Quantinuum's Helios brings quantum computing closer to commercial value: report

[Quantum computing concept. Digital communication network. Technological abstract.]
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Honeywell-backed (HON [https://seekingalpha.com/symbol/HON]) Quantinuum's latest system, Helios, was unveiled today, and it might bring the world of quantum computing closer to delivering real market value, according to _The Wall Street Journal_.

The Helios system contains 98 physical qubits and can provide 48 logical, error-corrected qubits in computations, the report [https://www.wsj.com/articles/the-next-big-quantum-computer-has-arrived-c1053c2a?mod=Searchresults&pos=1&page=1] said. Industry experts contend the 2-to-1 ratio is impressive, as other quantum systems might require scores of physical qubits to produce one logical and error-corrected qubit. It is being tested by companies such as Nvidia (NVDA [https://seekingalpha.com/symbol/NVDA]) and JPMorgan Chase (JPM [https://seekingalpha.com/symbol/JPM]). It is available through cloud access as a Hardware-as-a-Service offering.

Although industry observers predict a quantum computer capable of delivering error-free results at a scale able to drive meaningful commercial results remains three or four years away, Helios is the next step towards that, the report said. Quantinuum hopes to reach that goal in 2029 with Apollo, a quantum system slated to contain thousands of qubits that can produce hundreds of logical qubits.

In the meantime, software engineers can utilize Guppy, an open-source programming language based on Python, to build quantum programs on Helios. It is equipped to run Nvidia's CUDA-Q software as well.

"Guppy represents a fundamental departure from legacy circuit-building tools," Quantinuum said. "Instead of forcing developers to construct programs gate-by-gate, a tedious and error-prone process, Guppy treats quantum programs as structured, dynamic software."

Quantinuum was most recently valued at $10B. The quantum computing space continues to grow more competitive, with companies such as IonQ (IONQ [https://seekingalpha.com/symbol/IONQ]) and D-Wave Quantum (QBTS [https://seekingalpha.com/symbol/QBTS]) and even Magnificent Seven member Google (GOOG [https://seekingalpha.com/symbol/GOOG])(GOOGL [https://seekingalpha.com/symbol/GOOGL]) with its Willow chip.

Industry experts view Quantinuum and IonQ as particularly interesting due to their trapped-ion quantum computing approach, which differs from the superconducting methods used by many competitors.

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