Noise-tolerant quantum algorithm reduces number of two-qubit gates by over 85% speeding up solutions for complex optimizations

https://investors.ionq.com/news/news-details/2024/IonQ-and-Oak-Ridge-National-Laboratory-Unveil-Novel-Approach-to-Scalable-Quantum-Computing/default.aspx

"collaboration between IonQ (high-performing, enterprise-grade trapped-ion technology) and Oak Ridge National Laboratory (world-class quantum technologies expertise)... scalable quantum computing/ hybrid quantum algorithm based on Quantum Imaginary Time Evolution principle... optimization problems... outperforms in time-to-solution/ circuit depth... energy grid optimization, unit commitment, contingency planning, financial risk management, fraud detection, logistics/ supply chain, drug discovery"