IBM (NYSE:IBM) and ETH Zurich announced today a 10-year collaboration to advance the next generation of algorithms at the intersection of AI and quantum computing. This initiative represents the latest milestone in the long-standing collaboration between the two institutions, further strengthening a scientific exchange that has helped create the future of information technology. 

Algorithms are the hidden architecture of modern technology. They power scientific discovery, economic growth, and technological progress, from classical computing to today's AI revolution. With quantum computing bringing increasing value to science and industry, entirely new algorithmic foundations — as well as new ways of understanding and representing data — are required. Over the next decade, IBM and ETH Zurich aim to create new classes of algorithms capable of bridging classical computing, machine learning, and quantum systems to address some of the today's critical challenges in business.