San Francisco, United States -- Technology veteran IBM on Tuesday laid out a plan to have a "practical" quantum computer tackling big problems before the end of this decade. Current quantum computers are still experimental and face significant challenges, including high error rates. Companies like IBM, Google, and others are...
After AI, quantum computing eyes its ‘Sputnik’ moment
Cambridge, United Kingdom - Quantum computing promises society-changing breakthroughs in drug development and tackling climate change, and on an unassuming English high street, the race to unleash the latest tech revolution is gathering pace. The founder of Cambridge-based Riverlane, Steve Brierley, predicts that the technology will have its "Sputnik" breakthrough within...
DEWA, Xanadu partner to develop ‘efficient, reliable’ energy systems
Dubai, UAE— Dubai Electricity and Water Authority (DEWA) and Xanadu, a Canadian quantum computing company, are considering strategic cooperation in order to develop solutions for enhancing the reliability of energy systems. In this regard, Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), met with...
Spending on quantum computing will surge to US$ 9.1 billion by 2030: report
Tractica LLC, a market intelligence firm, revealed that spending on quantum computing will surge from US$260 million in 2020, to US$9.1 billion by 2030.
