The results are published as the startup secures a contract with the Air Force Research Laboratory and AFWERX and opens a Swedish subsidiary for chip fabrication.
CAMBRIDGE, Mass. & GOTHENBURG, Sweden–(BUSINESS WIRE)–Atlantic Quantum, a developer of scalable quantum computers, today announced new research that shows the company’s fluxonium-based qubit architecture achieves the lowest error rates to date for superconducting qubits. Published in Physical Review X, the peer-reviewed research demonstrates how the novel superconducting qubit architecture can perform robust operations between qubits (the building blocks of quantum computers) with greater accuracy than scientists have previously been able to achieve. This technology, stemming from years of work performed at MIT by the co-founders of Atlantic Quantum, now forms the basis of the company’s quantum processors.
Quantum computers are engineered to efficiently solve complicated computational problems in critical industries, such as pharmaceuticals, industrial chemistry and material science. Error rates in today’s quantum computers remain high, however, and because these errors require fixing, no qubit architecture to date has been able to implement the desired applications. Combined with physically complex hardware requirements, these factors hinder the practical use and adoption of quantum computing, a crucial technology that McKinsey projects could account for nearly $1.3 trillion in value by 2035.