Live Chat

Crypto News

Cryptocurrency News 11 months ago
ENTRESRUARPTDEFRZHHIIT

University of Tokyo Rolls Out IBM's 127-Qubit Quantum System amid Alibaba Lab Shutdown

Algoine News
Summary:
The University of Tokyo recently unveiled a 127-qubit Quantum System One from IBM, marking the introduction of the first "utility-scale" quantum system in Asia. Utilized for extensive research across diverse fields, the processor enables the exploration of next-gen technologies. Meanwhile, Alibaba, China's second-largest tech firm, is shutting down its quantum computing lab due to reported cost-cutting, underlining contrasting trajectories of quantum research in global tech companies.
On November 27, the University of Tokyo unveiled a 127-qubit quantum computing system from IBM, the inaugural device of this magnitude in Asia. Named the "Quantum System One", this system, equipped with IBM's Eagle processor, forms part of the ongoing collaboration in quantum research between the Japanese institution and IBM. The tool will fuel explorations in fields as varied as bioinformatics, materials science, and finance, IBM communicated via a blog post. The University's executive vice president, Hiroaki Aihara, declared this the first instance of a 127-qubit quantum computer's deployment beyond North America, exclusive to QII members. He emphasized the intention to boost research across multiple disciplines while paving the way for quantum technology's societal integration, nurturing a future society rich in diversity and potential. Meanwhile, Alibaba, China's second-largest tech player, has chosen to dissolve its in-house quantum computing laboratory, allegedly to curb costs, committing its equipment to Zhejiang University. Job cuts among lab-associated staff have been implemented by the dozens, in accordance with local media reports. This decision trails a prior one to cancel a planned cloud-computing initiative, the U.S's partial embargo on China-bound chip exports causing "uncertainty", as stated by Alibaba. A surging quantum computing industry is anticipated to see a $5.5 billion expansion within 2023 to 2030, forecasts Fortune Business Insights. However, concerns arise over the future of quantum research in territories beyond the U.S and China. Koen Bertels, founder of quantum computing accelerator QBee and a professor at Belgium's Ghent University, voiced concerns about Europe missing out on the quantum computing race, similar to AI, due to lagging in resources, skills, and strategic planning against US competition.

Published At

11/27/2023 6:11:54 PM

Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.

Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal? We appreciate your report.

Report

Fill up form below please

๐Ÿš€ Algoine is in Public Beta! ๐ŸŒ We're working hard to perfect the platform, but please note that unforeseen glitches may arise during the testing stages. Your understanding and patience are appreciated. Explore at your own risk, and thank you for being part of our journey to redefine the Algo-Trading! ๐Ÿ’ก #AlgoineBetaLaunch