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

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Category : Science and Tech Published on: January 30 2023

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  • 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.
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