers demonstrated a small-scale implementation on Quantinuum’s System Model H1 and H2 trapped-ion quantum computers. Using algorithm-specific error detection, the team reduced the impact of errors on algorithmic performance by up to 65%.

“Our long-standing partnership with JPMorgan Chase led to this meaningful and noteworthy three-way research experiment that also brought in Argonne. The results could not have been achieved without the unprecedented and world leading quality of our H-Series Quantum Computer, which provides a flexible device for executing error-correcting and error-detecting experiments on top of gate fidelities that are years ahead of other quantum computers,” said Ilyas Khan, founder and chief product officer of Quantinuum.

Read the full research paper here: https://​www​.sci​ence​.org/​d​o​i​/​1​0​.​1​1​2​6​/​s​c​i​a​d​v​.​a​d​m6761

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MENTIONED IN THE ARTICLE

Argonne National Laboratory
Group & CenterUnited States · 1001-5000 FTEs

Argonne National Laboratory, one of the U.S. Department of Energy's national laboratories for science and engineering research, employs 3,400 employees, including 1,400 scientists and engineers, three-quarters of whom hold doctoral degrees. Argonne's annual operating budget of around $1 billion supports upwards of 200 research projects. Since 1990, Argonne has worked with more than 600 companies and numerous federal agencies and other organizations. The Lab has successfully launched its own Quantum Foundry to accelerate quantum information research.

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JPMorgan Chase
InvestorUnited States · 10001+ FTEs

JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company

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U.S. Department of Energy (DOE)
GovernmentUnited States · 10001+ FTEs

The mission of the Department of Energy is to ensure America's security and prosperity by addressing its energy, environmental, and nuclear challenges through transformative science and technology solutions. In September, 2022, Research supported by ASCR demonstrated that classical machine learning algorithms can accurately predict ground state properties and classify quantum phases of matter using data generated from quantum experiments. In November, 2022, Research supported by Q-NEXT revealed that the performance of a sensor network is constrained by the intrinsic noise associated with the quantum states used in the network. In March, 2023, Research funded by DOE SC NP achieved the first experimental observation of entanglement between dissimilar particles, specifically positive and negative pions. In August, 2023, Research funded by DOE SC BER demonstrated strong preservation of entanglement in a two-photon absorption process involving organic molecules, offering a new approach for developing quantum light-based spectroscopy and microscopy.

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Quantinuum
CompanyUnited Kingdom · 101-500 FTEs

Quantinuum builds full-stack quantum computing solutions for practical deployment. Leveraging proprietary enhancements to trapped-ion QCCD architecture, the company has launched multiple commercial hardware generations that deliver leading two-qubit gate fidelity and industry-topping accuracy.

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