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Sep 3, 2015

Intel pledges $50M in quantum computing push to solve big problems

Posted by in categories: biotech/medical, computing, engineering, quantum physics

Intel today announced plans to invest $50 million over the next ten years as part of a quantum computing push to help solve problems such as “large-scale financial analysis and more effective drug development.”

But despite the ambitions and huge cost of the project, company vice president Mike Mayberry admits that “a fully functioning quantum computer is at least a dozen years away.”

The money will be channeled through QuTech, the quantum research institute of Delft University of Technology, and TNO, with Intel additionally pledging to commit its own “engineering resources” to the collaborative effort.

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  • Gabi Dumitriu on September 4, 2015 12:53 am

    This is awesome. Maybe this way, I could release and use my quantumcoin.org project.