Detailed price information for Adv Micro Devices (AMD-Q) from The Globe and Mail including charting and trades.

IBM said its new processors and software breakthroughs will speed its path toward fault-tolerant quantum computing by 2029.

IBM IBM-N announced on Wednesday it has built a new experimental quantum computing chip called Loon that demonstrates it hit a key milestone toward making useful quantum computers before the end of the decade.

"There are many pillars to bringing truly useful quantum computing to the world," said IBM Research director Jay Gambetta. "We believe that IBM is the only company that is positioned to rapidly invent and scale quantum software, hardware, fabrication, and error correction to unlock transformative applications."

Shares of IBM (NYSE:IBM) rose about 2% on Wednesday intraday trading, settling 0.5% on the closing bell after the company revealed major progress in its quantum computing program. At its annual Quantum Developer Conference,

The second product announced this morning is IBM Quantum Nighthawk, a processor that will enable the immediate continuation of operating powerful quantum systems. IBM’s current product is already the best in the industry. Nighthawk is 30 percent more efficient.

SAN FRANCISCO: IBM announced on Wednesday that it has built a new experimental quantum computing chip called Loon that demonstrates it has hit a key milestone toward making useful quantum computers before the end of the decade.

IBM quantum hardware has shown that quantum algorithms can detect subtle anomalies in complex datasets faster than classical systems – a key step toward detecting fraud faster

Distributed on behalf of SuperQ Quantum Computing Inc.