Google is driving innovation forward through a newly established partnership.
Over the past few weeks, Google (GOOGL) has dedicated a significant amount of discussion to the topic of artificial intelligence. Nonetheless, a fresh collaboration signifies a distinct yet interconnected approach to technological advancement: quantum computing.
In an effort to propel the progress of a fault-tolerant quantum computer, Google has joined forces with the University of Chicago and the University of Tokyo. This collaborative endeavor entails a combined investment of $100 million over the next decade, with Google contributing up to $50 million.
Through this substantial investment of millions of dollars, a wide range of research prospects and grants will be made available, fostering workforce development, facilitating business growth, and granting access to quantum computers.
Google stated that this collaboration aligns with the objective of Google Quantum AI, which is to construct a high-capacity quantum computer capable of executing intricate computations while maintaining error correction.
“We believe doing so will unlock the potential to bring tangible benefits to the lives of many — from identifying molecules for new medicines to designing more sustainable batteries, providing robust information security, and even catalyzing scientific research advances that haven’t yet been imagined.”
As per the Harvard Business Review, quantum computers employ a distinctive and advanced methodology for processing and storing data compared to conventional computers. By utilizing a non-binary approach to information, instead of relying solely on zeroes and ones, quantum computers enable significantly faster and more potent calculations that surpass the capabilities of traditional supercomputers.
The adoption of this more robust computing approach holds the potential for even more significant breakthroughs in various domains, including the world of AI, alongside numerous other applications.
The challenge Google aims to address lies in the fact that current quantum computers have an error rate of approximately one in every 1,000 calculations. In order to enable viable practical applications of this computational innovation, a substantial reduction in error rates is required, reaching the level of around one in 1,000,000.