IBM and the European applied research agency Fraunhofer-Gesellschaft have inked an agreement to partner in the area of quantum computing.
Under terms of the agreement, an IBM Q System One, owned and operated by IBM, will be located in an IBM facility in Germany. It will be the first installation of its kind in Europe, says IBM. The IBM Q System One is IBM’s first commercial quantum computer.
The German Government will invest €650 million (roughly, $72 million) over the next two years to support the transition of quantum technologies from basic research into market ready applications, according to a statement released by IBM.
The joint initiative of Fraunhofer-Gesellschaft and IBM (Germany) aims to unite partners in research and industry under the roof of a Fraunhofer Competence center for quantum computing, operated and managed by the Fraunhofer-Gesellschaft, says IBM.
[Image courtesy: IBM]