India finally commits to quantum computing, promises $1.12B investment


The Indian government said today it plans to invest ₹8000 crores ($1.12 billion) in quantum computing research over five years. The country’s finance minister, Nirmala Sitharaman, said the scheme will boost the research for technology under the National Mission of Quantum Technology and Application project. India’s investment comes quite late as plenty of nations have already allotted grants for research in the area. In 2016, the European Commission announced €1-billion ($1.13 billion) funding for quantum computing projects. In 2018, US President Donald Trump signed a bill that promised investment of $1.2 billion in the area. Meanwhile, China has already committed over $2 billion…

This story continues at The Next Web

from The Next Web https://ift.tt/2SltXfl

Comments

Popular posts from this blog

COVID-19 origins: Should we pay more attention to the lab leak theory and formally investigate it?

Menstrual cups are cheaper, more sustainable than pads and tampons for women

Human bodies respond to infections differently depending on the time of day