Tech company ramping up investment in quantum computing

Along with big technology companies like IBM, Google, Amazon, Intel, countries including Canada, UK, China, Germany and Australia are involved in the development of quantum computing.

Falgun 20, 2081

Sajana Baral

Tech company ramping up investment in quantum computing

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Microsoft recently released the world's first quantum processor based on topological qubits called 'Majorana 1'. According to the company, this technology has brought the possibility of quantum computing even closer. Microsoft, which has been working for the development of this technology for 20 years, has said that it plans to build a scalable quantum computer within a few years.

Along with big technology companies like IBM, Google, Amazon, Intel, Canada, UK, China, Germany, Australia and other countries are engaged in the development of quantum computing. The response of the experts in this field is that Microsoft's latest achievement in the bid to come out of Abel is interesting. In its announcement, Microsoft claims to have made a big leap in the field of quantum computing. It is said to be able to process complex and impossible calculations at extremely high speed that even supercomputers cannot do.

Majorana 1 has turned the previously theoretical 'topological superconductivity' into a reality, said Chetan Nayak, vice president of quantum hardware at Microsoft. Quantum computing is a technology thousands of times more powerful than conventional computers. While conventional computers use bits (0 or 1), quantum computers are built with qubits (which can be 0 and 1 simultaneously). For this reason, quantum computers are expected to be able to perform massive amounts of critical processing in parallel and revolutionize data processing capabilities.

Microsoft's new technology is claimed to be stronger, less error-prone and longer-lasting than other quantum computing technologies available so far. Currently, companies like IBM, Google, Righetti are working on superconducting qubits technology. IonQ, Honeywell and other companies are trying to develop a quantum computing system using 'trapped ion' technology.

Microsoft's Majorana 1 is the first processor based on topological qubits. It is believed to lead quantum computing in a new direction. Along with American companies, organizations such as Canada's D-Wave and Xanadu, China's Alibaba and Waidu, Germany's IQM, Australia's Silicon, Britain's Oxford and Cambridge are working hard to gather more advanced technology in quantum computing.

According to experts, if Microsoft's new technology is successful, it will bring radical changes in areas such as health, finance, artificial intelligence (AI), drug discovery research and encryption. For example, in the design of new drugs, quantum computer technology can be used to calculate how the human body will react to new drugs before actual testing. This will greatly speed up drug development. It is expected to play a very helpful role in improving analysis and strategy in areas with complex and millions of data along with stock market, crypto.

Microsoft's Chetan Nayak claims that the latest quantum technology will make the fields that need to process millions and millions of data such as climate, weather, various scientific experiments, traffic, complex government data, and machine learning, faster and easier. Due to these expectations, the market for quantum computing is expanding rapidly. Currently its market value is around 1 billion US dollars and it is estimated to reach 13 billion US dollars by 2032. Countries like America have advanced a lot in this technology. Big tech companies are investing billions of dollars in research into such technology.

But quantum computers are expensive to build and operate. Even a very simple quantum computer starts at 5 million US dollars (about 660 million Nepalese rupees). Experts estimate that opportunities and risks will also come in with the widespread development of quantum computing. They expect new and more complex challenges to be added to cyber security. Currently used encryption techniques are vulnerable to being easily broken by quantum computers. If this happens, there could be a major crisis in banking, government and military data security. Therefore, scientists are also moving towards developing quantum-resistant encryption methods.

According to Microsoft officials, the company aims to build a fully stable and error-free quantum computer in the next few years. Microsoft's recent achievements and the race of other companies have been commented by science and technology experts that quantum computing is not just a new technology but one of the biggest scientific leaps of human civilization.

(with agency help)

Sajana

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