Source: Benzinga

SAVANTX: Tech Company Uses Quantum Computers To Help Shipping And Trucking Industries

Ed Heinbockel, president and chief executive officer of SavantX, said he's excited about how a powerful new generation of quantum computers can bring practical solutions to industries such as trucking and cargo transport."With quantum computing, I'm very keen on this, because I'm a firm believer that it's a step-change technology," Heinbockel said. "It's going to rewrite the way that we live and the way we work."Heinbockel referred to recent breakthroughs such as Google's "quantum supremacy," a demonstration where a programmable quantum processor solved a problem that no classical computer could feasibly solve.In October 2019, Google's quantum processor, named Sycamore, performed a computation in "200 seconds" that would have taken the world's fastest supercomputer 10,000 years to solve, according to Google, Alphabet Inc (NASDAQ: GOOG).Jackson, Wyoming-based SavantX also recently formed a partnership with D-Wave Systems Inc., a Burnaby, Canada-based company that develops and offers quantum computing systems, software and services.With D-Wave's quantum services, SavantX has begun offering its Hyper Optimization Nodal Efficiency (HONE) technology to solve optimization problems to customers such as the Pier 300 ...Full story available on Benzinga.com

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Est. Annual Revenue
$100K-5.0M
Est. Employees
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SAVANTX is headquartered in Alpine, Wyoming. SAVANTX has a revenue of $4.7M, and 12 employees. SAVANTX has 1 followers on Owler.