Intel to Invest $50 Million in Quantum Computing

Today Intel announced a 10-year collaborative relationship with the Delft University of Technology and TNO, the Dutch Organization for Applied Research, to accelerate advancements in quantum computing. To achieve this goal, Intel will invest US$50 million and will provide significant engineering resources both on-site and at Intel, as well as technical support. "Quantum computing holds the promise of solving complex problems that are practically insurmountable today, including intricate simulations such as large-scale financial analysis and more effective drug development."

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