China has emerged keeps its position as a front-runner with its unveiling of a new generation quantum computing cloud platform and the deployment of a 176-qubit quantum computing platform, Zuchongzhi. This complements their major financial commitment, with China Telecom investing 3 billion yuan ($434 million) to establish the China Telecom Quantum Information Technology Group. Meanwhile, Quantum Machines and ParTec have broken new ground with QBridge, a universal software solution integrating quantum computers into high-performance computing environments, its first installation scheduled at the Israeli Quantum Computing Center later this year.In terms of quantum research and education, the University of Michigan has committed a hefty $55 million to launch a multidisciplinary Quantum Research Institute, while K-12 schools are urged to incorporate quantum computing education to address the looming IT skills gap. A new McKinsey report highlights that a third of jobs in the field remain vacant, reinforcing the urgent need for quantum training. Multinational bank HSBC has joined hands with Quantinuum, the world's largest quantum computing company, to explore quantum applications in financial services such as cybersecurity and fraud detection. As the quantum landscape continues to evolve, it is expected that quantum computers will become mainstream by 2030, as noted by 59% of Canadian organizations surveyed by KPMG. However, it also underlines the need for increased investment to reap the benefits and manage the risks of this rapidly advancing technology.
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The Week in Quantum Computing - June 5th
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China has emerged keeps its position as a front-runner with its unveiling of a new generation quantum computing cloud platform and the deployment of a 176-qubit quantum computing platform, Zuchongzhi. This complements their major financial commitment, with China Telecom investing 3 billion yuan ($434 million) to establish the China Telecom Quantum Information Technology Group. Meanwhile, Quantum Machines and ParTec have broken new ground with QBridge, a universal software solution integrating quantum computers into high-performance computing environments, its first installation scheduled at the Israeli Quantum Computing Center later this year.In terms of quantum research and education, the University of Michigan has committed a hefty $55 million to launch a multidisciplinary Quantum Research Institute, while K-12 schools are urged to incorporate quantum computing education to address the looming IT skills gap. A new McKinsey report highlights that a third of jobs in the field remain vacant, reinforcing the urgent need for quantum training. Multinational bank HSBC has joined hands with Quantinuum, the world's largest quantum computing company, to explore quantum applications in financial services such as cybersecurity and fraud detection. As the quantum landscape continues to evolve, it is expected that quantum computers will become mainstream by 2030, as noted by 59% of Canadian organizations surveyed by KPMG. However, it also underlines the need for increased investment to reap the benefits and manage the risks of this rapidly advancing technology.