Gold Rush Begins: Why Is Intel Investing $50 Million In Quantum Computing?

London, UK - 4th September 2015, 08:20 GMT

Intel has just announced plans to invest USD 50 million over the next 10 years as part of a quantum computing push, to help solve problems including “large-scale financial analysis and more effective drug development.” Intel is joining the gold rush into Quantum Computing after Amazon, Google, IBM and Microsoft alongside government agencies like the NSA and CIA have made similar declarations. The UK and Netherlands government have also made massive pledges to Quantum Technologies 2.0 in the recent period.

Quantum Computing Primer

This is part of a 10-year collaborative relationship with the Delft University of Technology and TNO, the Dutch Organisation for Applied Research, to accelerate advancements in quantum computing. To achieve this goal, Intel will not only invest an eight figure sum, it will provide significant engineering resources both on-site and at Intel, as well as technical support. Intel's goal is to extend the university's physics expertise and diverse quantum computing research efforts by contributing advanced manufacturing, electronics and architectural expertise.

In accord with Quantum Innovations Labs http://QiLabs.net/ findings in London, Intel believes “no one company or organisation will succeed alone in unlocking the path to advanced quantum computing. Instead, partnerships… and industry collaboration will help realize the promise of such a technically complex issue.”

Quantum computing holds the promise of solving complex problems that are practically insurmountable today, including intricate simulations such as large-scale financial analysis and more effective drug development. Quantum computing is an area of research that Intel has been exploring because it has the potential to augment the capabilities of tomorrow's high performance computers.

"Expertise in specialised electronics combined with advanced physics is required to move quantum computing closer to being a reality," said Mike Mayberry, Intel vice president and managing director of Intel Labs. "While qubit development has been the focus of quantum computing research to date, low-temperature electronics will be required to connect, control and measure multiple qubits, and this is where we can contribute. Our collaboration with QuTech will explore quantum computing breakthroughs that could influence the industry overall."

Intel CEO Brian Krzanich published a blog today explaining the company's strategic interest in quantum computing, and the relevance of electronics and manufacturing expertise in making quantum computing a reality.

Read more: http://www.intel.com/newsroom/archive/promise_of_quantum_computing.pdf

"In the next five to 10 years, progress in quantum computing will increasingly require the combination of excellent science with high-level engineering," said lead scientist Lieven Vandersypen from QuTech. "For the realisation of complex circuits containing large numbers of quantum bits, the know-how from the semiconductor industry is essential, and QuTech is thrilled to partner with the leading semiconductor company in the world.


Source: QiLabs.net 1. Funding Form 2. Involvement Form 3. iQ:Ei Club

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