IonQ and Fidelity Center for Applied Technology Announce Development of Scalable Quantum State Preparation for Monte Carlo Algorithms
The first-of-its-kind state preparation technique is scalable and has been demonstrated on IonQ hardware for up to 20 qubits.
- The first-of-its-kind state preparation technique is scalable and has been demonstrated on IonQ hardware for up to 20 qubits.
- State preparation is a necessary component of many quantum algorithms and is fundamental in expediting Monte Carlo methods, which use randomness to simulate outcomes of complex problems.
- IonQ and FCAT believe that when run on large and accurate quantum computers, this state preparation technique will help these institutions achieve faster results.
- “The Fidelity Center for Applied Technology team were early believers in the power of quantum to reshape the field of finance, and we are pleased to announce the development of a first-of-its-kind state preparation technique with them,” said Peter Chapman, CEO, IonQ.