Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»Why is the government betting big on a technology that promises much, but has so far delivered little? | Science, Climate & Tech News
    Stock Market

    Why is the government betting big on a technology that promises much, but has so far delivered little? | Science, Climate & Tech News

    October 25, 20243 Mins Read


    Amid the hum of cooling fans and squelch of vacuum pumps, a new home for 12 quantum computers has opened in Oxfordshire, as part of a bid to put the UK ahead in a global race to harness the technology.

    Quantum computers promise to solve problems too hard for even the most powerful supercomputers – like those requiring vast numbers of parallel computations like complex weather simulations, the binding of drugs to their targets, or the vagaries of financial markets.

    While prototypes have proven that the weird world of quantum matter can be used to perform calculations – none are yet large or stable enough to be of much use.

    “With its focus on making quantum computers practically useable at scale, this centre will help them solve some of the biggest challenges we face,” said science minister Lord Vallance.

    Quantum computers exploit the strangeness of quantum physics to replace the “bits” – zeros and ones – that encode information in classical computers with something fundamentally different.

    Quantum computers
    Image:
    Quantum computers replace ‘bits’ into quantum bits – or qubits

    If manipulated in the right way, matter can be coaxed into quantum bits – or qubits – that can be both a zero and a one at the same time.

    This power, and the fact qubits can become “entangled,” or interact with each other means a relatively small number of qubits can perform more calculations in parallel than a classical computer chip ever could.

    However, even the slightest interference from the outside world can destroy a fragile qubit, so building groups of them large enough that last long enough to make a reliable computer is a major challenge.

    Quantum computers

    The new National Quantum Computing Centre at the Rutherford Appleton Laboratory in Harwell is designed to accelerate that research.

    The 4,000-square-metre facility is designed to host multiple competing designs of quantum computer and around a hundred scientists working on them.

    Some commercial, others developed by university teams – to try to solve hardware and software problems in parallel.

    Quantum computers
    Image:
    Big tech firms like Google, Microsoft, IBM and Amazon are all investing in quantum technology

    “The UK National Quantum Computing Centre is central to this critical work, bringing together internationally leading researchers and technologists from across academia and industry to ensure that the UK’s quantum computing ecosystem thrives,” said Prof Dame Ottoline Leyser, chief executive of UK Research and Innovation that is funding the centre.

    Competition is fierce. Big tech firms like Google, Microsoft, IBM and Amazon are all investing in quantum technology. So too are other states, led by China, which directs more government funding into the field than anyone else.

    Follow Sky News on WhatsApp
    Follow Sky News on WhatsApp

    Keep up with all the latest news from the UK and around the world by following Sky News

    Tap here

    The potential for quantum computers to crack the encryption tools used to keep most online traffic secure gave rise to the term “Q-day” – when the first machine emerges with the capability to decrypt the internet.

    It’s still some way off, but helps explain why governments are interested in betting big on a technology that promises much, but has so far delivered little.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Stock market today: Dow, S&P 500, Nasdaq retreat as tech leads market lower, banks slide after earnings – Yahoo Finance

    Stock Market

    Stock Markets in 2025: Year of the Reboot

    Stock Market

    6 Ultra-High-Yield Dividend Stocks for Safe Income in 2026 and Beyond

    Stock Market

    Dow, S&P 500, Nasdaq Rise; Nike, DJT, Oracle, Nvidia, Tilray, More Movers

    Stock Market

    How five global cities set the pace for technology in 2025

    Stock Market

    Understanding Proprietary Technology: Types, Benefits, and Examples

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    I love cable management but I found the perfect standing desk for people that hate it

    Commodities

    l’usine HDF Energy démarre en 2025 la fabrication des piles à combustible près de Bordeaux

    Ukraine ranks amongst top 3 agricultural product exporters to EU

    Editors Picks

    un partenariat stratégique pour la FinTech – Africtelegraph – Toute l’actualité africaine

    March 22, 2025

    iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Reaches New 12-Month High at $78.57

    July 13, 2024

    Interview de Josip Heit, fondateur de GSB Allemagne, sur l’avenir de l’industrie Fintech

    February 28, 2025

    Sibos 2025: Are new products fulfilling their hyped-up promise? Part 2: Digital assets

    October 1, 2025
    What's Hot

    Micron Technology: The Stakes for Wednesday’s Earnings Report (Part 2)

    December 16, 2025

    Will electric vehicles be the killer app for Silver?

    August 19, 2024

    Hackers used Anthropic AI to ‘to commit large-scale theft’

    August 27, 2025
    Our Picks

    Andrew Maguire´s 2026 Gold & Silver predictions [Video]

    January 16, 2026

    Max Keiser Agrees With MicroStrategy Chair Michael Saylor On ‘Bitcoin Is Divine’ Stance — What’s Going On?

    August 23, 2024

    “Official cryptocurrency wallet” announced by Trump: three sons disagree

    June 3, 2025
    Weekly Top

    OpenAgriNet Digital Network Initiative Launched to Modernize Agricultural Data Systems – ENA English

    February 3, 2026

    Starwood Brings in Centerbridge Exec to Oversee Real Estate

    February 3, 2026

    The rise and fall (and rise again) of gold prices – what’s going on?

    February 3, 2026
    Editor's Pick

    Whales Scooping Up 3 Bullish Coins Ahead of Altcoins Rally: What You Should Know

    October 27, 2024

    Need to increase R&D investments to strengthen agri: ICAR DG

    August 3, 2025

    New guidance to help solicitors navigate climate change in property transactions

    May 12, 2025
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.