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Fintech

British Startup Installs NYC's First Quantum Computer

Summary generated with AI, editor-reviewed
Heartspace News Desk
Source: Bloomberg.com
fintech related image for: British Startup Installs NYC's First Quantum Computer

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Key takeaways

  • British startup Oxford Quantum Circuits (OQC) has installed New York City's first quantum computer at a Digital Realty Trust data center, situated within the Google building in Chelsea, Manhattan
  • This installation represents a significant advancement in bringing sophisticated quantum computing capabilities to the city's technology sector
  • The quantum computing system is now available to the data center's clients, offering them the ability to execute artificial intelligence (AI) programs with increased speed and efficiency
British startup Oxford Quantum Circuits (OQC) has installed New York City's first quantum computer at a Digital Realty Trust data center, situated within the Google building in Chelsea, Manhattan. This installation represents a significant advancement in bringing sophisticated quantum computing capabilities to the city's technology sector. The quantum computing system is now available to the data center's clients, offering them the ability to execute artificial intelligence (AI) programs with increased speed and efficiency. OQC Chief Executive Officer Gerald Mullally stated that the company intends to invest tens of millions of dollars over the next three to five years. A portion of this investment will be allocated to acquiring and integrating Nvidia Corp. chips into the quantum computer. This strategic investment in quantum infrastructure aims to enhance AI performance for commercial users in a prominent urban hub.

Related Topics

quantum computingOxford Quantum CircuitsNew York Citytechnology infrastructurefintech

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