shares of advanced micro device The stock rose more than 6% following the news. IBM The company’s chips can be used to run specific quantum computing algorithms.
IBM rose about 6%.
Reuters reported on Friday that IBM will publish a paper next week showing it can run quantum error correction algorithms on AMD’s field-programmable gate array chips.
Representatives for AMD and IBM did not respond to requests for comment.
In August, the two companies announced an agreement to develop quantum computing capabilities and integrate technologies. IBM also said it plans to debut a quantum computer by 2029.
This technology uses quantum mechanics to address problems that traditional computers cannot solve. Technology giants such as google, microsoft and Amazon We are also passionately working on the development of quantum computing.
Last year, Microsoft unveiled its first quantum computing chip and Google introduced the groundbreaking WIllow. The head of the Internet search company’s quantum technology told CNBC in March that the technology “will take five years to really break out.”
Various announcements brought new interest in quantum space, D Wave Quantum, righetti computingand ion Qall climbed on Friday.
The Trump administration on Thursday refuted reports that it was in talks to acquire stakes in quantum companies.
Attention: Commerce Department denies it is currently negotiating to invest in quantum companies
