IBM partners with Japanese business, academia in quantum computing

The "Quantum Innovation Initiative Consortium" will be based at the University of Tokyo

U.S. tech firm International Business Machines Corp on Thursday launched a research partnership with Japanese industry to accelerate advances in quantum computing, deepening ties between the two countries in an emerging and sensitive field.

Continue Reading Below

Members of the new group, which includes Toshiba Corp and Hitachi Ltd, will gain cloud-based access to IBM's U.S. quantum computers. The group will also have access to a quantum computer, known as IBM Q System One, which IBM expects to set up in Japan in the first half of next year.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The "Quantum Innovation Initiative Consortium" will be based at the University of Tokyo and also includes Toyota Motor Corp , financial institutions and chemical manufacturers. It will aim to increase Japan's quantum skill base and allow companies to develop uses for the technology.

It follows a agreement between IBM and the university, signed late last year to further co-operation in quantum computing, which holds the promise of superseding today's supercomputers by harnessing the properties of sub-atomic particles.

IBM SHARES RISE AS CORONAVIRUS SENDS BUSINESS TO THE CLOUD

"We're trying to build a quantum industry," Dario Gil, director of IBM Research, told Reuters. "It's going to take these large scale efforts."

TickerSecurityLastChangeChange %
IBMINTERNATIONAL BUSINESS MACHINES CORP.124.96+0.47+0.38%

The partnership comes as the United States and its allies compete with China in the race to develop quantum te

chnology, which could fuel advances in artificial intelligence, materials science and chemistry.

"We have to recognize quantum is an extremely important, competitive and sensitive technology and we treat it as such," Gil said.

WHITE HOUSE PARTNERS WITH APPLE, IBM TO ENCOURAGE AMERICANS TO THINK OUTSIDE 4-YEAR DEGREES

Last September, IBM said it would bring a quantum computer to Germany and partner with an applied research institute there.

IBM is targeting at least doubling the power of its quantum computers each year and hopes to see its system become a service powering corporations' operations behind the scenes.

CLICK HERE TO READ MORE ON FOX BUSINESS

Quantum computers rely on superconductivity that can only be achieved in temperatures close to absolute zero, making developing viable systems a formidable technical challenge.

(Reporting by Sam Nussey; Editing by Sam Holmes)