Advanced materials and deep tech company Archer Materials (ASX: AXE) is inching closer towards commercialsation of their world-first quantum computing chip through a new collaboration with artificial intelligence firm Max Kelsen.
The collaboration comes with both companies being members of the IBM Q Network, which Archer was admitted to earlier in the year, and will leverage Max Kelsen’s expertise in AI to run quantum algorithms through Archer’s 12CQ chip, together also using IBM technology made available to their Q Network.
Having been in research and development for several years, Archer’s 12CQ aims to be the world’s first commercial quantum processor technology that Archer aims to build for quantum computing operation at room-temperature and integration with devices such as smartphones and laptops.
“We will use IBM’s Qiskit and quantum machines to validate our work, and once validated, Archer intends to apply the end-user cases, algorithms and Qiskit to 12CQ chip hardware, which demonstrates the increasing value our partnerships bring as we progress in our development,” said Archer CEO, Dr Mohammad Choucair.
“It’s a great example of how two Australian IBM Q Network Members are working together to realise the commercial potential of quantum computing.”
Since undertaking a business restructure in 2018, Archer Materials (previous Archer Minerals) re-purposed its graphite assets to focus on graphene and its quantum computing capabilities. The restructure was driven by Dr Choucair who is the original inventor of the 12CQ Chip and will work directly with the Max Kelsen team run quantum algorithms that have real application in fields like finance and telecommunications.
Founded in 2015, Brisbane-based Max Kelsen was named Amazon Web Services (AWS) Partner of the Year in 2020 for Data and AI with their workflow automation tech used by various Fortune500 companies.
“This collaboration will contribute to the growing global effort to develop industry-leading algorithms and software for future quantum computers,” said Max Kelsen CEO and Co-Founder, Nicholas Therkelsen-Terry.
“We are also excited to be working with an Australian quantum chip developer and improving our understanding of the capabilities of the 12CQ room-temperature quantum chip for machine learning and AI use cases.”
AXE shares responded well to the Max Kelsen collaboration to trade at a high of $0.585 in morning trade, a rise of 9.3% on their previous $0.535 close.
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
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