Israel is continuing its plans to lay the foundation for quantum computing capabilities, which the country says will lead to future developments in economics, technology, security, engineering and science.
This week, the Israel Innovation Authority announced a NIS 100 million budget to build a quantum computing research center, run by Israeli startup Quantum Machines, which will also help build a quantum computer. .
Quantum Machines, founded in 2018, has built a hardware and software solution – the Quantum Orchestration Platform (QOP) – to power quantum systems to facilitate research and enable future breakthroughs. It has also developed QUA, a standard universal language for quantum computers, which the startup says will allow researchers and scientists to write programs for different quantum computers with a single unified code.
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The company already provides quantum computing services to customers in more than a dozen countries, including multinational corporations, government laboratories, academic institutions and quantum development start-ups. Quantum Machines recently announced a partnership with Toyota Tsusho Corporation, the trading arm of automotive giant Toyota, to develop future quantum capabilities and provide the multinational Japanese customers with access to quantum technologies.
Israel’s new quantum computing center is part of Israel’s national quantum science and technology program, launched in 2018 with a budget of 200 million shekels, later raised to 1.25 billion shekels.
The program was launched to facilitate relevant quantum research, develop human capital in the field, encourage industrial projects and invite international research and development collaboration.
In February, the Israel Innovation Authority and the Defense Ministry said they would allocate nearly 200 million shekels to develop a government quantum computer and lay the foundation for Israeli computing capabilities in the field. The NIS 100 million budget is part of this plan.
The Defense Ministry’s Research and Development Directorate (DDR&D) will launch a separate tender to finance the development of quantum technologies for military use for an additional NIS 100 million, the defense authority said.
Quantum Machines, in cooperation with a consortium of Israeli and international companies specializing in quantum technologies, will build a quantum computer that will be made available to companies and research organizations.
The center will provide access to research and development of three quantum processing technologies – superconducting qubits, cold ions and optical computing – and provide services to Israel’s quantum computing community, the Israel Information Authority said on Sunday.
Itamar Sivan, co-founder and CEO of Quantum Machines, said in a company statement that the goal of the project is “to provide Israeli companies with access to the most advanced quantum technologies and services so that they can develop in-depth quantum expertise in industry and academia. This expertise will enable Israeli companies spanning a wide range of sectors and industries to become global leaders.”
Ami Appelbaum, chairman of the Israel Innovation Authority, said the new center was “the answer to an existing strategic market failure and is part of the authority’s policy to enable the industry to maintain its leading position at the forefront of disruptive and disruptive technologies. »
Tech giants like Google, Microsoft, IBM and Intel are all racing to make quantum computing more accessible and build additional systems, while countries like China, the US, Germany, India and Japan are investing millions to develop their own quantum capabilities.
According to the latest market forecasts, the global quantum computing market size is estimated to be $487.4 million in 2021 and is expected to reach $1.765 billion by 2026.
Quantum computing is a relatively new and hugely complex field, but experts say that quantum computing can benefit industries such as cyber security, materials and pharmaceuticals, banking and finance, or advanced manufacturing, which is likely to lead to massive developments in large areas such as finance, security, engineering or natural sciences.
Quantum computers take advantage of quantum mechanics to quickly solve problems that are too complex for classical computers. Quantum computers process exponentially more data than classical computers by using quantum bits or qubits, the basic unit of quantum information.