International Business Machines Corp (NYSE:IBM) launches 'IBM Quantum Heron,' the first in a new series of utility-scale quantum processors.

The new quantum computing chip and machine is projected to deliver IBM's highest performance metrics and lowest error rates of any IBM Quantum processor to date.

Also, IBM unveiled IBM Quantum System Two, the company's first modular quantum computer and cornerstone of IBM's quantum-centric supercomputing architecture. 

The first IBM Quantum System Two, located in Yorktown Heights, New York, started operations with three IBM Heron processors and supporting control electronics. 

The company is expanding its IBM Quantum Development Roadmap to 2033 with new targets to advance the quality of gate operations significantly.

Related: EXCLUSIVE: Big Banks Collaborate With IBM On Quantum Computing — Is Financial Services Industry Ready For Huge Opportunities?

Moreover, IBM launched Qiskit 1.0, an open-source quantum programming software, with new features to aid computational scientists execute quantum circuits with ease and speed.

Jay Gambetta, Vice President and IBM Fellow said, "Generative AI and quantum computing are both reaching an inflection point, presenting us with the opportunity to use the trusted foundation model framework of watsonx to simplify how quantum algorithms can be built for utility-scale exploration."

Related: FuelCell Energy Partners With IBM: Leveraging AI To Enhance Clean Energy Technology And Efficiency

"This is a significant step towards broadening how quantum computing can be accessed and put in the hands of users as an instrument for scientific exploration."

Price Action: IBM shares are trading higher by 0.50% at $161.35 on the last check Monday.

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