AMD shares surged by nearly 8% on Friday after IBM announced that standard AMD chips can run a critical quantum computing error correction algorithm. Investors’ response to the breakthrough in qubit technology advancement caused IBM stock to climb approximately 8% as well, heading toward its best single-day performance since January.
A recent report revealed that IBM can successfully operate error correction algorithms in real time on AMD’s field programmable gate array chips, marking significant progress toward building commercially viable quantum computers. The development addresses one of quantum computing’s most persistent challenges: managing the errors that plague qubit-based systems that can rapidly compromise computational accuracy.
Quantum computers rely on qubits, rather than bits, to solve complex problems that would take traditional computers millennia to process. This includes calculations that involve countless particle interactions across extended timeframes and would take regular computers billions of years.
However, qubits remain highly susceptible to errors that can quickly overwhelm useful computational work. IBM announced in June that it had created an algorithm to address these errors, and research published Monday will demonstrate the system operating in practical applications.
IBM research director Jay Gambetta emphasized that the work proves that the algorithm functions effectively using standard AMD components without the need for prohibitively expensive specialized equipment. Implementing the solution at a speed ten times faster than required using standard equipment is a significant achievement, Gambetta says. The breakthrough comes a year ahead of IBM’s projected timeline for its multi-year initiative to construct a quantum computer dubbed ‘Starling’ by 2029.
According to IBM, the development is a significant step toward deploying large-scale, fault-tolerant quantum computers. Designing error correction methods that function at scale without the need for expensive GPU clusters is a major milestone in industry efforts to make quantum computing commercially practical and accessible. The two companies formalized their collaboration through an August partnership agreement that focuses on integrating quantum computing capabilities.
Their partnership comes at a time of intensifying competition in the nascent quantum computing industry. Google unveiled its breakthrough Willow chip last year, while Microsoft introduced its first quantum computing chip in 2024. Amazon is also investing in the technology, with Google executives suggesting that the field is approximately five years away from a major breakthrough. Major technology firms like D-Wave Quantum Inc. (NYSE: QBTS) view quantum mechanics as an essential tool for addressing the computational challenges that are beyond the capacity of conventional systems, resulting in substantial investment across the burgeoning sector.
NOTE TO INVESTORS: The latest news and updates relating to D-Wave Quantum Inc. (NYSE: QBTS) are available in the company’s newsroom at https://ibn.fm/QBTS
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