BlueQubit Inc. and Quantum Art Ltd. have been awarded a grant from the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation to develop and optimize quantum machine learning algorithms and quantum processor configuration methods.
The project is one of six approved by the BIRD Foundation, with a budget of $2.2 million over two years for quantum computing innovation.
BlueQubit, a California-based quantum computing company specializing in quantum software simulations, and Quantum Art, an Israeli company developing scalable quantum computers based on trapped ion qubits, aim to create innovative algorithms and optimize quantum processor configurations, potentially accelerating advancements in finance, pharmaceuticals, image analysis, and security.
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Hrant Gharibyan, CEO of BlueQubit, commented: “This collaboration, supported by the BIRD Foundation, offers a unique opportunity to advance quantum machine learning through the synergy of software and hardware co-design. By aligning our quantum algorithms with Quantum Art’s scalable hardware, we can address key challenges and make quantum technology accessible to enterprise users.”
Tal David, CEO of Quantum Art, added: “The biggest challenges in quantum computing today are scaling up the technology and optimizing quantum algorithms for wide commercial viability. This BIRD project tackles both in a focused and synergetic program. The combination of BlueQubit’s quantum machine learning algorithms, tailored for Quantum Art’s innovative architecture, drives us towards Quantum Advantage.”
This U.S.-Israeli partnership exemplifies the BIRD Foundation’s mission to foster collaboration between companies driving technological innovation and economic growth, aligning with the growing global interest in this transformative technology.
SOURCE: BusinessWire