Category : Science and TechPublished 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.
