WASHINGTON, Oct 5 (Businesshala) – Amazon.com Inc (AMZN.O), Google (GOOGL.O) and Microsoft Corp (MSFT.O) joined a Biden administration conference focused on quantum technologies on Tuesday as the US government is expected to be. Works to address hacking threats and corner a booming growth industry.
The White House’s Office of Science and Technology Policy (OSTP) is hosting an event that will discuss important applications of quantum computing, which is expected to operate millions of times faster than today’s advanced supercomputers.
According to an administration spokesperson, Boeing Company (BA.N), Honeywell International Inc., International Business Machines Corp (IBM.N), Intel Corp (INTC.O) and Northrop Grumman Corp (NOC.N) are also expected to participate. have hope.
“There’s a lot of excitement about quantum computers and quantum sensors, and there’s some hype associated with it,” said Charlie Tahn, assistant director of quantum information science at OSTP.
“But we really want to get down to: what applications could quantum computers of the future run that could actually benefit our society.”
The technology, which is based on the fundamentals of physics, is still in its infancy but has become a darling of investors seeking to revolutionize healthcare, finance, artificial intelligence, weather forecasting and other fields.
President Joe Biden’s administration is particularly focused on the national security implications of quantum technology, which promises the ability to easily crack encryption standards in use today.
China, which Washington views as its main rival overseas, has also made significant efforts to develop the technology.
Tahn said the Biden administration is hoping to encourage more students to enter the field and increase cybersecurity around private research and development.
Congress has already funneled hundreds of millions of dollars into industry, including quantum research laboratories, and the bills currently under consideration could add billions more.
Coldquanta, D-Wave, IONQ, QC Ware, Quantum Economic Development-Consortium, Rigeti Computing, Vector Atomic and Zapata organizations will also attend the White House meeting.