Market News
2 min read | Updated on February 28, 2024, 20:42 IST
SUMMARY
LTIMindtree said that the partnership with IBM will benefit its global clientele across industries.
Stock list
LTIMindtree and IBM join hands on quantum ecosystem
LTIMindtree has joined hands with IBM Quantum Network to explore its quantum innovation ecosystem. As part of the deal, the IT consulting and service firm will have access to IBM resources including its global fleet of quantum computing systems, software and associated expertise.
Commenting on the development, LTIMindtree's Chief Technology Officer (CTO), Aan Chauhan, said, "We are thrilled to embark on this journey with IBM and IIT Madras, India. These collaborations are more than an innovation milestone; they’re an important step towards a future where quantum computing could help solve more complex problems faster and more efficiently. Importantly, it positions us to expedite our customers’ journey towards realizing the immense value of quantum computing, readying them to leverage these advanced technologies for transformative solutions.”
LTIMindtree, through this collaboration, aims to establish a series of long-term projects, including applied research on business and societal problems, research grants and quantum computing workshops.
LTIMindtree posted encouraging numbers in its quarterly financial performance report for the quarter ending in December 2023.
Shares of LTIMindtree closed Wednesday's trade at ₹5,386 per piece following a 1.04% fall.
About The Author
Next Story