- Materials technology company Archer Materials (AXE) has teamed up with Max Kelson to develop quantum algorithms for the CQ computer processing chip
- The collaboration is an essential step as algorithms are important in building the chip
- The aim of the chip is to apply and run quantum algorithms, which overall help outperform modern computing
- The Australian companies are members of the IBM Q Network, allowing them to use IBM’s Qiskit and quantum computers for testing and validation
- On the market today, Archer is up 5.56 per cent and is trading for 57 cents per share
Archer Materials (AXE) is teaming up with leading artificial intelligence (AI) and machine learning company Max Kelson to develop quantum algorithms.
The algorithms will be for the CQ quantum computing processor chip. The CQ chip is a world-first quantum processor technology that Archer aims to build for quantum computing.
The collaboration is a critical step in the commercialisation of the CQ chip because an important step in building the chip is to apply and run quantum algorithms, which overall help outperform modern computing.
Both Archer and Max Kelson are members of the IBM Q Network, giving them access to IBM’s Qiskit programming and cloud-based quantum computing, this gives the companies the technology to practice algorithms.
“As part of Archer’s forward-looking strategy, the partnership with Max Kelsen – a leading AI and Quantum Computing firm – is a key step forward in the commercialisation of our 12CQ chip technology,” CEO Mohammad Choucair said.
“It’s a great example of how two Australian IBM Q Network Members are working together to realise the commercial potential of quantum computing,” he added.
On the market today, Archer is up 5.56 per cent and is trading at 57 cents per share at 3:25 pm AEDT.