Worldwide quantum computing market to grow to US$8.6B in 2027

Includes investments made by public and privately funded institutions. International Data Corporation (IDC) today published its first forecast for the worldwide quantum computing market, projecting customer spend for quantum computing to grow from $412 million in 2020 to $8.6 billion in 2027. This represents a 6-year compound annual growth rate…

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Yonsei University unveil collaboration to bring IBM Quantum System One to Korea

Korea set to become the fourth country to have a co-located IBM Quantum System One. Yonsei University announced that Korea is expected to become the fourth country in the world to have an on-premises IBM Quantum System One after the United States, Germany, and Japan. Expected to be deployed at the Songdo International…

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Australia invests A$111M in Quantum Technology

Investment To Back Australia’s Quantum Technology Future. The Morrison Government is investing $111 million to secure Australia’s quantum future, supporting the commercialisation, adoption and use of this new technology to create jobs, support Australian business and keep Australians safe. Prime Minister Scott Morrison today released the Blueprint and Action Plan…

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Key emerging technologies spurring innovation

NFT, quantum ML, generative AI, homomorphic encryption and composable applications and networks among key tech  Engineering trust, accelerating growth, and sculpting change are the three overarching trends on the Gartner, Inc. Hype cycle for emerging technologies, 2021 that will drive organizations to explore emerging technologies such as nonfungible tokens (NFT), sovereign…

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