Unveiling the first fully integrated and complete Quantum Monte Carlo Integration Engine
Quantinuum Scientists have created a full Quantum Monte Carlo Integration (QMCI) engine – with some evidence of quantum advantage
Cambridge, UK, September 12th, 2023 — Quantinuum, the world’s leading integrated quantum computing company has published full details of their complete Quantum Monte Carlo Integration (QMCI) engine. QMCI applies to problems that have no analytic solution, such as pricing financial derivatives or simulating the results of high-energy particle physics experiments and promises computational advances across business, energy, supply chain logistics and other sectors.
The QMCI tool, utilizing advanced quantum algorithms, will allow quantum computers to perform estimations more efficiently and accurately than equivalent classical tools, inferring an early-stage quantum advantage in areas such as derivative pricing, portfolio risk calculations and regulatory reporting. A white paper supporting the new tool reveals that QMCI benefits from a computational complexity advantage over classical MCI, and suggests the engine has the potential to provide quantum usefulness in its current form.
The white paper, A Modular Engine for Quantum Monte Carlo Integration, has been made available on arXiv, detailing, among other items, “the enhanced P-builder”, a tool for constructing quantum circuits representing commonplace computational methods used in finance. The white paper also proposes how users of the new tool could obtain quantum advantage without compromising statistical robustness in the ensuing estimates.
Ilyas Khan, Chief Product Officer of Quantinuum said “Quantinuum’s end-to-end QMCI engine – the first ever complete quantum solution, offers the prospect of an immediate boost to the productivity of users in at least two sectors: banking and financial institutions, and scientists who expect quantum computers to help them process the vast amounts of data generated in experimental fields such as high energy physics. Our QMCI engine is the culmination of years of work by our algorithms team, and highlights just how quantum computers will offer practical utility. Our modular approach also ‘future-proofs’ the engine as quantum computing hardware advances."
The engine has four modules - loading probability distributions and random processes as quantum circuits; programing a wide variety of financial calculations; programming different statistical quantities (e.g. mean, variance and others); and the estimation of quantum amplitude, which is the core source of computational advantage in QMCI. The engine features a resource mode, which precisely quantifies the exact quantum and classical resources needed for user-specified calculations – a feature which is essential for predicting when particular applications will enjoy quantum advantage. Thus, the paper reveals a direct line of sight to quantum advantage and concludes users will achieve useful benefits sooner still.
Dr. Steven Herbert said: “The QMCI engine taps into rapidly growing demand for tools that help global organizations in finance and other sectors explore and evaluate their route towards quantum advantage. Classical Monte Carlo integration is the preferred method in a range of computational areas where analytic solutions are unavailable and it is widely recognized that these methods will benefit from a quantum advantage. By taking a modular approach, we will equip those scientific and financial professionals with a platform that supports them flexibly through rapid technological advances in the years to come.”
The new white paper sets out the areas that stand to benefit from the development of QMCI, beyond finance, including achieving efficiencies in supply chain and logistics, energy production and transmission, and data-intensive fields of science such as solving the high-dimensional integrals in high-energy physics. It concludes that use cases such as estimation and forecasting can benefit from the new QMCI engine in its current form.
Banks and financial institutions are expected to increase investment in quantum computing capabilities from $80 million in 2022 to $19 billion in 2032, growing at a 10-year CAGR of 72%.
About Quantinuum
Quantinuum is the world’s largest integrated standalone quantum computing company, formed by the combination of Honeywell Quantum Solutions’ world-leading hardware and Cambridge Quantum’s class-leading middleware and applications. Science-led and enterprise-driven, Quantinuum accelerates quantum computing and the development of applications across chemistry, cybersecurity, finance and optimization. Its focus is to create scalable and commercial quantum solutions to solve the world’s most pressing problems in fields such as energy, logistics, climate change, and health. The company employs over 480 individuals, including 350+ scientists and engineers, at eight sites across the United States, Europe, and Japan. For more information, please visit https://www.quantinuum.com.
The Honeywell trademark is used under license from Honeywell International Inc. Honeywell makes no representations or warranties with respect to this service.
About Quantinuum
Quantinuum, the world’s largest integrated quantum company, pioneers powerful quantum computers and advanced software solutions. Quantinuum’s technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With over 500 employees, including 370+ scientists and engineers, Quantinuum leads the quantum computing revolution across continents.
Santa Clara, Calif. – March 18, 2025 – Quantinuum, the industry leader in quantum computing with the world’s highest performing quantum computer, will work with NVIDIA as a founding collaborator on breakthroughs at the NVIDIA Accelerated Quantum Research Center, where operations are expected to begin later this year.
