LG Partners IBM to Explore Industry Applications of Quantum Computing

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LG Electronics (LG) today announced joining the IBM Quantum Network to advance industry applications of quantum computing. By joining the IBM Quantum Network, LG said it will receive access to IBM’s quantum computing systems and its open-source quantum information software development kit.

Using IBM Quantum technology, LG said it aims to explore applications of quantum computing in any areas requiring processing a large amount of data including AI, connected cars, digital transformation, IoT and robotics applications.

According to LG, Quantum computing is an exciting evolution in computation. While classical computers calculate in bits that represent 0 and 1, quantum computers use qubits that harness quantum mechanical phenomena such as interference and entanglement to in computation to solve problems that are fundamentally intractable for classical computers. As a result, quantum computing is well suited to help explore new solutions to a wide range of problems.

The IBM Quantum team and LG are researching and exploring how quantum computing will help a ‎variety of industries and disciplines, including finance, energy, chemistry, materials science, ‎optimisation and machine learning, among many others.

“Based on our open innovation strategy, we plan to use IBM Quantum to develop our competency in quantum computing,” said Kim Byoung-hoon, CTO and executive vice president of LG Electronics.