IBM Creates Significant Competitive Advantages With Qiskit Runtime Updates

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IBM Creates Significant Competitive Advantages With Qiskit Runtime Updates
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Paul Smith-Goodson covers IBM's update to Qiskit Runtime, its containerized quantum computing service, and programming model.

Before developing Qiskit Runtime, early IBM quantum research focused on increasing the execution speed of quantum circuits and quantum operational sequences. Speed was, and still is, important to quantum computing for several reasons:

Most algorithms require the interaction of quantum and classical computers. It is not uncommon for some applications to have millions of back and forth looping interactions between the two processors that create latency with each successive computational loop. IBM has greatly simplified this process. In the Qiskit Runtime execution environment, the IBM hybrid cloud handles much of the work using its software architecture and containers.

Qiskit Runtime improvements created a 100x speedup in iterative circuit execution workloads. Depending on the problem, computations that took a month can now be solved in days or hours by Qiskit Runtime. But as good as this seems, according to IBM, Qiskit Runtime will eventually be able to run 200,000 times faster than it does now.1.

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