LG CNS and D-Wave Announce Strategic Relationship to Advance Quantum Optimization Adoption in South Korea
The companies intend to develop customer applications across manufacturing, telecommunications, finance and retail.
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Companies to combine commercial quantum computing technology with enterprise optimization expertise to accelerate quantum use case identification, development and deployment in
D-Wave CEO Dr. Alan Baratz and LG CNS President and CEO Hyun Shin-Gyoon announced the MOU onstage at D-Wave’s Qubits Asia conference in
LG CNS brings extensive mathematical optimization expertise across industries, including manufacturing and the public sector, with end-to-end capabilities spanning problem definition, mathematical modeling, algorithm validation and real-world implementation. LG CNS has also been conducting research on applying mathematical optimization and quantum computing to real-world industrial challenges, including image reconstruction and inspection and the detection of underground anomalies.
“To generate meaningful results from quantum computing in industrial settings, quantum technology must be supported by a deep understanding of industries and strong optimization capabilities,” said Hyun Shin-Gyoon, CEO of LG CNS. “Through our collaboration with D-Wave Quantum, we will connect quantum computing to real-world customer problems and new business opportunities, accelerating the commercialization of related services.”
“D-Wave’s commercial-grade annealing quantum computing technology is driving positive business outcomes for customers today,” said Dr. Alan Baratz, CEO of D-Wave. “LG CNS understands both the optimization problems enterprises need to solve and the systems those solutions must work within. By combining that expertise with our technology, we intend to help enterprises in
Optimization underpins critical business decisions, from scheduling factory production and routing deliveries to allocating resources. As the number of variables and constraints grows, finding high-quality solutions within operational time limits becomes increasingly difficult. D-Wave’s annealing quantum computing technology is designed to address these challenges, with customers already running hybrid-quantum applications in production. The collaboration aims to bring that capability to LG CNS clients seeking to reduce costs, improve efficiency and respond faster to changing conditions.
Learn more about D-Wave’s quantum optimization technology here.
About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum computing systems, software and services. It is the world’s first commercial supplier of quantum computers, and the first and only to offer dual-platform quantum computing products and services, spanning both annealing and gate-model quantum computing technologies. D-Wave’s mission is to help customers realize the value of quantum today through enterprise-grade systems available on-premises and via its Leap™ quantum cloud service, which offers
About LG CNS
LG CNS is a leading Korean AX (AI Transformation) company that continues to pioneer various emerging technologies, including AI, robotics, cloud computing, data center, and smart engineering, encompassing smart factories and smart logistics, as well as digital marketing. The company also leads the market through innovative system integration (SI) and system management (SM) capabilities across finance, manufacturing, the public sector, and various other industries. For more information, please visit https://www.lgcns.com.
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Source: D-Wave Quantum Inc.