Dead or alive, Britain hands Schrödinger’s industry £121M
The UK government is boosting its commitment to quantum computing with a hefty £121 million investment, aiming to position itself as a global leader in a technology that’s still largely theoretical. This funding, released to coincide with World Quantum Day, will support research aiming to translate these innovations into real-world applications, particularly in areas like healthcare and cybersecurity. While the funding may seem substantial, it pales in comparison to the billions allocated by the US government for similar research.
Key Points
- The UK government has announced a £121 million investment in quantum computing research.
- This funding aims to develop applications in quantum health and cybersecurity.
- HSBC is cited as a partner exploring how quantum technology can combat financial fraud.
- Critics question the adequacy of funding, comparing it to the US National Quantum Initiative, which is set to allocate $2.7 billion.
- There are concerns about the current impracticality and slow progress of quantum computing deploying commercially.
Why should I read this?
If you’ve got any interest in the future of technology and innovation, this article is a must-read. With quantum computing considered the next big thing, understanding how governments are investing in it could be key to grasping where progress is headed. Plus, it tells a fascinating story about the race in this potentially world-changing field, so you can be in the know before it becomes a reality.
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