Intel To Invest $50M In Quantum Computing Research

Sep 8, 2015

Reuters/Pichi Chuang

By Avaneesh Pandey

Intel Corporation announced Thursday that it will invest $50 million over the next 10 years into research on quantum computing. In a statement, the technology giant said that it will partner with the Delft University of Technology, Netherlands, and TNO — the Dutch Organization for Applied Scientific Research — to “accelerate advancements” in the field.

“A fully functioning quantum computer is at least a dozen years away, but the practical and theoretical research efforts we’re announcing today mark an important milestone in the journey to bring it closer to reality,” Mike Mayberry, Intel vice president and managing director of Intel Labs, said, in the statement. “Expertise in specialized electronics combined with advanced physics is required to move quantum computing closer to being a reality.”

The development of quantum computers capable of performing operations many orders of magnitude faster than conventional computers has been a goal of computer scientists and physicists ever since the idea was first floated in the early 1980s. However, given the inherently unstable nature of “qubits” — the quantum computing equivalents of bits — the goal has remained out of reach.

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