50 qubits: Finland is a leader in quantum technology

 VTT Technical Research Center of Finland, in collaboration with IQM Quantum Computers, has unveiled the continent’s first 50-qubit quantum computer, marking a milestone for European technology. This important milestone places Finland at the forefront of quantum computing research and development.

Company: VTT Technical Research Center of Finland, in partnership with IQM Quantum Computers.

Capabilities: The 50-qubit quantum computer is designed to solve complex computational problems that are currently beyond the reach of classical supercomputers. Potential applications include advances in cryptography, drug discovery, and materials science.

Cost: While exact investment figures are not disclosed, it is worth noting that the Finnish government has invested approximately €20.7 million in quantum technology since 2020, fostering a strong ecosystem for such groundbreaking projects.

Quotes:

“Our goal is clear: to be a world leader in quantum technology. This is the basis for our economic success and prosperity.” — Olaf Scholz, Chancellor of Germany.

“This achievement marks a significant step towards harnessing the full potential of quantum computing for real-world applications.” — IQM Quantum Computers representative.

This event not only underlines Finland’s commitment to technological innovation, but also paves the way for Europe to become a major player in the global quantum computing race.

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