IBM Installs First Utility-Scale Quantum Computing System in Japan

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IBM has announced the successful installation of a 127-qubit quantum computing system at the University of Tokyo, marking the first “utility-scale” quantum system in the region. The system, known as Quantum System One, will be used for research in various fields including bioinformatics, materials science, and finance. This development is part of an ongoing research partnership between Japan and IBM. Meanwhile, Alibaba, China’s second-largest technology firm, has decided to close its own quantum computing laboratory and donate its equipment to Zhejiang University. This move is seen as a cost-cutting measure, with reports suggesting that the U.S. export ban on computer chips to China has contributed to the decision. The quantum computing sector is expected to grow significantly in the coming years, with estimates suggesting a market value increase of over $5.5 billion between 2023 and 2030. However, concerns have been raised about the state of quantum computing research outside of the U.S. and China. Experts warn that Europe, in particular, needs to catch up in terms of funding, talent, and strategy to remain competitive in this field.

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