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Industrial giant Bosch has partnered with multiverse computingSpanish quantum software platform, for integration Quantum Algorithms In a dual digital simulation workflow. Bosch already has an extensive industrial simulation practice that provides insights across different business units. This new collaboration will explore ways in which quantum-inspired algorithms and computers can help scale these simulations more efficiently.
Bosch explores quantum computing and simulation as part of its broader scope Industry 4.0 Efforts have focused on increasing data collection, analytics, and simulation across its 240 factories. These efforts have connected 120,000 machines used in manufacturing and more than 250,000 machines into new dual digital workflows.
Multiverse is building a quantum software platform that works across various Quantitative Statistics techniques. Although most quantum devices are still immature, the company has already discovered several quantum-inspired algorithms that perform better than traditional algorithms and have made it easier to spread across existing supercomputers and various quantum devices. The two companies hope to see the initial results of these new quantum-inspired and quantum-inspired algorithms in action at the Bosch facility in Madrid later this year, which could expand across their manufacturing facilities in the future.
Industrial simulation acceleration
Oscar Hernández Capaler, Senior Director of Digitization and Harmonization of Industry 4.0 Bosch Plant, at the Bosch plant in Madrid, told VentureBeat that the company has come a long way towards fully digitizing its facilities. His team is working on ways to use this data to make decisions and control operations more efficiently with very short reaction times. For example, they have reduced the cost of scrap production by more than 1 million euros in the past three years.
“Thanks to digitization, we can better and faster identify the causes of production problems and put in place corrective actions,” he said.
One of the most promising use cases for new quantum algorithms is to create better machine learning models more quickly. Hernández Caballer said quantum computing shows tremendous promise in use cases with many combinations of variables and materials. This early research could give Bosch an advantage in taking advantage of these new systems to improve machine learning and simulation.
Focus on Business Excellence
Multiverse was founded in 2019 in a WhatsApp group by a small team of physicists and business experts. Enrique Lizaso Olmos, founder and CEO of Multiverse Computing, told VentureBeat that the company decided to focus on quantum computing in finance and published a background paper that caught the attention of major clients such as Crédit Agricole, BBVA, Caixabank, Ally Bank and Bank of Canada. Other paying customers have come to the Multiverse to help with complex issues in energy manufacturing, chemistry, life sciences, engineering and defense.
Much of the industry has focused on achieving quantum supremacy, which shows the ways in which quantum devices can outperform classical computers. This distracts attention from the potential of early quantum devices to deliver real business value today, Olmos said.
“So the real and difficult question is what can you do with today’s small, noisy quantum computers that are now better than some of the other tools your customers use?” Asked. “This is a difficult question that most companies on the quantum software side, coming from pure physics, do not know how to answer. And that is where we shine.”
The multiverse focuses only on those problems where they believe that quantum or quantum-inspired algorithms such as tensor networks or a combination of the two will overcome current business tools. Olmos noted that critics have argued that these tools are no faster than supercomputers, and are technically accurate. However, Multiverse simplifies supercomputer workflows for business users to develop, deploy, and manage next-generation algorithms for business use cases such as portfolio optimization or regular machine learning training.
“We believe that commercial supremacy will be here when quantitative dominance of business arrives, but again the challenge will be to beat your competition,” Olmos said.
The company has developed algorithms that speed up AI training by more than a hundred times while reducing energy and memory usage by eighty times. Other companies focusing on the application of quantum computing are focusing on business applications, among them its spin-off Google Sandbox AQ And the Zapata. One of the main differences, Olmos said, is that the multiverse combines quantum- and quantum-inspired solutions that others are not currently pursuing.
Multiverse also offers Singularity, an enterprise-grade SaaS platform that supports application development without the need for quantitative expertise.
“Singularity is quantum for the masses, not just for physicists within companies,” Olmos said.
They have already developed low code templates that support over 50 business use cases.
Multiverse raised $10.25 million (€10 million) last year from investors including Quantonation, JME, Inveready, EASO VC, SPRI and Mondragon VC. In addition, the European Commission awarded the company $2.6 million (€2.5 million) in grants and €10 million in additional equity last year through the EIC Horizon Europe programme.
Bosch’s partnership with Multiverse Computing is an example of how many legacy companies are exploring quantum computing today to prepare for more capable hardware. Hernandez-Caballer said his team is trying to anticipate the future so that they are not left behind.