IonQ announces quantum error decoder as Intel shares retreat

  • IonQ announced a real-time quantum error-correction decoder, while Intel shares retreated as investors assessed the milestone and Intel’s restructuring and reported SK Hynix talks.
  • IonQ said the decoder added 0.02% to execution time across simulated workloads involving 408 logical qubits and more than 31.5 million quantum operations.
  • IonQ shares were reported down 8% year to date and 45% over the past year amid heavy losses, while Intel will permanently cut 52 South Bay jobs effective September 30.

IonQ announced a real-time quantum error-correction decoder, while Intel shares fell as investors took profits after a powerful rally and assessed the quantum milestone, Intel’s restructuring and reported talks with SK Hynix over Ohio manufacturing operations. IonQ said a decoder running on one standard CPU added 0.02% to execution time across simulated workloads involving 408 logical qubits and more than 31.5 million quantum operations. CNBC commentators called the capability real-time error correction and a meaningful step toward commercial use, but the test was simulated rather than conducted on a live fault-tolerant quantum computer and does not establish commercial readiness. IonQ shares were down 8% year to date and 45% over the past year in the newer account, and fell 2.97% to $41.27 in Thursday premarket trading, while the company continued to report heavy losses. Intel separately plans to permanently cut 52 South Bay jobs effective September 30.

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