Intel invests $50 million in quantum computing effort

Baku, September 5, AZERTAC

Intel said Thursday that it will invest $50 million and provide engineering resources to the Delft University of Technology and TNO, the Dutch Organisation for Applied Research, in an effort to advance quantum computing, according to the

Quantum computing promises multiple breakthrough and the possibility of new applications. Quantum computers use quantum bits, or qubits, which can exist in multiple states and operate in parallel. Quantum computers are expected to replace the ones powered by transistors and binary digits today.

Intel`s investment could popularize the notion of quantum computing, which is years from going commercial. IBM has been among the largest tech players in the quantum computer space. IBM is investing billions of dollars in research on developing processors that could power quantum computers.

For Intel, the bet on quantum computer is a way to participate in the future and keep the company relevant. Brian Krzanich, CEO of Intel, said the tech industry will have to rally around quantum computing for the engineering effort to develop.

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