“`html
IBM and Cisco have partnered to create a connected network of fault-tolerant quantum computers, targeting completion by 2030. This collaboration aims to develop a quantum computing Internet, linking various quantum technologies such as computers, sensors, and communications across multiple locations. IBM will develop a quantum networking unit (QNU) to connect quantum computers to a quantum processing unit (QPU), while Cisco focuses on a high-speed software protocol framework to manage quantum information transfer.
IBM has already established a partnership with Advanced Micro Devices (AMD) to innovate in next-generation quantum-centric supercomputing architectures. Additionally, IBM’s quantum software platform, Qiskit, recently enhanced capabilities, achieving a 24% increase in accuracy with over 100 qubits, further empowering developers.
As of now, IBM’s stock has risen 35.7% in the past year, outperforming competitors like Amazon (10.7%) and Microsoft (14.1%). However, the company is facing challenges due to high operational costs, pricing pressure, and a significant transition to cloud computing, resulting in planned job cuts to optimize resources.
“`
