Qatar makes a $1 billion bet on quantum computing [English]

By Mohammed Sergie | Source: Semafor | Read the full article in English

Qatar is making a bold move in the world of cutting-edge technology by investing a massive $1 billion into quantum computing over the next ten years. This significant investment aims to create a comprehensive ecosystem that supports research, development, and training in this innovative field. By partnering with Quantinuum, a US-based quantum computing company, Qatar is positioning itself at the forefront of technological innovation in the Gulf region.

Quantum computing represents a revolutionary approach to processing information. Unlike traditional computers that use binary code (ones and zeros), quantum computers leverage the unique physical properties of atoms to perform calculations. This breakthrough technology has the potential to transform multiple industries, including materials science, energy, healthcare, and financial modeling. While quantum computers are not yet commercially available, researchers believe they could solve complex problems much faster than current technology.

The joint venture between Quantinuum and Al Rabban Capital, a Qatari investment firm, will be responsible for implementing this ambitious plan. Their strategy involves providing advanced technology and services to academic institutions and industrial partners. By making this substantial investment, Qatar is signaling its commitment to becoming a leader in emerging technologies and creating a robust technological infrastructure that could drive future economic and scientific advancements.

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