According to Cointelegraph, on November 27, 2023, IBM announced the completed installation of a 127-qubit quantum computing system at the University of Tokyo. It is believed that this initiative marks the arrival of the first “utility-scale” quantum system in the region.
The new system named as“Quantum System One” by IBM and featuring the company’s Eagle processor, is expected to have been installed as part of an ongoing research partnership between Japan and IBM. With insights from a blog post from IBM, it will be used to conduct research in fields such as bioinformatics, materials science and finance, among others.
“For the first time outside North America, a quantum computer with a 127-qubit processor is now available for exclusive use with QII members… By promoting research in a wide range of fields and realising social implementation of quantum-related technologies, we aim to make a broad contribution to a future society with diversity and hope,” Hiroaki Aihara, executive vice president, University of Tokyo, explained.
Furthermore, the quantum computing sector is expected to grow by more than $5.5 billion between 2023 and 2030, as per insights from Fortune Business Insights, Cointelegraph concluded.
(With insights from Cointelegraph)