NVIDIA Accelerated Quantum Computing Research Center (NVAQC) will provide the ability to develop quantum solutions and applications that help solve some of the world’s most pressing problems. The center will accomplish this by using NVIDIA CUDA-Q platform alongside a world leading NVIDIA GB200 NVL72 supercomputer with Quantinuum’s System H2, which achieves 2,097,152 Quantum Volume — orders of magnitude greater than the next best available.
Quantinuum’s quantum computing architecture delivers the fastest time-to-solution available and is positioned to extend this leadership with its next-generation systems. By 2027, Quantinuum will launch the industry’s first 100-logical-qubit system, featuring best-in-class error rates. The company is also on track to deliver commercially scalable quantum computers with hundreds of logical qubits by the end of the decade. This progress builds upon a series of recent technology breakthroughs, including Quantinuum’s creation of the most reliable and highest-quality logical qubits, as well as solving the key scalability challenge associated with ion-trap quantum computers — culminating in a commercial system with greater than 99.9% two-qubit gate fidelity.
In 2022, Quantinuum became the first company to bring CUDA-Q to its Quantum systems, establishing a pioneering collaboration that continues to advance the platform today in multiple areas including application development and Quantum Error Correction (QEC). Users of CUDA-Q are currently offered access to Quantinuum’s System H1 QPU and emulator for 90 days. Quantinuum’s future systems will continue to support the CUDA-Q platform and be available via the NVAQC, accelerating the adoption of Generative Quantum AI (Gen QAI).
Quantinuum’s groundbreaking Gen QAI system, announced last month, enables data generated by Quantinuum’s quantum systems to be harnessed to train AI systems, significantly enhancing the fidelity of AI models, and allowing them to tackle challenges previously deemed unsolvable. Through this achievement, Quantinuum is setting a new standard for AI training and problem-solving across various industries.
“By combining NVIDIA's AI hardware and software solutions with leading and differentiated solutions from Quantinuum, we’re unlocking unprecedented solutions and accelerating Generative Quantum AI’s adoption across diverse markets,” said Dr. Rajeeb Hazra, President and CEO of Quantinuum.
"Progress toward useful quantum computing hinges on new discoveries," said Tim Costa, Senior Director of CAE, Quantum, and CUDA-X at NVIDIA. "The NVAQC will fast-track the development of useful quantum devices, being the epicenter for breakthroughs made with partners like Quantinuum."
About Quantinuum
Quantinuum is the world leader in quantum computing. The company’s quantum systems deliver the highest performance across all industry benchmarks. Quantinuum’s over 550 employees, including 370+ scientists and engineers, across the US, UK, Germany, and Japan, are driving the quantum computing revolution.
Media Contact:
TOKYO, JAPAN – February 12, 2025 – Quantinuum, the world’s largest integrated quantum computing company, and RIKEN, Japan’s largest comprehensive research institution, today announced the successful on-premise installation of Quantinuum’s “Reimei” quantum computer at RIKEN’s Wako campus in Saitama, Japan. RIKEN has designed, prepared, and delivered a world-class facility for the trapped-ion quantum computer, which will enable generations of high-performance quantum systems.
This state-of-the-art machine is now fully operational, ushering in a new era of discovery and innovation. With its installation at RIKEN’s world-class facility, Japanese researchers now have direct, on-site access to Quantinuum’s cutting-edge quantum computing technology, renowned for being the highest performing systems in the world. Quantinuum’s hardware stands out as the only available system using a unique architecture that physically moves qubits, unlocking new tools and possibilities unavailable on other platforms. The exceptional performance and consistency of the system are supported by the stability of the facility's world-class environment, which is designed, built, and maintained to maximize the capabilities of Quantinuum's quantum computers.
Named “Reimei,” which translates into “dawn” in Japanese, this powerful quantum computer symbolizes the incredible potential of quantum technology and integrated hybrid computational platforms. The trapped-ion quantum computer by Quantinuum will work in harmony with RIKEN’s famed Japanese flagship supercomputer Fugaku, creating a cutting-edge quantum-HPC hybrid platform designed to tackle computations that surpasses the capabilities of traditional supercomputers—an exciting leap forward for scientific research.
This groundbreaking installation is part of an ambitious project commissioned by the New Energy and Industrial Technology Development Organization (NEDO), a national research and development entity under Japan’s Ministry of Economy, Trade and Industry.
Looking ahead, the next phase of this collaboration will focus on the integration of a quantum-HPC hybrid platform in 2025. Quantinuum is excited to team up with RIKEN and other partners to optimize operations within this innovative hybrid environment.
Additionally, Quantinuum will continue collaborating with RIKEN researchers to advance scientific discovery across various applications. The company will work with local suppliers to enhance the quantum supply chain and foster growth within the Japanese quantum computing ecosystem through customized, in-person workshops and tutorials.
