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Quantum Computing releases further details on Mukai quantum application development platform

Mukai enables developers to create quantum-ready applications that can run on both classical and quantum computers

Quantum Computing Inc. - Quantum Computing releases further details on Mukai quantum application development platform
The Virginia-based company is developing applications to allow companies to exploit the power of quantum computing to their advantage

Quantum Computing Inc (OTCMKTS:QUBT), an advanced technology company developing quantum-ready applications and tools, announced Wednesday further details regarding its recently released Mukai quantum application development platform.

Mukai can be used to attack some of the most difficult computing challenges in industry and government by enabling developers to create quantum-ready applications that can run on both classical and quantum computers. The platform is available today, running on QCI’s scalable, classical cloud infrastructure.

Quantum Computing said the slowing of Moore’s Law and the diminishing return on technological performance from classical computers has driven an intense focus on developing quantum computers. 

READ: Quantum Computing adds medical expert Dr Michael Liebman to advisory board

Industry giants such as IBM, Microsoft, Google, and Amazon are investing millions now, as are the governments of the US, China, and EMEA countries. The US has established its National Quantum Initiative with a $1 billion investment and much more on the way, while China alone has committed over $10 billion of investment into quantum computing. 

It could be five or even 10 years until quantum computing hardware shows real commercially viable business advantage, although the marketplace demands and expects near-term benefits. Just as software and apps were the key to the smartphone revolution, quantum software and end-user apps are the key to the quantum computing revolution. End-user needs and applications will drive and accelerate the development and adaptation of scalable quantum computing technology.

Quantum Computing said its mission is developing quantum-ready software applications, analytics, and tools to deliver superior performance - today. Its market is users who want practical benefit from quantum computers for their production workloads as soon as possible and have limited time to develop deep in-house quantum-computing proficiency. 

The company said it believes that the startling advances in quantum computer hardware must be matched by similar advances in quantum computer software to ensure quantum computers deliver practical benefit quickly. 

Quantum Computing enables the creation of quantum-ready applications that provide superior performance today and will immediately accelerate when production quantum computers become a reality, without tailoring the application to a particular vendor’s quantum-computer hardware.

Quantum-enabled software is the on-ramp Quantum Computing is building with its quantum-enabled applications and quantum software development platform that deliver business value today.

Mukai Middleware software launch

The company launched its Mukai Middleware software, its quantum application development platform, in January 2020. Mukai can be used to solve extremely complex optimization problems, which are at the heart of some of the most difficult computing challenges in industry and government. Its software stack enables developers to create and execute quantum-ready applications on classical computers and current quantum annealers, while being ready to run on quantum computers when those systems can achieve performance advantage. 

Quantum Computing has already demonstrated superior performance for applications built on Mukai running on classical computers. Mukai enables application development in a wide range of domains that can benefit from improved optimization capabilities: fintech, pharmaceutical, logistics and supply chain, autonomous vehicles, energy efficiency and a variety of other areas.

Discrete combinatorial optimization is one high-value class of problems expected to benefit greatly from quantum computers, and techniques for exploiting quantum computers for optimization have been deeply explored, evidenced by the work on quantum annealers by early D-Wave researchers and on gate-model QCs by researchers of the Quantum Approximate Optimization Algorithm (QAOA).

The company's first software product, the Mukai software stack, is centered on the quadratic unconstrained binary optimization (QUBO) formulation well known to quantum annealing users. The Mukai software product includes two primary toolkits – the QCI NetworkX graph-analysis package and the QCI QUBO solver.

 

Quick facts: Quantum Computing Inc.

Price: 2.65 USD

OTCQB:QUBT
Market: OTCQB
Market Cap: $21.03 m
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