LEESBURG, Va., Feb. 26, 2020 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (OTC:QUBT) (“QCI”), an advanced technology company developing quantum-ready applications and tools, announced further details regarding its recently released Mukai quantum application development platform.
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. Industry giants such as IBM, Microsoft, Google, and Amazon [and start-ups] 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 $1B investment and much more on the way, while China alone has committed over $10B of investment into quantum computing. It could be five or even ten years until quantum-computing hardware shows real commercially viable business advantage, however the marketplace demands/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 Inc.’s (QCI) mission is developing quantum-ready software applications, analytics, and tools to deliver superior performance - today. QCI’s 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. QCI 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. QCI 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 Inc. is building with its quantum-enabled applications and quantum software development platform that deliver business value today.
Mukai Quantum-Ready Application Development Platform
QCI 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. QCI 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.
Mukai – Solving Hard Problems
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). QCI’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.
QCI NetworkX graph-analysis package
- Graph analysis, which explores the structure and properties of collections of vertices and edges, has become a heavily used technique for exploring graphs derived from biological metabolic and signaling networks, transportation and logistics networks, computer networks especially as it relates to cybersecurity, and social networks. The NetworkX software package (paper, code) from Los Alamos National Lab enables subject-matter experts to use advanced graph algorithms without a deep understanding of their implementation. QCI NetworkX implements a set of extremely compute-intense (NP-hard to mathematicians) graph kernels that are expected to benefit the most from QCs; the kernels use the QUBO formulation (namely, graph partitioning, maximum cut, minimum vertex cover, minimum vertex coloring, maximum independent set, maximal matching, maximum clique, and Markov-network assignment).
QCI QUBO solver
QUBOs may be created by higher-level tools like QCI NetworkX or directly by application developers. However, they are derived, “solving” big and/or hard QUBOs is essential to solving a wide variety of discrete optimization problems. Depending on the circumstances, a user may want to solve quickly for a good-enough answer, solve for a very good answer, and/or find a diverse set of good answers. The QCI QUBO solver can be configured to work well in any of these situations and is markedly more powerful than existing solutions.
Use, Performance, and Licensing
The Mukai software product consists of a Python client package capable of running locally and on the cloud. Applications and analytics call the cloud-based services via QCI-client functions. User administration is performed by a web-based GUI. QCI licenses the Mukai software stack via a subscription. For details of Mukai’s licensing structure and cost, please contact us by email at info@QuantumComputingInc.com.
About Quantum Computing Inc.
Quantum Computing Inc. is a technology company focused on developing novel applications and solutions utilizing quantum and quantum-inspired computing to solve difficult problems in various industries. The Company is leveraging their collective expertise in finance, computing, security, mathematics, and physics to develop commercial applications for the financial, security, and government sectors. For more information about QCI, please visit www.QuantumComputingInc.com or email us at info@QuantumComputingInc.com.
Safe Harbor Statement: Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of Quantum Computing, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
The Company undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. Statements in this press release that are not descriptions of historical facts are forward-looking statements relating to future events, and as such all forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this presentation that are not statements of historical fact may be considered to be forward-looking statements. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," “aim to”, or variations of these or similar words, identify forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in the Company’s Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in the Company’s filings with the SEC.
For more information about QCI, please visit www.quantumcomputinginc.com or email info@quantumcomputinginc.com.