Qunova Computing, a pioneer in quantum software development, has made a groundbreaking achievement by reaching ‘chemical accuracy’ in quantum chemistry simulations on commercial quantum computers. This milestone was demonstrated through successful tests on various quantum machines like IQM, IBM, and AQT, marking a historic moment in quantum computing.

At the heart of this achievement is Qunova’s innovative “HiVQE” (Handover Iteration VQE) algorithm, which drastically reduces the computational resources needed by 1,000 times compared to conventional methods. This algorithm’s success in modeling molecules such as lithium sulfide, hydrogen sulfide, water, and methane showcases its versatility and hardware-agnostic nature.

During the recent Quantum Korea 2024 event, Qunova demonstrated the energy estimations of lithium sulfide over consecutive days, proving the algorithm’s reliability and efficiency. This breakthrough opens new avenues for industrial users in chemical and pharmaceutical R&D, offering a pathway to quantum advantage with devices as small as 40-60 qubits. By reducing R&D costs and accelerating material and drug discovery, Qunova’s accomplishment represents a significant leap forward in quantum computing applications.

For more information, read the full press release from Qunova Computing here.

October 14, 2024