A team of researchers at the University of Chicago, the University of California, Berkeley, Princeton University, and Argonne National Laboratory developed a new approach for using a quantum computer to realize a near-term "killer app."
For their work, the team was awarded the $2,500 first-place prize in the 2019 IBM Q Best Paper Award competition.
The research looked at how the VQE quantum algorithm could improve the ability of current and near-term quantum computers to solve highly complex problems.
The team used the new approach to reduce the computational cost of running the VQE algorithm by 7-12 times.
The researchers validated the approach on one of IBM's cloud-service 20-qubit quantum computers, and found lower error rates compared to traditional methods of solving the problem.
From HPCwire
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