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Centre may allot Rs 10,000 crore for quantum computing hubs

Economic Times

Economic Times · 1y ago

Centre may allot Rs 10,000 crore for quantum computing hubs

The Indian government is planning to allocate up to Rs 10,000 crore for establishing supercomputing and quantum computing hubs in collaboration with the private sector through public-private partnerships. These hubs will provide access to high-performance computing to startups, MSMEs, and other companies through leases or a "compute-as-a-service" model. The aim is to add 30,000 GPUs in a digital public infrastructure model, with the initial quantum computing hubs to be set up in academic institutions and government R&D centers. The announcement is expected during the Global Artificial Intelligence Summit and Awards.

Related News

National Quantum Mission to Award Grants to 10-15 Startups in Quantum Technology: Report

OutlookIndia

OutlookIndia · 8m ago

National Quantum Mission to Award Grants to 10-15 Startups in Quantum Technology: Report

The National Quantum Mission (NQM) plans to offer grants to 10-15 quantum technology start-ups, aiming to boost research and development in the field. The mission, which received government funding of INR 6,003.65 crore last year, aims to create a vibrant ecosystem in quantum technology and support sectors such as communication, health, finance, energy, drug design, and space applications. The initiative will also set up four thematic hubs in leading academic and national R&D institutes to focus on quantum computing, sensing, metrology, and materials and devices.

Quantum computing centre to begin operations in Amaravati by early 2026: CM Naidu - The Economic Times

Economic Times

Economic Times · 2m ago

Quantum computing centre to begin operations in Amaravati by early 2026: CM Naidu - The Economic Times

Andhra Pradesh Chief Minister N Chandrababu Naidu announced that a quantum computing centre will commence operations in Amaravati by January 1, 2026. Speaking at the Amaravati Quantum Valley Workshop, Naidu highlighted the significance of quantum computing, emphasizing the development of a robust ecosystem and identifying use cases. The initiative aims to transform Amaravati into South Asia's first quantum valley, advancing the state’s technological landscape with support from the Government of India and international experts.

IPV leads pre-seed round in Bloq Quantum

Entrackr

Entrackr · 1y ago

IPV leads pre-seed round in Bloq Quantum

Artificial Intelligence driven quantum software startup Bloq Quantum has raised Rs 1.3 crore in a pre Seed funding round led by Inflection Point Ventures. The startup had previously raised $95.8K from its existing investor. The proceeds will be deployed for product development, team expansion. innovation in quantum algorithms, improve platform functionalities, and expedite growth, Bloq Quantum said in a press release. Co-founded in 2024 by Sreekuttan L S & Jay Patel, Bloq Quantum simplifies enterprise adoption of quantum computing with its user-friendly low-code interface. According to market research, the global quantum computing market was valued at $10.13 billion in 2022 and is expected to exceed $125 billion by 2030, growing at a CAGR of 36.89%. The Kollam-based startup claims to operate globally, providing quantum computing solutions to clients worldwide. It caters to diverse industries and users, and lays emphasis on quantum computing innovations on a global scale.

Karnataka announces Rs 1,000 crore Quantum Mission, VC fund for startups - The Economic Times

Economic Times

Economic Times · 29d ago

Karnataka announces Rs 1,000 crore Quantum Mission, VC fund for startups - The Economic Times

The Karnataka government has launched a Rs 1,000 crore Quantum Mission to establish a $20 billion quantum economy by 2035, aiming to make the state the "Quantum Capital of Asia." Initiatives include a Quantum Venture Capital Fund backing over 100 startups, a Quantum Hardware Park, and innovation zones. The mission will create 10,000 jobs, pilot applications in multiple sectors, and develop 1,000-qubit quantum processors, enhancing governance and various industries.

Microsoft unveils chip, claiming quantum computers are just years away, not decades

Economic Times

Economic Times · 6m ago

Microsoft unveils chip, claiming quantum computers are just years away, not decades

Microsoft has unveiled a new chip, the Majorana 1, signaling that quantum computing may be just years away, not decades, as once thought. This development, rivaling efforts by Google and IBM, uses the Majorana fermion particle for stability and reduced errors. Though possessing fewer qubits than competitors, its reduced error rates may require fewer for broad applications. This innovation suggests quantum computing could revolutionize fields like medicine and pose challenges to current cybersecurity systems.

Amazon unveils its first quantum computing chip

Livemint

Livemint · 6m ago

Amazon unveils its first quantum computing chip

Amazon's cloud-computing arm, AWS, introduced its first quantum computing chip, Ocelot, aiming to enhance quantum error correction by up to 90%. This marks a significant development in quantum computing, although practical, commercial systems remain years away. The chip, a prototype for error correction testing, signifies Amazon's strides in quantum technology, joining peers like Microsoft and Google in addressing quantum challenges. Despite progress, industry skepticism persists regarding error reduction solutions in quantum systems.

IBM deploys first quantum computer outside the US. Why it matters.

Livemint

Livemint · 2m ago

IBM deploys first quantum computer outside the US. Why it matters.

IBM has deployed its first quantum computing system outside the U.S., installing an IBM Quantum System Two in a Japanese research center. This marks a significant milestone for IBM, highlighting how the dissemination of quantum computing technology is expanding globally. IBM’s strategic adjustments over the years have positioned it as a leader in the quantum computing field, exemplified by its development of the Heron processor, the company’s most advanced quantum chip to date.

US picks 31 regional hubs to spur tech innovation with $500 million corpus

Economic Times

Economic Times · 1y ago

US picks 31 regional hubs to spur tech innovation with $500 million corpus

The Biden administration has selected 31 regional technology hubs from over 370 applicants to receive federal funding of $500 million aimed at promoting innovation in various sectors. The initiative is part of President Biden's "industrial policy" to attract private sector investments and promote growth in industries such as electric vehicles, semiconductors, and clean energy. The program aims to distribute the benefits of tech sector growth beyond established hubs like Silicon Valley, with a focus on areas such as critical minerals, biotechnology, artificial intelligence, and quantum computing.

Quantum computers may soon outclass traditional ones, says IBM fellow

Livemint

Livemint · 10m ago

Quantum computers may soon outclass traditional ones, says IBM fellow

IBM's Vice President of Quantum, Jay M. Gambetta, believes that quantum computers may achieve a quantum advantage over classical ones in the next few years. This will require improving hardware and platforms, as well as developing new algorithms specifically designed for quantum systems. Gambetta stated that current quantum computers have reached a stage where they cannot be simulated using classical computers, allowing researchers to explore meaningful scientific problems. IBM aims to build a 100,000-qubit system by 2033, and Gambetta emphasized that hardware advances must be balanced with algorithmic innovations to unlock practical quantum computing.

Google announces quantum computing chip breakthrough

Economic Times

Economic Times · 8m ago

Google announces quantum computing chip breakthrough

Google has unveiled a quantum computing chip, code-named Willow, which promises to take practical quantum computing closer to reality. The chip can perform in minutes what leading supercomputers would take 10 septillion years to complete. This breakthrough brings quantum computing a step closer to solving unsolvable problems including fusion power and climate change. While a quantum computer capable of tackling such challenges is still years away, this development marks significant progress in that direction. The chip's ability to reduce computational errors exponentially as it scales up is a crucial advancement in quantum computing that has eluded researchers for decades.

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