Canadian Prime Minister Justin Trudeau has announced a new federal to build and commercialise the worlds first photonic-based, fault-tolerantquantumcomputer. According to a news release from the Prime Minsters website, the investment of 40 million Canadian dollars ($32 million) will enable Xanadu Quantum Technologies Inc., a Toronto-based Canadian quantum computing company, to develop thequantumcomputer which will have the potential to provide world leading capabilities to help solve complex data problems and could be used in a variety of sectors such as finance, transportation, environmental modelling, and Health.
Supported through the governments Strategic Innovation Fund, this project of 177.8 million Canadian dollars ($142 million) is expected to create 530 new highly skilled positions in the high-tech and quantum computing fields.