December 4, 2022

Tricia Oak

Business & Finance Excellency

Agnostiq Selects Pennylane to Develop Quantum Platform for Finance

Agnostiq selects Xanadu’s open-supply library PennyLane to carry variational quantum computing and quantum device discovering abilities to fiscal companies.

TORONTO, Nov. 10, 2021 /CNW/ – Agnostiq associates with Xanadu to build goods on major of Xanadu’s open-supply program, PennyLane, to solve and tackle money challenges making use of advanced computing technologies. PennyLane delivers a impressive and groundbreaking differentiable programming approach to quantum computing. It seamlessly integrates classical machine mastering libraries with quantum components and simulators, supplying end users the energy to educate quantum computer systems the very same way as neural networks.

Agnostiq tends to make it uncomplicated for businesses to fix mission-significant duties by utilizing their modular quantum computing platform. Agnostiq acknowledges that the economic products and services marketplace is transforming at an amazing rate and that being ahead-hunting is a should. The alternative of PennyLane as the base for Agnostiq’s answers will allow for its shoppers to increase their programs promptly and with adaptability into the future.

“Xanadu’s PennyLane application offers a powerful basis for close to-term quantum apps. Its modularity, adaptability, and uncooked velocity help Agnostiq’s products to very easily transition from research to output,” reported William Cunningham, Agnostiq’s Head of Quantum Software package.

Led by Xanadu’s entire world-renowned group of researchers and builders, PennyLane has crafted a significant and passionate adhering to considering the fact that its initial release three yrs back. PennyLane connects the most common quantum computing platforms with the greatest equipment learning instruments making use of a product-agnostic and open up-supply approach.

“PennyLane’s adoption in the quantum ecosystem has been really remarkable. We have a fast increasing neighborhood of passionate, engaged, and professional customers who are pushing new strategies that blur the strains between quantum computing and machine learning,” stated Nathan Killoran, Xanadu’s Head of Application & Algorithms and Guide Developer of PennyLane.

With PennyLane at the main of Agnostiq’s merchandise suite, firms in the fiscal providers business can be confident that the resources they create conform with the greatest procedures in quantum differentiable programming, with 1 of the major open-source quantum communities backing the underlying elements.

A partnership in between Agnostiq and Xanadu will see PennyLane carried out at an industrial-scale by some of the world’s foremost money establishments. The partnership represents a more step toward decreasing the barrier for enterprise consumers to get gain of quantum computing.

About Agnostiq:
Agnostiq develops application applications and programs for highly developed computing gadgets, with the purpose of generating these systems extra accessible to the business area. Agnostiq is an interdisciplinary staff of physicists, personal computer researchers, and mathematicians backed by primary buyers in New York and Silicon Valley. Check out www.agnostiq.ai for a lot more information.

About PennyLane:
PennyLane is an open up-resource software program framework for quantum machine finding out, quantum chemistry, and quantum computing designed all around the concept of quantum differentiable programming. It seamlessly integrates classical device discovering libraries with quantum components and simulators, providing people the ability to teach quantum circuits.

To uncover out additional, stop by the PennyLane Documentation (https://pennylane.ai), or verify out the gallery of palms-on quantum device studying content material (https://pennylane.ai/qml/demonstrations.html).

About Xanadu:
Xanadu is a Canadian quantum engineering company with the mission to construct quantum computers that are useful and readily available to people everywhere you go. Established in 2016, Xanadu has grow to be 1 of the world’s primary quantum hardware and computer software firms. The company also leads the development of PennyLane, an open up-supply program library for quantum computing and application improvement. Stop by www.xanadu.ai or observe us on Twitter @XanaduAI.

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