REPLY
Reply is part of the research project "Bench-QC", which stands for application-driven benchmarking of quantum computing. The focus of the project, which is funded by the Bavarian State Ministry of Economic Affairs, Regional Development and Energy, is the practical usability of quantum computing in industrial applications. The initiative, consisting of industrial partners and Fraunhofer institutes, specifically identifies the applications for which quantum computing can provide a benefit to companies.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230914964363/en/
The goal of the Bench-QC project is to investigate when quantum computers produce better results than classic high-performance computers. Reply has the role of consortium leader and is bringing in already implemented use cases in various industries in the field of quantum-inspired optimization. (Photo: Reply)
Reply has the role of consortium leader and is bringing in already implemented use cases in various industries in the field of quantum-inspired optimization. Reply has developed an efficient classical solver for QUBO (quadratic unconstrained binary optimization) problems: the Reply tool "MegaQUBO" finds solutions for tens of thousands of variables within seconds. Reply's reference implementation for hybrid neural networks is also included in the benchmarking project.
Filippo Rizzante, CTO at Reply, commented: "We are very excited to bring quantum computing into practice. With this initiative, we want to bring academic discussions to the business world and show companies how they can use quantum computing commercially and the benefits they can derive from it. That is why we have developed quantum-inspired algorithms that allow us to describe and optimize complex situations, giving companies time and cost savings".
In addition to Reply, the project partners include BMW, and the two Fraunhofer institutes for Integrated Circuits IIS, and for Cognitive Systems IKS. The lighthouse project, scheduled for three years, is part of the Munich Quantum Valley of the Bavarian state government, and aims to establish expertise in quantum computing and quantum technologies in Bavaria.
Reply
Reply [EXM, STAR: REY] specialises in the design and implementation of solutions based on new communication channels and digital media. As a network of highly specialised companies, Reply defines and develops business models enabled by the new models of AI, big data, cloud computing, digital media and the internet of things. Reply delivers consulting, system integration and digital services to organisations across the telecom and media; industry and services; banking and insurance; and public sectors. www.reply.com
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230914964363/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Italian Tennis Star Jasmine Paolini Joins Amazfit as Latest Athlete Ambassador18.2.2025 16:00:00 CET | Press release
Paolini to Wear Amazfit Smart Wearables to Enhance Performance and Recovery.Amazfit logo to appear on Paolini’s on-court apparel. Amazfit, a leading global smart wearables brand owned by Zepp Health (NYSE: ZEPP), today announced the signing of Italian tennis sensation and World No. 4 Jasmine Paolini as its newest global athlete partner. As part of the multi-year agreement and official smart wearable partnership, Paolini will represent Amazfit by wearing the Amazfit logo and smartwatch on court and the brand’s fitness wearables, including Helio Ring, to track sleep and athletic recovery. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250218222601/en/ Italian Tennis Star Jasmine Paolini Joins Amazfit as Latest Athlete Ambassador (Photo: Business Wire) Paolini is the current Italian No. 1 and highest-ranked Italian singles player in WTA history. She reached both singles and doubles finals at the 2024 French Open and was a singl
G2 Risk Solutions Acquires ZignSec AB for More Holistic Risk Management18.2.2025 15:06:00 CET | Press release
G2 Risk Solutions aims to bolster its footprint in Europe by acquiring ZignSec AB. G2 Risk Solutions (G2RS), a leading provider of risk management solutions in the financial sector, is announcing the acquisition of one of its affiliated companies of ZignSec AB (ZignSec). This marks a significant step forward in G2RS’ mission to deliver comprehensive, technology-driven compliance and risk solutions to regulated businesses worldwide. ZignSec AB provides cutting-edge identity verification solutions and owns Web Shield, a leader in merchant due diligence services, and Wyzer, a business process optimization and automation specialist. The collaboration among the three companies is expected to enable G2RS to enhance its portfolio of services and broaden its reach into critical areas of risk and compliance management globally. With this move, G2RS aims to strengthen its ability to serve highly regulated sectors, including financial institutions such as banks, lenders, creditors, merchant acqui
Cymulate Reveals Next-level AI Automation for Threat Exposure Validation18.2.2025 15:00:00 CET | Press release
The company introduces first-of-a-kind automated remediation to eliminate threat exposure, optimize controls and mitigate validated security gaps Cymulate, the leader in threat exposure validation, today announced the next evolution of the company’s flagship security validation platform. As a pioneer and market leader for breach and attack simulation (BAS) and automated red teaming, Cymulate continues to innovate with automation and artificial intelligence (AI) to deliver the most advanced and easiest-to-use threat exposure validation on the market. At a time when attackers are deploying more advanced tactics than ever, the Cymulate Exposure Validation Platform leverages the power of AI to give every blue and red teamer the automation and accessibility to validate and remediate threat exposure and optimize security. Exposure validation helps organizations go further than traditional solutions like BAS and automated penetration testing. By embracing the CTEM strategy, security teams can
Bluefin Achieves Girocard Certification for the Newland Payment Technology N950 AIO smartPOS18.2.2025 15:00:00 CET | Press release
Bluefin has achieved the German Banking Industry Committee’s (GBIC German: Deutsche Kreditwirtschaft) Girocard certification on the Newland NPT N950 AIO smartPOS terminal. This certification enables German merchants to adopt next-generation SmartPOS devices while simplifying Girocard payment acceptance through Bluefin’s TECS Engine, a global payments platform. Bluefin’s TECS Engine provides omnichannel payment solutions to Acquirers, Payment Service Providers, POS system providers, Independent Software Vendors (ISVs) and other merchant aggregators around the globe offering a cloud-based Payments Platform-as-a-Service, including Bluefin’s payment and data security solutions, P2PE and universal tokenization. As the leading debit card in Germany, Girocard conducted 7.5 billion transactions in 2023. With Girocard certification on the Newland N950 AIO smartPOS terminal, the German market will benefit from an open platform with access to new generations of SmartPOS devices and streamlined Gi
Wooptix Secures Over €10 Million in Series C Funding Led by Samsung Venture Investment Corporation and Spanish Society for Technological Transformation18.2.2025 15:00:00 CET | Press release
Wooptix, a leader in semiconductor metrology leveraging wavefront phase imaging technology, has raised over €10 million in a Series C funding round. The round was led by Samsung Venture Investment Corporation and Spanish Society for Technological Transformation (SETT) with participation from existing investors, including the European Innovation Council Fund (EIC Fund), Intel Capital, MONDRAGON Corporation, and TEL Venture Capital, Inc. “The investment allows us to push the boundaries in resolution quality within the semiconductor technology landscape,” said José Manuel Rodriguez Ramos, CEO of Wooptix. “Continued support from our investors has allowed us to introduce our semiconductor metrology Fabtool to global markets and deliver innovative solutions to an international customer base.” The surging demand for AI has placed unprecedented pressure on the semiconductor manufacturing industry to produce increasingly complex and miniaturized chips. Traditional tools often fall short of the
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom