Germany pumps 650 million euros into IBM quantum computing alliance
- Germany pumps 650 million euros into IBM quantum computing alliance
- FRANKFURT (Reuters) – IBM is joining forces with a German research institute to explore the potential of quantum computing in a project that the government in Berlin will back to the tune of 650 million euros ($717 million) over two years.
- The German government’s backing, sealed at a meeting on Tuesday between Chancellor Angela Merkel and IBM CEO Ginni Rometty, comes as Europe’s largest economy seeks to catch up to the United States and China in a global technology race.
- IBM said it would install a Q System One quantum computer at one of its facilities in Germany, partnering with the Fraunhofer Gesellschaft – an applied research institute – to build a research effort and community around it.
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