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International Business Machines Corporation (IBM) has unveiled the IBM Quantum Nighthawk, its most advanced quantum processor to date. This processor features superior qubit connectivity, allowing for circuits with 30% more complexity than previous models. The advancements aim to facilitate users’ pursuit of quantum advantage, where quantum computers outperform classical ones.
IBM is also enhancing its Qiskit software platform, which has evolved since its 2017 launch into a comprehensive quantum software stack. The latest version offers a 24% increase in accuracy for circuits over 100 qubits and introduces an execution model with improved error mitigation capabilities.
Financially, IBM’s stock has risen 50.7% over the past year, compared to the industry average of 75.8%. However, the company is facing margin pressures due to competition from Amazon Web Services and Microsoft Azure. To manage costs, IBM is undertaking job cuts, shifting many roles to India, though exact figures remain undisclosed.
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