Tencent Quantum Lab Director States China Lags Behind U.S., Europe in the Race for Quantum Computing
China trails US, Europe in quantum computing development: researcher
+ Zhang Shengyu, a prominent researcher at Chinese tech giant Tencent, said that China will not be able to match the US and Europe in quantum computing “within two or three years,” the South China Morning Post reported.
Zhang Shengyu, a prominent researcher at Chinese tech giant Tencent, said that China will not be able to match the US and Europe in quantum computing “within two or three years,” the South China Morning Post reported.
+ Why it matters: Though commercially viable applications for the technology have yet to materialize, its potential to upend information processing makes quantum computing one of the most highly anticipated computing technologies currently in development.
- The global quantum computing market is projected to reach around $5 billion to $10 billion between 2020 and 2025.
- China’s quantum “megaproject,” which seeks to achieve breakthroughs by 2030 as part of its 13th five-year plan, indicates Beijing’s interest in becoming competitive in the field despite its domestic industry being significantly younger than that of the US.
+ Details: In comments made on the sidelines of Tencent’s fourth Teng Yun Summit in Beijing, Zhang also said that the US and Europe are outpacing China in “breakthroughs and talent acquisitions.”
- Zhang was a professor at the Chinese University of Hong Kong before joining Tencent’s Quantum Lab last January.
- The lab was established early last year and “aims to connect fundamental theory with practical applications in the fast-growing sector of quantum information technology,” according to its website.
- According to Zhang, Tencent is not pressuring his lab to commercialize its innovations.
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