PANews June 15 news, according to Cailian Press, IBM announced this week that it plans to launch a practical large-scale fault-tolerant quantum computer by 2029, and detailed the company's roadmapPANews June 15 news, according to Cailian Press, IBM announced this week that it plans to launch a practical large-scale fault-tolerant quantum computer by 2029, and detailed the company's roadmap

IBM releases roadmap: launch large-scale fault-tolerant quantum computer by 2029

2025/06/15 08:58

PANews June 15 news, according to Cailian Press, IBM announced this week that it plans to launch a practical large-scale fault-tolerant quantum computer by 2029, and detailed the company's roadmap to achieve this goal. IBM said it plans to have a larger-scale quantum computing system by 2029. The company will build a quantum computer called "Starling" in a data center in Poughkeepsie, New York, and said it will have about 200 logical qubits. The computing power is expected to reach 20,000 times that of existing quantum computers, which can support users to explore complex quantum states that far exceed the limitations of current devices. Qubits are the basic units of quantum computing, and 200 qubits are enough to begin to show advantages over classical computers.

Jay Gambetta, IBM’s vice president of quantum business, claimed that IBM’s confidence in its 2029 roadmap stems from two recent advances: further progress on a new method to reduce errors, called qLDPC error-correcting codes, and the use of traditional computing techniques to identify and correct errors in real time.

Gartner analyst Chirag Dekate commented that it is unclear how IBM's breakthrough will "translate into tangible business value," and the transformative potential of fault-tolerant quantum computers remains a matter of speculation. IBM's plan also does not detail the commercial availability of its new quantum computer, nor the specific date for the release of its error-correcting system.

Related reading: Quantum Key Crisis: Bitcoin faces a countdown to a $42 billion “big liquidation”

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UK Looks to US to Adopt More Crypto-Friendly Approach

UK Looks to US to Adopt More Crypto-Friendly Approach

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…
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BitcoinEthereumNews2025/09/18 02:21