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$5 Million XPRIZE Focuses on Quantum Applications

X-PRIZE

Insider Brief

  • The XPRIZE Quantum Applications competition has launched.
  • Organizers include Google Quantum AI, Google.org, XPRIZE, and the Geneva Science and Diplomacy Anticipator (GESDA)
  • The 3-year, $5 million global challenge seeks to harness the transformative power of quantum computing to address some of the world’s most pressing issues, aligning with the United Nations Sustainable Development Goals (SDGs).

Google Quantum AI, Google.org, XPRIZE, and the Geneva Science and Diplomacy Anticipator (GESDA) have launched the XPRIZE Quantum Applications competition, according to a post on the Google blog. This 3-year, $5 million global challenge seeks to harness the transformative power of quantum computing to address some of the world’s most pressing issues, aligning with the United Nations Sustainable Development Goals (SDGs).

Launching today, the competition aims to catalyze the development of quantum computing algorithms with practical, real-world applications that can contribute to societal advancement. This aligns with Google Quantum AI’s mission to build a large-scale, error-corrected quantum computer and develop meaningful quantum applications, further supported by Google.org’s commitment to leveraging emerging technologies against global challenges.

Quantum computing holds the promise of revolutionizing fields such as drug discovery, material science, and energy efficiency. Despite this potential, the application of quantum algorithms has largely been theoretical, focused on abstract problems rather than tangible societal challenges. This competition seeks to bridge that gap, encouraging innovation that assesses the practical applications of quantum computing and its capacity to outperform classical computing in solving real-world problems.

XPRIZE Quantum Applications is not just looking towards the future but is also focused on identifying applications for today’s Noisy Intermediate Scale Quantum (NISQ) processors and future large-scale, fault-tolerant quantum computers. The competition is an open call for innovators to explore both immediate and long-term applications of quantum computing, preparing the ground for deploying these solutions as the technology matures.

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Participants are tasked with presenting socially beneficial quantum computing applications, demonstrating their algorithms’ superiority over classical solutions, and outlining the positive societal impacts of their implementation. The competition is structured to reward up to 20 teams in the preliminary round, sharing a $1 million prize. Finalists will then compete for a share of a $4 million purse, emphasizing the real-world applicability and societal benefits of their quantum solutions.

The XPRIZE Quantum Applications competition has garnered support from a prestigious group of cross-sectoral experts, serving as advisors and judges. This initiative not only highlights the potential of quantum computing to solve complex global challenges but also emphasizes the importance of a collaborative, inclusive approach to innovation. By inviting contributions from diverse geographical and disciplinary backgrounds, the competition aims to ensure that the benefits of quantum computing are widely accessible and aligned with global needs.

This competition represents a significant step towards realizing the potential of quantum computing in addressing critical issues in sustainability, health, and energy. It invites a collective effort to explore how this cutting-edge technology can contribute to a better future, emphasizing the importance of responsible innovation and the need for collaboration across sectors. For those interested in shaping the future of quantum computing and its application to societal challenges, the XPRIZE Quantum Applications competition offers a unique opportunity to make an impact. Join the movement and help unlock the full potential of quantum computing for the betterment of society.

For more information, go here.

For more market insights, check out our latest quantum computing news here.

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Matt Swayne

With a several-decades long background in journalism and communications, Matt Swayne has worked as a science communicator for an R1 university for more than 12 years, specializing in translating high tech and deep tech for the general audience. He has served as a writer, editor and analyst at The Quantum Insider since its inception. In addition to his service as a science communicator, Matt also develops courses to improve the media and communications skills of scientists and has taught courses. [email protected]

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The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Picture of Jake Vikoren

Jake Vikoren

Company Speaker

Picture of Deep Prasad

Deep Prasad

Company Speaker

Picture of Araceli Venegas

Araceli Venegas

Company Speaker

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