Google to pay $5 million for practical applications of quantum computing
Google, XPRIZE and the Geneva Center for Science and Diplomacy announce a long-running competition with a prize of $5 million to apply quantum computing algorithms to solve real-world problems problems This was reported on the Google blog.
XPRIZE Quantum Applications, a three-year competition, began on March 4 and will conclude with the selection of finalists.
The purpose of this competition
Google explains that quantum computers have the potential to solve social problems, such as the rapid development of new medicines or the creation of charging materials batteries But many quantum algorithms were studied in the context of abstract mathematical problems and were used less for practical purposes.
While there are many reasons to be optimistic about the potential of quantum computing, we still do not fully understand how, when, and for which real-world problems this technology will have the greatest impact. - It is noted in the blog.
Competition details
- Applications for participation must contain a description of the socially useful problem that the teams plan to solve, as well as an analysis duration of problem solving by a separate quantum algorithm.
- The finalists will be no more than 20 teams, who will be allocated a prize fund of $1 million. classical solutions, as well as predict a positive impact on society in general.
- Three winners will receive $3 million in prizes. The second-place teams will receive $1 million.
- Google states that the advisers and judges of the competition will be highly qualified experts from various fields.
Glossary
- Google is the largest search engine in the world and one of the best IT companies.
- XPRIZE is a non-profit fund-organizational system that encourages people to achieve by announcing various contests with awards.
- quantum computing is an area of computer science that uses quantum theory to solve problems for which classical computers would be ineffective.
Link
- Google Blog - Google's official blog, which publishes information about the XPRIZE Quantum Applications competition.
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Google supports the XPRIZE Quantum Applications competition with a prize of $5 million to apply quantum computing in practice. Learn the details and goals of this event.
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