Experts forecast the international quantum computing sector’s growth will increase from an estimated $930M this year to $5B by 2030. However, some international markets might be better poised for expansion compared to others.
On November 27, IBM made public the concluded installation of quantum computing system version 127-qubit at the University of Tokyo. The firm said this indicates the installation of the quantum computing system aimed at strengthening the initial ‘utility-scale’ .
IBM Envisage Quantum Computing to Grow
The system, referred to as a ‘Quantum System One,’ comprises the firm’s Eagle processor. Its installation was part of a continuing research collaboration between IBM and Japan. A blog post by IBM shows it will be utilized to carry out research in different fields, such as materials science, finance, and bioinformatics.
The University of Tokyo’s executive vice president, Hiroaki Aihara, said that a quantum computer comprising a 127-qubit processor is currently available for select utilization with QII members for the first time outside the United States. By encouraging research in several fields and understanding the social implementation of quantum-associated technologies, they intend to make a vast contribution to a future society with optimism and diversity.
The University of Tokyo and Japan are enjoying the benefits of working with a computing partner in the United States. On the other hand, Alibaba, China’s second-biggest tech company, has opted to close down its quantum computing lab. Additionally, it intends to give its equipment to Zhejiang University.
Benefits of Computing Technologies
According to local media outlets, the Alibaba strategy is a cost-cutting move, and several workers linked to the quantum research lab have been dismissed. This comes after the annulment of an arranged cloud computing spinoff earlier this month, with the technology company saying the temporary U.S. export ban on computer chips to China has resulted in ‘doubt.’
Estimates from Fortune Business Insights indicate that the quantum computing sector’s growth is anticipated to surpass $5.5B between now and 2030. This has resulted in some experts worrying over the condition of quantum computing research in places outside China and the United States.
Koen Betels, a University of Ghent professor and founder of QBee, a quantum computing accelerator, lately said that Europe had already lost the AI race and could not afford to experience the same in quantum computing. He wrote that besides lagging in talent, funding, and strategy, Europe is not just competing against the United States.
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