QCI Qatalyst selected by BMW Group and Amazon Web Services as finalist of the Quantum Computing Challenge
LEESBURG, Virginia, November 10, 2021 – Quantum Computing Inc., a leader in bringing the power of classical and quantum computing closer together, has announced that its out-of-the-box quantum software Qatalyst has been selected as one of three finalists for the second and final round of the BMW Group and Amazon Web Services (AWS) Quantum Computing Challenge for Vehicle Sensor Placement Use Case.
The Quantum Computing Challenge invited the quantum community to apply innovations in quantum computing to real-world problems in industrial applications. The use case problems presented in the challenge represent critical business applications that demonstrate the real value of quantum computing.
BMW said its aim with the challenge is to “harness additional innovative power, inspire new ideas and create opportunities for quantum manufacturers to work with BMW on meaningful business issues.”
The Vehicle Sensor Placement use case challenges participants to find optimal sensor configurations for a given vehicle so that it can reliably detect obstacles in different driving scenarios – using quantum computing or approaches optimization inspired by nature. The number of sensors per car is expected to increase dramatically as autonomous driving becomes more common. Vehicles need sensors to collect data from as much of their environment as possible, but each sensor adds additional costs, so sensor location optimization uses genetic algorithms. The objective of the challenge is to use quantum computing techniques to optimize the positions of the sensors, allowing maximum coverage while minimizing costs.
âThis challenge is a further step in demonstrating the potential of quantum computing for business applications and solving real business problems,â said Bob Liscouski, CEO of QCI. âWe are delighted to have been selected to compete at the final level of the competition, and our team will work hard to demonstrate the power of Qatalyst. Whatever the end result, we believe the applications of quantum computing will increase dramatically over the next few years, and QCI is well positioned to be a key player.
About Quantum Computing Inc.
Quantum Computing Inc. (QCI) (Nasdaq: QUBT) is focused on accelerating the value of quantum computing for real-world business solutions. The company’s flagship product, Qatalyst, is the first software to bridge the power of classical and quantum computing, masking complexity and enabling SMBs to solve complex IT problems today. QCI’s team of experts in finance, IT, security, mathematics and physics has over a century of experience in complex technologies; from cutting-edge innovations in supercomputing to massively parallel programming, to the security that protects nations. Connect with QCI on LinkedIn and @QciQuantum on Twitter. For more information on QCI, visit www.quantumcomputinginc.com.
About the BMW Group Quantum Computing Challenge
The BMW group’s quantum computing challenge is open to participants from research groups and companies around the world. The challenge is organized in two rounds. In the first round, participants must submit a well-documented concept proposal for one of the four use case challenges, described below. In the second and final round, the teams with the top three bids in each use case will be invited to develop their solutions. The final virtual presentation to the competition jury, comprising field experts from BMW and AWS, will take place in December. The winners will be announced at Q2B Quantum Computing Industry Conference (December 7-9).
Source: Quantum Computing Inc. (QCI)