Dr. Mitsuhisa Sato, Division Director of the Quantum-HPC Hybrid Platform Division, RIKEN Center for Computational Science, said: “Reimei’s high-fidelity qubits and all-to-all connectivity will significantly enhance the research possibilities of our quantum-HPC hybrid platform. We are thrilled to explore new frontiers in scientific research on quantum-HPC hybrid applications by using the Quantinuum system with our Fugaku.”
Dr. Rajeeb Hazra, President and CEO of Quantinuum, emphasized the significance of this milestone: “This installation represents a pivotal moment for our global strategy, marking the first on-site deployment of our quantum technology outside the U.S. We are eager to collaborate with RIKEN’s exceptional researchers, whose expertise will be instrumental in driving unprecedented scientific breakthroughs.”
About RIKEN
RIKEN, a National Research and Development Agency, is Japan’s largest comprehensive research institution renowned for high-quality research in a diverse range of scientific disciplines. Founded in 1917, initially as a private research foundation, RIKEN has grown rapidly in size and scope, today encompassing a network of world-class research centers and institutes across Japan.
About Quantinuum
Quantinuum, the world’s largest and leading integrated quantum company, pioneers powerful quantum computers and advanced software solutions. Quantinuum’s technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With over 500 employees, including 370+ scientists and engineers, Quantinuum leads the quantum computing revolution across continents.
For more information, please visit the website at www.quantinuum.com
BROOMFIELD, CO, and LONDON, U.K. – February 4, 2025 – Quantinuum today announced a groundbreaking Generative Quantum AI framework (Gen QAI) – leveraging unique quantum-generated data to enable commercial applications in areas ranging from the development of new medicines, precise predictive modeling of financial markets and real-time optimization of global logistics and supply chains. The potential of these three capabilities alone is immense, and this framework is set to unlock solutions to other complex problems that classical computing cannot address.
For the first time, data generated by Quantinuum’s powerful H2 quantum computer can be harnessed to train AI systems, significantly enhancing the fidelity of AI models, allowing them to tackle challenges previously deemed unsolvable. Through this achievement, Quantinuum is setting a new standard for AI training and problem-solving across various industries.
“We are at one of those moments where the hypothetical is becoming real and the breakthroughs made possible by the precision of this quantum-generated data will create transformative commercial value across countless sectors. Gen QAI is a direct result of our full-stack capabilities and our leadership in hybrid classical-quantum computing, delivering an entirely new approach that stands to revolutionize AI,” said Dr. Raj Hazra, President and CEO of Quantinuum. On February 4, Dr. Hazra will join an expert panel at the 2025 International Year of Quantum (IYQ) ceremony in Paris to share further insights into our groundbreaking Gen QAI development.
“While some may suggest that a standalone quantum computer is still years away, the commercial opportunities from this breakthrough are here and now,” said Dr. Thomas Ehmer from the Healthcare business sector of Merck KGaA, Darmstadt, Germany. "The generation of meaningful synthetic data, specifically when you do not have many training data, is nontrivial and we see it as a new era for AI unlocked by quantum technologies. The Helios system, launching later this year will hopefully enable AI to be used in unprecedented ways and unlocking transformative potential across industries.”
Gen QAI leverages the unique capabilities of quantum computing to explore data complexities far beyond what classical computing systems and GPUs can handle. Quantinuum is collaborating with industry partners on Generative AI projects that harness the power of quantum computing in sectors such as automotive, pharmaceuticals and materials science. In the coming months, Quantinuum will share results from ongoing collaborations, showcasing the groundbreaking potential of quantum-driven advancements in Generative AI.
One notable collaboration is with the HPE Group in Italy, focusing on utilizing quantum computing in the automotive sector.
Enzo Ferrari, Executive Vice President of HPE Group, stated, “At HPE, we have a long-standing tradition of employing cutting-edge technologies for our clients in the motorsport industry. We are thrilled about our collaboration with Quantinuum, leveraging quantum-generated data for applications such as battery development, aerodynamic optimization and fuel innovation.”
As quantum computing gains significance globally, Quantinuum anticipates that its upcoming Helios system will exponentially extend computational capabilities, operational by mid-2025 for applications in drug discovery and addressing climate challenges. In particular, the innovative Gen QAI capability will enhance and accelerate the use of Metallic Organic Frameworks for drug delivery, paving the way for more efficient and personalized treatment options, with details to be unveiled at the launch of Helios.
This announcement also comes on the heels of Quantinuum’s recently expanded partnership with SoftBank, underscoring the company’s accelerating commercial momentum.
About Quantinuum
Quantinuum, the world’s largest and leading integrated quantum company, pioneers powerful quantum computers and advanced software solutions. Quantinuum’s technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With over 500 employees, including 370+ scientists and engineers, Quantinuum leads the quantum computing revolution across continents.
For more information, please visit the website at www.quantinuum.com