Europe places a billion-euro bet on quantum computing

The European Commission plans to invest a billion euros in quantum computing as part of a larger initiative to strengthen Europe’s competitiveness in the digital economy.

The investment, about $ 1.1 billion, will be made through an effort called Quantum Flagship, akin to existing “flagship” projects in the European Union focused on graphene and on the human brain. It is expected to be partly funded by EU research and innovation programs.

The aim is “to place Europe at the forefront of the second quantum revolution, bringing transformative advances to science, industry and society,” said Nathalie Vandystadt, an EC spokesperson.

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