Mentioned:
There’s a new quantum computer in Illinois. And IBM is behind it.
What’s happening:
- IBM (NYSE: IBM) has successfully deployed a Quantum System Two with their 120-qubit Nighthawk r2 processor at the University of Chicago’s Hyde Park Labs
Why it matters:
- This is the first time IBM has deployed a Quantum System Two outside of one of their own facilities in the United States
Going deeper:
- The University of Chicago’s purchase of IBM’s Quantum System Two was funded by a $25M USD grant from the Illinois Department of Commerce and Economic Opportunity
- University researchers at the University of Chicago and companies including Deloitte and AbbVie (NYSE: ABBV) as well as multiple quantum computing startups will all have access to IBM’s Quantum System Two
The intrigue:
- IBM has been making a flurry of moves focused on quantum computing lately, including just recently requesting formal approval from the Dutchess County Industrial Development Agency for a 30 year payment-in-lieu-of-taxes deal to advance their $2.5B USD quantum computing facility in Poughkeepsie, New York
