Canada to Commercialise World’s First Photonic-based Quantum Computer: The first photonic-based, fault-tolerant quantum computer in the world will be developed and commercialised, according to a new federal investment announced by Canadian Prime Minister Justin Trudeau. According to a news release from the Prime Minster’s website, the investment of 40 million Canadian dollars ($32 million) will enable Xanadu Quantum Technologies Inc, a Toronto-based Canadian quantum computing company, to develop the quantum computer which will have the potential to provide world leading capabilities to help solve complex data problems and could be used in a variety of sectors such as finance, transportation, environmental modelling, and health.
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According to a press release, this 177.8 million Canadian dollar ($142 million) project, funded by the government’s Strategic Innovation Fund, will result in the creation of 530 new, highly skilled positions in the high-tech and quantum computing fields.
Canada’s National Quantum Strategy:
Earlier this month, Canada launched its National Quantum Strategy, which invests an additional 360 million Canadian dollars ($288 million) to help solidify Canada as a global leader in quantum technologies.
Founded in 2016, Xanadu, with the mission to build quantum computers that are useful and available to people everywhere, leads the development of PennyLane, an open-source software library for quantum computing and application development.