- Quantum Computing (NASDAQ:QUBT) shares lost more than 9 per cent in 24 hours, but the company still has engaging news to share
- The photonic-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 US$1.61
Quantum Computing (NASDAQ:QUBT) shares lost more than 9 per cent in 24 hours, but the company still has engaging news to share.
The photonic-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 into higher dimensional computational spaces through the dynamics of a fixed, non-linear system called a reservoir.
The company’s first reservoir computer uses its proprietary capability to program commercial Field-programmable gate array (FPGA) chips to create a small footprint hardware device that requires 80 per cent to 95 per cent less electricity than traditional computers.
The company’s chief quantum scientist, Dr. Yuping Huang, explained that Quantum’s core mission has been to “democratize quantum and photonic technology.”
“We recognize there is a significant barrier for individuals and small business to access large data centres and high-end GPUs, particularly as it relates to AI. We aim to lower this barrier by offering a photonic accelerated system at a low cost and small size,” Huang said. “As a result of years of research and development of innovative photonics engineering, combined with custom hardware and advanced AI techniques, our team has created a powerful yet affordable computing platform of machine-learning specific hardware.”
Quantum CEO Robert Liscouski added that this launch represents a significant advancement 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 particularly suitable for use as edge computing tools,” Liscouski said.
Quantum Computing Inc. provides software tools and applications for quantum computers. Its products include the 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 those systems achieve performance advantage. The company recently received a follow-on task order to its subcontract award, announced on Feb. 8, to support NASA in remote sensing and climate change monitoring. Click here to read more.
Quantum Computing Inc. (QUBT) opened trading at US$1.61 and has grown 13 per cent year-to-date.
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