Dow and 1Qbit ink agreement on quantum computing

The Dow Chemical Company (Dow) and 1QB Information Technologies (1QBit) entered into a collaboration agreement to develop quantum computing tools for the chemicals and materials science technology spaces. By combining Dow’s unique innovation capabilities with 1QBit’s leading expertise in the development of applications for quantum computing, the two companies will accelerate the deployment of quantum computing across a range of applications relevant to the chemical sector.

The collaboration will augment Dow’s discovery process by building strong fundamental understanding of new chemicals and materials. The combination of next-generation computational methodologies with experimental design will drive new acceleration of product and process development.

The mission of 1QBit is to apply breakthroughs in computation to machine intelligence and optimization science through a widely accessible, hardware-agnostic software platform. Over the last four years, 1QBit has developed new methods for machine learning, sampling, and optimization based on reformulating problems to meet the unique requirements of interfacing with quantum computers and leveraging their capabilities. The terms of the agreement were not disclosed.

1QBit is dedicated to building quantum and quantum-inspired software to solve the world’s most demanding computational challenges. The company’s hardware-agnostic platforms and services enable the development of applications which scale alongside the advances in both classical and quantum computers.