Alibaba Places Bet on Quantum Computing, Pledges to Invest 30 Million Yuan Annually

Grazed from Yibada.  Author: Editorial Staff.

To create a quantum computer that processes data at tremendous speeds–trillions of times quicker than the world’s fastest computer, China’s supercomputer Tianhe-2–is the target of a prospective game-changing scheme introduced by Alibaba Group Holding Ltd. and the Chinese Academy of Sciences (CAS).

If the venture becomes successful, the effect of having a China-based lightning-speed computer could make all modern technological developments worldwide during the past 50 years look like baby steps.  Researchers at tech firms, such as Microsoft Corp., International Business Machines Corp. and Google Inc., as well as governments around the globe, have invested on quantum computer technology in recent years…


Alibaba has been the first Chinese tech firm to join the worldwide quest for commercial uses of accelerated computational capacity on a large scale. Alibaba broadcast in late July that Aliyun, its cloud-computing arm, had signed a 15-year partnership with CAS, a top government research entity, to open the Shanghai-based Alibaba Quantum Computing Laboratory…

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