Centre for Quantum Computation and Communication Technology is leading a global race to develop a quantum computer
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When the first true quantum computer is one day realised, it will be completely useless. For it to prove its worth as a potentially world-changing problem solver, it will need to run software.
Westpac Group is increasing its stake in QuintessenceLabs to enable the homegrown quantum cyber security company to further expand its global reach.
Industry, innovation and science minister Greg Hunt says that the government’s support for quantum computing research will not only maintain Australia’s competitive edge in the “global race to build a quantum computer”, but also help grow a local “quantum ecosystem” and industry.
The warning from QuintessenceLabs’ CTO John Leisoboer is stark. “When sufficiently powerful quantum computers become generally available,” he says, “it’s guaranteed to break all existing cryptographic systems that we know of.”
The race to build the world’s first true quantum computer is on, with huge potential payoffs for businesses that harness the technology before their competitors.
This vendor-written tech primer has been edited by Network World to eliminate product promotion, but readers should note it will likely favor the submitter's approach.
The NSA is spending some $80 million in basic research on quantum computing, money that may ultimately help commercialize quantum computing for the private sector.
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