- Quantum Computing (NASDAQ:QUBT) shares lost more than 9 percent in 24 hours, but the company still has exciting news to share
- The photonics-based quantum technology company released its first in-a-series Reservoir Computer, a cost-effective, powerful and portable hardware device the size of a small power pack
- With this launch, neuromorphic hardware has become more accessible and affordable for people and small businesses
- Quantum Computing Stocks (NASDAQ:QUBT) opened trading at $1.61
Quantum Computing (NASDAQ:QUBT) shares lost more than 9 percent in 24 hours, but the company still has exciting news to share.
The photonics-based quantum technology company released its first in-a-series Reservoir Computer, a cost-effective, powerful and portable hardware device the size of a small power pack.
With this launch, neuromorphic hardware has become more accessible and affordable for people and small businesses.
Reservoir computing is a framework for computation derived from recurrent neural network (RNN) theory, which maps input signals to higher dimensional computational spaces through the dynamics of a fixed, nonlinear system called a reservoir.
The company’s first reservoir computer uses its proprietary ability to program commercial field-programmable gate array (FPGA) chips to create a small-footprint hardware device that requires 80 percent to 95 percent less electricity than traditional computers.
The company’s chief quantum researcher, Dr. Yuping Huang, explained that Quantum’s core mission has been to “democratize quantum and photonic technology.”
“We recognize that there is a significant barrier for individuals and small businesses to gain access to large data centers and advanced GPUs, especially when it comes to artificial intelligence. We aim to lower this barrier by offering a photonic-accelerated system for a low cost and small size,” Huang said. “As a result of years of research and development of innovative photonics engineering, combined with customized hardware and advanced AI techniques, our team has created a powerful yet affordable machine learning-specific hardware computing platform.”
Quantum CEO Robert Liscouski added that this launch represents a significant advance in computing power and opens up new frontiers in problem solving across numerous industries.
“Our talented engineering team designed the reservoir computer to handle the most demanding computational challenges in seconds. Its minimal size, weight, power and cost factors make it well suited for use as edge computing tools,” said Liscouski.
Quantum Computing Inc. provides software tools and applications for quantum computers. Its products include Qatalyst, Qatalyst Core and Quantum Application Accelerator. Qatalyst enables developers to create and execute quantum-ready applications on conventional computers while being ready to run on quantum computers, where these systems achieve performance benefits. The company recently received a follow-up task order to its subcontract award, announced on February 8, to support NASA in remote sensing and climate change monitoring. Click here to read more.
Quantum Computing Inc. ( QUBT ) opened trading at $1.61 and is up 13 percent year-to-date.
The material in this article is for informational purposes only and should not be treated as investment advice. For full disclaimer, please click here.
#percent #stock #drop #Quantum #Computing #unveils #powerful #computer