Canada to Commercialise World’s First Photonic-based Quantum Computer

Canada to Commercialise World’s First Photonic-based Quantum Computer

Daily Current Affairs / Canada to Commercialise World’s First Photonic-based Quantum Computer

Change Language English Hindi

Category : Science and Tech Published on: January 30 2023

Share on facebook

Canadian Prime Minister Justin Trudeau has announced a new federal investment to build and commercialise the world’s first photonic-based, fault-tolerant quantum computer.
The investment of 40 million Canadian dollars ($32 million) will enable Xanadu Quantum Technologies Inc., a Toronto-based Canadian quantum computing company, to develop the quantum computer.
It will have the potential to provide world leading capabilities to help solve complex data problems and could be used in a variety of sectors such as finance, transportation, environmental modelling, and health.
Earlier this month, Canada launched its National Quantum Strategy, which invests an additional 360 million Canadian dollars ($288 million) to help solidify Canada as a global leader in quantum technologies.

Recent Post's

Justice B. R. Gavai is set to become the 52nd Chief Justice of India, succeeding Justice Sanjiv Khanna
Read More....
China halts deliveries of US-made Boeing jets, intensifying trade tensions between the two nations
Read More....
Daniel Noboa wins the presidential election in Ecuador, earning a full 4-year term.
Read More....
Blue Origin has successfully launched an all-female crew in space, setting a milestone in space exploration.
Read More....
SEBI has banned Gensol Engineering Ltd and its promoters over charges of fund misuse and price manipulation.
Read More....
Credit growth in India’s banking sector is expected to reach 12–13% in FY26 due to favorable policies and low interest rates.
Read More....
Morgan Stanley has revised India's GDP growth forecast for FY26 to 6.1% and cut the Sensex target due to global uncertainties.
Read More....
The 6th edition of the India-Uzbekistan joint military exercise "DUSTLIK-VI" begins at Aundh military base.
Read More....
The Ministry of Labour & Employment signed an MoU with Swiggy in New Delhi for worker welfare and support.
Read More....
Indian shooters Inder Singh Suruchi and Saurabh Chaudhary secured gold in the mixed team shooting event.
Read More....