Intel today announced plans to invest $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.”
But despite the ambitions and huge costs of the project, the company’s vice president Mike Mayberry admits that “a fully functioning quantum computer is at least a dozen years away.”
The money will be channelled 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.
“Quantum computing is an area of research that [we’ve] been exploring because it has the potential to augment the capabilities of tomorrow’s high performance computers,” the company said.
While the collaboration is clearly within Intel’s area of expertise — “low-temperature electronics,” specifically, are expected to be where Intel’s technological prowess comes into play — it’s notable that the wider implications of a leap in quantum computing will impact a huge range of social issues (i.e. drug development).
Alphabet, the newly-formed (or should I say rebranded) parent company of Google, is well known for its investments in side projects for social good, including a cure for malaria and glucose-monitoring “smart” contact lenses — among many other things.
That being said, Intel believes “no one company or organization 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.”
On Tuesday, the company launched its new Skylake processor to boost PC sales, and last week invested $60 million in Chinese drone maker Yuneec — saying drones are also part of its wider vision for a “smart and connected world.”
Check out below for the infographic Intel shared along with the announcement (chief executive Brian Krzanich also put out a separate statement here):
Intel is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. As a leader in corporate responsibility and sustainability, In… read more »
Google’s innovative search technologies connect millions of people around the world with information every day. Founded in 1998 by Stanford Ph.D. students Larry Page and Sergey Brin, Google today is a top web property in all major glob… read more »
Powered by VBProfiles
VB’s research team is studying web-personalization… Chime in here, and we’ll share the results.