By [email protected]_84Posted on

By Dean Seal

Shares of Quantum Computing Inc. were up 20% at $3.48 in early trading Tuesday after it unveiled software that it says can expand processing power on quantum computers by up to 2,000%.


The Leesburg, Va.-based company said it has filed for patents on QAmplify, its new suite of quantum software technologies that can dramatically increase the problem set size that current quantum computers can process.




Quantum Computing said that an IBM quantum computer that uses QAmplify can solve a problem with more than 600 variables, compared with the current limit of 127 variables.


William McGann, the company’s chief operating and technology officer, said Tuesday that the QAmplify algorithm was recently used in the 2021 BMW Group Quantum Computing Challenge for vehicle sensor optimization, where it expanded the “effective capability of the annealer by 20-fold.”


Write to Dean Seal at [email protected]





	    

	   
	

    

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