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Technology Stocks : Investing in Exponential Growth
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From: Paul H. Christiansen3/9/2018 10:52:45 AM
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Baidu has entered the race to build quantum computers

Baidu announced today that it will launch its own institute for quantum computing dedicated to the application of quantum computing software and information technology. The Baidu Quantum Computing Institute will be headed by Professor Duan Runyao, director of the Centre for Quantum Software and Information at the University of Technology Sydney (UTS).

Professor Duan said that his plan is to make Baidu’s Quantum Computing Institute into a world-class institution within five years, according to local media. During the next five years, it will gradually integrate quantum computing into Baidu’s business. Duan will report directly to Baidu president Zhang Yaqin.

Quantum computing is an emerging field based on quantum mechanics. It promises to enhance large-scale data processing and complicated computing problems, as well as upgrade network security services based on quantum cryptography.

Baidu will face steep competition to conquer quantum computing not only from international players but on home turf. In February, Alibaba teamed up with the Chinese Academy of Sciences to launch a quantum computing service on the cloud offering 10 qubits. In October 2017, the company announced investing US$15 billion into next-generation technology such as AI and quantum computing.

Read More – tech node
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