IBM, an American multinational technology company, has unveiled new ground-breaking developments in quantum hardware and software and outlined its innovative vision for quantum-centric supercomputing during IBM Quantum Summit 2022.
IBM made this announcement in its annual Quantum Summit which showcased the company’s extensive quantum ecosystem of clients, partners, and developers as well as its ongoing efforts to spread effective quantum computing throughout the world.
According to Dr. Darío Gil, Senior Vice President, IBM and Director of Research, with the introduction of the new 433 qubit “Osprey” processor, they have made progress toward using quantum computers to solve problems that had previously been intractable.

In collaboration with their partners and clients globally, they are constantly scaling up and expanding their quantum technology spanning hardware, software, and classical integration to meet the most pressing challenges at hand. For the upcoming era of quantum-centric supercomputing, this work will serve as the cornerstone.
At the Summit, the company unveiled the following new developments which includes: ‘Osprey’ – IBM’s new 433-quantum bit (qubit) processor, this processor has the potential to run complex quantum circuits beyond what any classical computer would ever be capable of.; New quantum software addresses error correction and mitigation, IBM released a beta update to Qiskit Runtime, which now includes allowing a user to trade speed for reduced error count with a simple option in the API,; IBM Quantum System Two update – IBM’s next-generation quantum system, IBM updated the details of the new IBM Quantum System Two, a system designed to be modular and flexible, combining multiple processors into a single system with communication links.; New IBM Quantum Safe technology: provides protection to systems and data against a potential future quantum computer capable of decrypting today’s security standards.;
Most importantly, the Client & Ecosystem Expansion: Growth of IBM Quantum Network: wherein IBM also announced that Bosch, a German corporation, joined the IBM Quantum Network to investigate various quantum use cases. Other recent additions to the network include the multinational telecommunications company Vodafone, which will investigate quantum computing and quantum-safe cryptography, the French bank Crédit Mutuel Alliance Fédérale, which will investigate application scenarios in the financial services industry, and the Swiss innovation campus uptown Basel, which will promote leading innovation projects on quantum and high-performance computing technology and foster skill development.
With access to the largest fleet of more than 20 quantum computers available via the cloud, these businesses will join more than 200 organizations and more than 450,000 users.
According to Jay Gambetta, IBM Fellow and VP of IBM Quantum, as they go along their quantum plan, the IBM Quantum Summit 2022 represents a turning point in the development of the worldwide quantum computing industry. The adoption and expansion of the quantum sector will continue as they continue to scale up quantum systems and make them easier to operate.
With the use of middleware, connectivity, and modularity, they have defined the next phase of quantum computing, which they refer to as quantum-centric supercomputing. This phase will allow for the seamless integration of operations from the quantum and classical operations.