Qunova Computing, a developer of software applications designed with the goal of bringing quantum utility to the chemical, pharmaceutical and industrial engineering sectors, today announces its HI-VQE algorithm is now available to the IBM Quantum Network through IBM’s Qiskit Functions Catalog. This worldwide network is comprised of more than 250 organizations including Fortune 500 companies, academic institutions, government labs and startups. These users now have access to a new tool for exploring applications on IBM’s utility-scale quantum computers.

Dr. Hyang-Tag Lim's research team at the Center for Quantum Technology at the Korea Institute of Science and Technology (KIST) has implemented a quantum computing algorithm that can estimate interatomic bond distances and ground state energies with chemical accuracy using fewer resources than conventional methods, and has succeeded in performing accurate calculations without the need for additional quantum error mitigation techniques.

Qunova Computing, a developer of quantum software applications designed to bring quantum computing to the chemical, pharmaceutical and industrial engineering industries, today announces the results from a series of recent tests performed on three different NISQ era quantum computers, each with a different qubit count. In each demonstration, Qunova’s algorithm was able to produce results with accuracy below the threshold of 1.6 millihartrees required for real-world quantum chemistry applications, a level known as ‘chemical accuracy’. This marks the first time this has been achieved on a commercially available device.

Quantinuum has optimized the “iceberg” error detection code, opening the door to early fault-tolerant quantum computing.