New Mexico to invest $315 million in quantum computing drive

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SAN FRANCISCO, Sept 2 (Reuters) – New Mexico, site of the world’s first atomic bomb tests, on Tuesday plans to invest $315 million in a bid to become a leader in another potentially era-defining technology: quantum computing.

Quantum computing, which leverages the behavior of matter and energy at the atomic and sub-atomic scale, holds the promise of solving in minutes some problems that would take conventional computers thousands of years.

Companies such as Alphabet’s Google, Microsoft and IBM, along with dozens of well-funded startups, are…



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New Mexico to invest $315 million in quantum computing drive


SAN FRANCISCO, Sept 2 (Reuters) – New Mexico, site of the world’s first atomic bomb tests, on Tuesday plans to invest $315 million in a bid to become a leader in another potentially era-defining technology: quantum computing.

Quantum computing, which leverages the behavior of matter and energy at the atomic and sub-atomic scale, holds the promise of solving in minutes some problems that would take conventional computers thousands of years.

Companies such as Alphabet’s Google, Microsoft and IBM, along with dozens of well-funded startups, are…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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