Bengaluru, April 9 -- A leading IT solutions provider has secured a U.S. patent for a novel system aimed at optimizing quantum machine learning processes. The innovation enhances performance and scalability on quantum computing platforms, including simulators, highlighting a major step forward in the integration of AI and quantum technologies.

Price Movement

During Wednesday's trading session, shares of Mphasis Ltd jumped to an intraday peak of Rs.2,149.50 each, reflecting a slight decrease from the prior closing price of Rs.2,168.90 per share. Over the past five years, the stock has delivered over 220 percent returns.

What happened

Mphasis has been granted a U.S. patent for an advanced system designed to enhance data handling within ...