Bosch has teamed up with Multiverse Computing, a quantum software platform based in Spain, to include quantum algorithms into digital twin simulation processes. – Various departments within Bosch may benefit from Bosch’s broad industrial simulation expertise. It is the goal of this new partnership to investigate how quantum-inspired algorithms and computers might be used to increase the efficiency of these simulations.
Quantum computing and simulation are being explored by Bosch as part of its overall Industry 4.0 activities, which include boosting data collecting, analytics, and simulation at its more than 240 factories. More than 250,000 devices, including 120,000 manufacturing equipment, have been integrated into new digital twin processes as a result of these initiatives.
For diverse quantum computing platforms, Multiverse is developing a quantum software platform. Quantum computing is still in its infancy, but researchers have already developed numerous quantum-inspired algorithms that outperform conventional ones and are simpler to use on both existing supercomputers and various quantum devices. Both firms aim to see the first results of these new quantum-inspired algorithms running in Bosch’s Madrid site later this year, which might then be rolled out to other production facilities.
Simulating industrial processes more quickly
Oscar Hernández Caballer, Bosch’s senior manager of digitalization and Industry 4.0 plant coordination, told VentureBeat that the business has made significant progress toward completely digitising its facilities. His team has been trying to figure out how to utilise this data to make judgments and regulate processes more quickly and effectively. For example, in the previous three years, they’ve cut the price of manufacturing scrap by more than 20%.
“We can detect the reasons of production difficulties much better and sooner thanks to digitalization,” he stated.
Better machine learning models may be created more rapidly with the new quantum algorithms, which is one of their most promising applications. quantum computing has the potential to revolutionise a wide range of industries, according to Hernández Caballer. Taking use of these new methods to boost machine learning and simulation might offer Bosch a leg up on the competition.
Focus on your company’s domination in the marketplace
A tiny group of scientists and entrepreneurs started Multiverse in 2019 in a WhatsApp group. CEO and founder of Multiverse Computing, Enrique Lizaso Olmos, told VentureBeat that the business opted to concentrate on quantum computing in banking and produced a landmark study that drew the interest of significant clients including Crédit Agricole, BBVA, Caixabank, Ally Bank, and Bank of Canada. Multiverse has helped other paying clients with difficult challenges in the fields of energy production, chemistry, bioscience, engineering, and military.
The majority of the industry has concentrated on demonstrating how quantum gear can outperform traditional computers. Olmos argued that this distracts from the potential of early quantum technology to bring actual economic benefit right now..
“So the real, tough issue is what can you accomplish today with the existing, little, noisy quantum computers that are better than some other tools that your clients use?” he questioned. Most quantum software businesses, coming from physics, don’t know how to address this difficult topic.” Moreover, this is where we excel.”
Multiverse focuses on just those challenges where they think quantum or quantum-inspired algorithms like tensor networks or a mix of the two will outperform present commercial solutions.. Technically, these tools are not quicker than a supercomputer, but Olmos points out that this is correct. For corporate use cases like portfolio optimization or routine machine learning training, Multiverse streamlines supercomputer operations for customers by making it easier to build, deploy, and maintain next-generation algorithms.
According to Olmos, “the task will be to outperform your competition” when quantum supremacy for business comes.
More than 100-fold faster AI training and an 80-fold reduction in energy and memory consumption have been achieved by the firm’s algorithms. Sandbox AQ, a Google subsidiary, and Zapata are two more startups developing quantum computing-based commercial applications. In Olmos’ view, Multiverse has a distinct advantage over the competition since it incorporates quantum and quantum-inspired solutions that the others are not presently exploring.
For those who don’t have the competence in quantum computing, Singularity is a software-as-a-service platform that may be used to construct applications.
As Olmos put it, “Singularity is quantum to all of us, not just physicists in businesses.”
More than 50 commercial use cases are already supported by low-code templates.
Quantonation, JME, Inveready, EASO VC, SPRI, and Mondragon VC were among the investors that contributed $10.25 million (€10 million) to Multiverse last year. Also last year, the European Commission gave the company $2.6 million (€2.5 million) in grants and an extra €10 million (£7.6 million) in equity under the EIC Horizon Europe programme.
It is an example of how many established organisations are studying quantum computing in order to prepare for more powerful hardware. Hernandez Caballer claimed that his team is attempting to predict the future so that they don’t fall behind.
Subtly charming pop culture geek. Amateur analyst. Freelance tv buff. Coffee lover