Algorithmiq, Nvidia Joint Venture Addresses Major Quantum Computing Challenge

Quantum computing is expected to be a big part of AI and security advancements.

Helsinki-based Algorithmiq, which develops algorithms for quantum computing, announced on Monday a joint venture with Nvidia that can help solve a big challenge in quantum computing: error mitigation.

According to Algorithmiq, error mitigation is “vital for making quantum simulations accurate and scalable,” the company said in a news release.

Error mitigation “uses the outputs of ensembles of circuits to reduce or eliminate the effect of noise in estimating expectation values. We see error mitigation as the key to realizing useful quantum computers on the near term,” an IBM blog post explained.

Quantum computing is computing that uses quantum physics, creating super turbo-charged computers that can perform data analytics as well as highly complex simulations that can be used to create climate change models, advanced AI, develop drugs and medicine, optimize traffic patterns and more.

The joint venture pairs Algorithmiq’s quantum software solution with Nvidia’s accelerated computing capabilities.

According to Algorithmiq, early testing showed that Nvidia’s quantum platform boosted performance of Algorithmiq’s Tensor Network Error Mitigation (TEM) by 300 times compared to TEM’s original implementation.

Quantum computing is expected to play a significant role in AI computing and security advancements.

“Quantum computing represents a paradigm shift in computing that can solve problems exponentially faster than classic algorithms. QC is poised to revolutionize data encryption, amplify decision making in complex scenarios, speed up R&D, refine financial models and redefine AI-driven insights,” according to research firm Gartner.

“Quantum computing’s future hinges on its seamless integration with AI supercomputing,” said Elica (Elitsa) Kyoseva, director of quantum algorithm engineering at NVIDIA in a news release. “NVIDIA technologies, integrated with innovations such as Algorithmiq’s quantum software, are powering the research that’s bringing useful quantum applications closer to reality and showcasing the crucial role AI supercomputing will play in quantum computing.”

"Algorithmiq is uniquely positioned to further the development of quantum computing applications across a vast number of industries. The substantial acceleration of our TEM solution with Nvidia-accelerated supercomputing is a game-changer for quantum error mitigation. Working with Nvidia creates a tremendous synergy that is poised to drive unprecedented advancements in quantum computing. We're not just pushing boundaries but redefining what's possible in the quantum realm,” said Sabrina Maniscalco, CEO and co-founder of Algorithmiq, in a news release.