Finland-based IQM Quantum Computers has signed a Memorandum of Understanding with Beyond Limits, a Singapore-based developer of enterprise-grade AI software to drive the advancement of quantum AI technology within the Asia-Pacific (APAC) region.
The region is home to some of the largest data centers in the world, and AI is rapidly becoming a driving force in data centers. Meanwhile, companies such as SandboxAQ and IBM have started to explore the intersection of quantum and AI, so it makes sense that more start-ups from each of those sectors are going to start joining forces.
In this case, the partners are aiming to develop hybrid quantum AI algorithms, which rank among the top five technologies of the future by the Infocomm Media Development Authority of Singapore (IMDA), they said.
The companies said they plan “to pioneer a Quantum AI education and training offering, and new product research opportunities by the end of this year,” a statement said. “The companies will also develop industry use cases together within the next two years. In addition, the partnership will lay the groundwork for quantum hardware collaboration in Singapore, aimed at accelerating research and innovation within the regional quantum ecosystem.”
David Liu, Executive Vice President, Global Partnerships and Channels, Beyond Limits, said, “Quantum AI is a growing field of technology, and we see many cross-sector opportunities especially within heavyweight industries, from oil and gas and manufacturing to aviation, healthcare, and financial services. This strategic partnership enables us to leverage the power of quantum computers to future-proof AI algorithms, and help our customers reap the early benefits of commercial quantum computing. With our highly innovative technologies, strong research, and development capabilities, as well as presence within APAC, we are confident that together, we are able to support our customers to effectively address key challenges, such as material discovery for decarbonization.”
Dr. Juha Vartiainen, Chief Operating Officer and Co-founder of IQM Quantum Computers, added, “This partnership with Beyond Limits reinforces our commitment to quantum technology development in APAC. In line with our recent office opening in Singapore, we aim to accelerate research, development, and education of quantum technology through strategic private-public collaborations in the value chain. This MOU is one of the several initiatives underway in the region to strengthen our position as a trusted quantum computing leader here.”
Dan O’Shea has covered telecommunications and related topics including semiconductors, sensors, retail systems, digital payments and quantum computing/technology for over 25 years.