At the 2019 Consumer Electronics Show (CES), IBM unveiled IBM Q System One, the world’s “first integrated universal approximate quantum computing system designed for scientific and commercial use”. IBM also announced plans to open its first IBM Q Quantum Computation Center for commercial clients in Poughkeepsie, New York in 2019.
IBM Q systems are designed to (one day) tackle problems that are currently seen as too complex and exponential in nature for classical systems to handle. Future applications of quantum computing to financial services may include finding new ways to model financial data and isolating key global risk factors to make better investments. Barclays and J.P. Morgan are signed on to IBM Q’s commercial pilot projects.
“The IBM Q System One is a major step forward in the commercialization of quantum computing,” said Arvind Krishna, senior vice president of Hybrid Cloud and director of IBM Research. “This new system is critical in expanding quantum computing beyond the walls of the research lab as we work to develop practical quantum applications for business and science.”