Quantum computing is on the rise. And now, Google wants to find new breakthrough ways to leverage quantum computing technology to solve real world problems.
What’s happening:
- Google and XPRIZE have launched a new competition with a $5M USD prize for finding new applications for quantum computing
Why it matters:
- Quantum computing was recently declared a critical technology by the White House and has shown enormous promise for revolutionizing biotechnology, healthcare, energy storage and more
By the numbers:
- The new competition from Google and XPRIZE will take place over the next 3 years
- The ultimate grand prize winner will be awarded $3M USD, $1M USD will be shared with runner ups and the remaining prize money will be spread amongst semi finalists
Going deeper:
- The quantum computing challenge is named XPRIZE Quantum Applications and will accept researchers globally pursuing quantum computing algorithms for real world use cases
- Both Google and XPRIZE believe that breakthrough quantum computing research could unlock new discoveries in drug development, battery design and even engineering more efficient fusion reactors
