QUICK PROGRESSION OF QUANTUM COMPUTING TECHNOLOGY, 2021

SOURCE: https://www.analyticsinsight.net/quick-progression-of-quantum-computing-technology-2021/

The digital revolution highlights the need for awareness of quantum technologies. The world is now preparing for further digital transformation with a revolution in quantum technology. The countries that authorize quantum computing technology will command over the information processing space for a long period giving them control and influence over sectors such as modern manufacturing, pharmaceuticals, the digital economy, logistics, national security, and intelligence.

The impending advent of quantum computers with 1000 qubits, and their potential to disrupt business operations as well as global communications, is a real risk but also offers a great opportunity to empower AI and computing workflows.

Two leading quantum computing and technology businesses have declared that they will combine to form an independent company, set to be the largest company in the quantum computing industry when the deal closes in Q3 2021. The merger brings together the “world’s highest-performing quantum computer” and “the global leader in software” for quantum computing platforms, investing up to US$300 million.

Germany to provide €2 billion for Quantum R&D

Two government ministries have declared their funding for quantum R&D over the next 5 years. The Federal Ministry of Education and Research and the Federal Ministry for Economic Affairs and Energy will contribute to several initiatives, including the development of a competitive quantum computer and the establishment of the Quantum association.

British quantum tech start-up raises $400 million for quantum encryption satellites. British quantum encryption start-up Arqit has declared a plan to create and develop two satellites by 2023. The satellites will be planned to support Arqit’s ‘Quantum Cloud’ encryption technology, which is created to secure the communications link of networked devices from hacking, including from quantum computers.

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