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Intel today announced plans to invest $50 million over the next ten years as part of a quantum computing push to help solve problems such as “large-scale financial analysis and more effective drug development.”

But despite the ambitions and huge cost of the project, company vice president Mike Mayberry admits that “a fully functioning quantum computer is at least a dozen years away.”

The money will be channeled through QuTech, the quantum research institute of Delft University of Technology, and TNO, with Intel additionally pledging to commit its own “engineering resources” to the collaborative effort.

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One of the unsung workhorses of modern technology is the humble interconnect. This is essentially a wire or set of wires that link one part of an electronic system to another. In ordinary silicon chips, interconnect can take up most of the area of a chip; and the speed and efficiency with which information can travel along these interconnects, is a major limiting factor in computing performance.

So it’s no wonder that physicists and engineers are creating new generations of interconnect that will become the backbone of information processing machines of the future.

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Cryptographers are working on new encryption methods able to protect today’s Internet communications from future quantum computers that can be able to break today’s cryptography techniques. The researchers have developed upgrades to the Internet’s core encryption protocol that will prevent quantum computer users from intercepting Internet communications.

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Scientists at the University of Vienna and the Austrian Academy of Sciences have developed a new quantum computing technique in which operations occur without a well-defined order. The new technique accomplished a task more efficiently than a standard quantum computer, and could open the way to faster quantum computing.

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A new optical chip that can process photons in a dizzying number of infinite ways has been developed by two research teams. Researchers from the University of Bristol in the UK and Nippon Telegraph and Telephone in Japan (NTT) are behind the breakthrough in quantum computing. The means to solve daunting problems such as the ability to design new life-saving drugs; perform advanced calculations that are a step or two beyond even supercomputers; and analyze weather patterns for more accurate forecasting has just received a major boost.

A group of researchers have pulled off a staggering feat; they’ve developed a silicon-based optical chip that is fully reprogrammable and can process photons in every way imaginable and then some, reports Phys.org.

Prof. Jeremy O’Brien, the Director of the Centre for Quantum Photonics at Bristol University where researchers masterminded the development of the chip, said:

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Researchers from the University of Bristol in the UK and Nippon Telegraph and Telephone (NTT) in Japan, have developing an optical chip that can process photons in an infinite number of ways.

It’s a major step forward in creating a quantum computer to solve problems such as designing new drugs, superfast database searches, and performing otherwise intractable mathematics that aren’t possible for super computers.

The fully reprogrammable chip brings together a multitude of existing quantum experiments and can realise a plethora of future protocols that have not even been conceived yet, marking a new era of research for quantum scientists and engineers at the cutting edge of quantum technologies.

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The microprocessor inside a computer is a single multipurpose chip that has revolutionised people’s life, allowing them to use one machine to surf the web, check emails and keep track of finances.

Now, researchers from the University of Bristol in the UK and Nippon Telegraph and Telephone (NTT) in Japan, have pulled off the same feat for light in the quantum world by developing an optical chip that can process photons in an infinite number of ways.

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