Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. BMW AG
  6. News
  7. Summary
    BMW   DE0005190003


Real-time Estimate Quote. Real-time Estimate Tradegate - 07/30 02:30:11 pm
83.795 EUR   -1.50%
08:30aVolkswagen's top brands flag chip risk in months ahead
07/29BMW : A world premiere like never before.
07/29MARKET CHATTER : Hankook Tire Raises Reach of Original Equipment Tires Worldwide
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Cutting-edge research into quantum computing: BMW Group and Technical University of Munich agree to create an endowed chair in “Quantum Algorithms and Applications”.

06/16/2021 | 03:04am EDT

Munich. The BMW Group will in future be supporting research into quantum computing at the Technical University of Munich (TUM). Today, Prof. Thomas F. Hofmann, President of TUM, Frank Weber, Member of the Board of Management of BMW AG, Development, and Alexander Buresch, CIO of BMW AG, signed an agreement to establish an endowed chair in 'Quantum Algorithms and Applications'. Over a period of six years, the BMW Group will make a fund of €5.1 million available to TUM for a professorship, equipment and personnel. By taking this step, the BMW Group and TUM are seeking to bridge the gap between the outstanding basic research carried out in Germany and its specific application in industry. The holder of the chair will conduct applied research into specific problems and issues in the field of quantum computing at the same time as establishing an ongoing exchange of knowledge and findings between TUM and the BMW Group.

'It is clear to the BMW Group that quantum computing is a pioneering technology that holds great potential for a multitude of applications - from materials research to battery cell chemistry and the future of automated driving using quantum machine learning,' says Frank Weber. 'This technology is at an early stage of development and we want to provide the best possible support for cutting-edge research and its transfer into industrial applications.'

'Thanks to this collaboration, the BMW-TUM axis is set to further strengthen Munich Quantum Valley's reputation as Germany's leading ecosystem for quantum technologies,' comments Prof. Thomas F. Hofmann. 'Quantum computing could hold the key to solving the sort of complex tasks that are beyond even today's supercomputers. The new endowed chair will focus on developing quantum algorithms for this and on trialling areas of application. The generous funding from the BMW Group will create the leverage needed to transfer the findings of quantum physics to industrial applications.'

'Close collaboration between research, industry and the startup landscape is a prerequisite for cost-effective implementation of our specific use cases,' explains Alexander Buresch. 'The purpose of this is to relay the requirements of industrial applications so that they can be incorporated into the development of quantum computing demonstrators. Our team of experts is looking forward to joining forces with TUM and driving forward this important field of research while focusing on its practical application.'

The creation of the endowed chair underlines how the BMW Group is endeavouring to further the sustained development of the Munich region as a high-tech industrial base and is also a key building block for Munich Quantum Valley, whose various initiatives have received €300 million in funding from the Bavarian state authorities.

TUM and the BMW Group already collaborate closely on a wide variety of other topics, with notable examples including battery research, circular economy, automated driving, artificial intelligence in production and mobility research. On the teaching side, the BMW Group helps to boost the practical relevance of courses with various guest lectures and project work, while the company also enjoys a close partnership with the TUM Institute for Lifelong Learning.

Great potential for solving optimisation problems.

At the BMW Group, high-performance computers handle some 2,000 computing tasks a day - such as high-end visualisations and crash/flow simulations - for approximately 3,000 users from R&D. The bulk of the computing operations are processed on servers in Iceland and Sweden that run on hydroelectric and geothermal green energy, reducing CO2 emissions by around 5,900 tonnes annually. Once a certain level of computational complexity is reached, however, even today's high-performance computers hit their limit, as they process information using a binary system, just as a laptop or smartphone would. Bits - a contraction of 'binary digits' - have a value of 0 or 1. In the case of quantum computers, the smallest unit of information is called a quantum bit, or qubit for short. Qubits can be far more than simply 0 or 1. Phenomena of quantum mechanics, such as the tunnelling effect, quantum entanglement and quantum interference, are used to put qubits in superposition, a state in which they can also assume values between 0 and 1 - and, theoretically, an infinite number of such values at the same time.

The BMW Group recognised the importance of quantum computing as a pioneering technology for the future back in 2017, prompting it to set up an interdisciplinary, cross-departmental project team with the task of identifying potential uses.

One of the BMW Group's first research projects involved calculating the optimum circuit to be followed by a robot sealing welding seams on a vehicle. The existence of highly complex parameters means that even the latest high-performance computers would take years to find the optimum solution. Quantum computers are capable of computing all the possible permutations in just a few seconds.

The high level of complexity in the automotive value chain gives rise to various multi-faceted optimisation problems in areas such as production, parts logistics and vehicle development. It will be possible to use quantum computers in materials research to simulate the behaviour of material compositions at a whole new level, for example when researching new types of battery.

Another field of research that is growing in importance is quantum machine learning, where quantum computers are used to speed up specific processes of traditional machine learning. These innovative learning processes for artificial intelligence could be particularly useful for automated driving, too.


BMW - Bayerische Motoren Werke AG published this content on 16 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2021 07:03:02 UTC.

© Publicnow 2021
All news about BMW AG
08:30aVolkswagen's top brands flag chip risk in months ahead
07/29BMW : A world premiere like never before.
07/29MARKET CHATTER : Hankook Tire Raises Reach of Original Equipment Tires Worldwide
07/28BAYERISCHE MOTOREN WERKE : European Commission Requires Diesel Car Makers To Cle..
07/28BMW : MINI partners with Vhils Studio, Iminente and Underdogs through the MINI V..
07/28THE MINI ELECTRIC AS A COMPANY CAR : Biogena takes over the largest MINI Cooper ..
07/28BAYERISCHE MOTOREN WERKE : The BMW Group at the IAA Mobility 2021 in Munich.
07/27BAYERISCHE MOTOREN WERKE : Walkenhorst Motorsport sets sights on overall victory..
07/27Rio Tinto gives go-ahead to $2.4 bln Serbia lithium project
07/27BMW : Walkenhorst Motorsport sets sights on overall victory in the Ardennes &nda..
More news
Sales 2021 109 B 129 B 129 B
Net income 2021 8 093 M 9 600 M 9 600 M
Net cash 2021 18 769 M 22 264 M 22 264 M
P/E ratio 2021 6,64x
Yield 2021 4,41%
Capitalization 55 426 M 65 889 M 65 746 M
EV / Sales 2021 0,34x
EV / Sales 2022 0,30x
Nbr of Employees 120 726
Free-Float 57,3%
Chart BMW AG
Duration : Period :
BMW AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BMW AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 85,07 €
Average target price 102,69 €
Spread / Average Target 20,7%
EPS Revisions
Managers and Directors
Oliver Zipse Chairman-Management Board
Nicolas Peter Chief Financial Officer
Norbert Reithofer Chairman-Supervisory Board
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
BMW AG17.78%65 889
VOLKSWAGEN AG35.84%150 030
DAIMLER AG31.77%96 848