International Business Machines Corporation IBM $IBM recently announced that it has formed a strategic research collaboration with ETH Zurich, a prominent research institution of Switzerland. The collaboration will work on developing the next generation of algorithms for a world where AI and quantum computing converge.
Algorithms are the logic behind everything in computers, but today’s algorithms are engineered for classical computers. However, worlds today are moving towards a place where AI-driven systems, quantum computers and hybrid computing environments will be utilized for advanced applications. The challenge is to make all those systems work efficiently, in coordination with each other.
In order for that to happen, several mathematical foundations are essential. They are optimization and combinatorial problems; differential equations and dynamical systems; linear algebra and Hamiltonian simulations; and complex system modeling. IBM and ETH Zurich are set to specifically work on these concepts to advance foundational algorithmic research.
Per a report from Grand View Research, the Quantum Computing market was valued at $1.42 billion in 2024. It is projected to reach $4.24 billion in 2030 with a compound annual growth rate of 20.5%. IBM is set to gain from this market trend backed by its strong research and innovation initiatives in this domain.
