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Intel puts USD 50 mln into quantum computing collaboration
2015-09-04 09:08:00| Telecompaper Headlines
(Telecompaper) Intel has announced a ten-year collaborative relationship with the Delft University of Technology and TNO, the Dutch Organisation for Applied Research, to accelerate advancements in quantum computing. Intel will be investing USD 50 million into the project and will provide significant engineering resources both on-site and at Intel, as well as technical support. Intel said Quantum computing holds the promise of solving complex problems that are today practically insurmountable, including intricate simulations such as large-scale financial analysis and more effective drug development. The company said it does not believe any one company or organisation will be able to unlock the path to advanced quantum computing alone. Instead, partnerships such as the one between the company and the QuTech institute in Delft, paired with industry collaboration will help realise the promise of the technology. 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.
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