The state-of-the-art software designer, Quantum Computing Inc (NASDAQ: QUBT), has been selected by the BMW Group and Amazon Web Services for the finals of their Quantum Computing Challenge.
The Qatalyst ready-to-run quantum software has been selected as one of three finalists for the competition’s Vehicle Sensor Placement use case – leaving their mark as evident innovators in the quantum space and suggesting real-world quantum capability is just around the corner.
The competition’s ‘use case’ problems represent crucial commercial applications that illuminate the everyday value of quantum computing- hence the challenge acts as a competitive milestone for the future of quantum possibilities.
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Bob Liscouski, CEO of QCI notes the approaching reality of quantum computing:
“This Challenge is yet another step in showcasing quantum computing’s potential for commercial applications and real-world business problem solving”
Adding…
“We are pleased that we have been selected to participate in the final level of competition, and our team will work hard to demonstrate the power of Qatalyst. Regardless of the final outcome, we believe that the applications for quantum computing will significantly increase over the coming years, and QCI is well-positioned to be a key player.”
Quantum Computing Inc is holding a daily gain of 24%, with an impressive annual increase of 114%. QUBT Stock is trading at $7.63, steadily approaching the $8 level.