REPLY Brings Quantum Computing Into Practice
14 Setembro 2023 - 4:30AM
Business Wire
Reply is part of the research project "Bench-QC", which stands
for application-driven benchmarking of quantum computing. The focus
of the project, which is funded by the Bavarian State Ministry of
Economic Affairs, Regional Development and Energy, is the
practical usability of quantum computing in industrial
applications. The initiative, consisting of industrial partners and
Fraunhofer institutes, specifically identifies the applications for
which quantum computing can provide a benefit to companies.
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The goal of the Bench-QC project is to
investigate when quantum computers produce better results than
classic high-performance computers. Reply has the role of
consortium leader and is bringing in already implemented use cases
in various industries in the field of quantum-inspired
optimization. (Photo: Reply)
Reply has the role of consortium leader and is bringing in
already implemented use cases in various industries in the field of
quantum-inspired optimization. Reply has developed an efficient
classical solver for QUBO (quadratic unconstrained binary
optimization) problems: the Reply tool "MegaQUBO" finds
solutions for tens of thousands of variables within seconds.
Reply's reference implementation for hybrid neural networks is also
included in the benchmarking project.
Filippo Rizzante, CTO at Reply, commented: "We are very excited
to bring quantum computing into practice. With this initiative, we
want to bring academic discussions to the business world and show
companies how they can use quantum computing commercially and the
benefits they can derive from it. That is why we have developed
quantum-inspired algorithms that allow us to describe and optimize
complex situations, giving companies time and cost savings".
In addition to Reply, the project partners include BMW, and the
two Fraunhofer institutes for Integrated Circuits IIS, and for
Cognitive Systems IKS. The lighthouse project, scheduled for three
years, is part of the Munich Quantum Valley of the Bavarian state
government, and aims to establish expertise in quantum computing
and quantum technologies in Bavaria.
Reply Reply [EXM, STAR: REY] specialises in the design
and implementation of solutions based on new communication channels
and digital media. As a network of highly specialised companies,
Reply defines and develops business models enabled by the new
models of AI, big data, cloud computing, digital media and the
internet of things. Reply delivers consulting, system integration
and digital services to organisations across the telecom and media;
industry and services; banking and insurance; and public sectors.
www.reply.com
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version on businesswire.com: https://www.businesswire.com/news/home/20230914964363/en/
Media contacts:
Reply Fabio Zappelli f.zappelli@reply.com Tel.
+390117711594
Sandra Dennhardt s.dennhardt@reply.com Tel. +49 170 4546229
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