Germany Pumps 650 Million Euros Into IBM Quantum Computing Alliance | 9/10/2019 | Staff
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An undated handout photo shows the IBM Q System One at the IBM Research Center in Yorktown Heights, U.S. IBM/Handout via REUTERS.

FRANKFURT (Reuters) – IBM is joining forces with a German research institute to explore the potential of quantum computing in a project that the government in Berlin will back to the tune of 650 million euros ($717 million) over two years.

Government - Backing - Meeting - Tuesday - Chancellor

The German government’s backing, sealed at a meeting on Tuesday between Chancellor Angela Merkel and IBM CEO Ginni Rometty, comes as Europe’s largest economy seeks to catch up to the United States and China in a global technology race.

IBM said it would install a Q System One quantum computer at one of its facilities in Germany, partnering with the Fraunhofer Gesellschaft – an applied research institute – to build a research effort and community around it.

Quantum - Computers - Millions - Times - Today

Quantum computers could operate millions of times faster than today’s advanced supercomputers.

The technology is based on quantum bits, or qubits, that can be ‘superposed’ on each other, exponentially increasing the amount of information that can be processed. IBM’s current Q System One machine has 20 qubits.

Effort - Catalyst - Europe - Innovation - Landscape

“This effort is poised to be a major catalyst for Europe’s innovation landscape...
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