UK Invests £121 Million in Quantum Tech to Combat Fraud and Boost Economy on World Quantum Day
April 14, 2025
Research indicates that a majority of quantum industry leaders are optimistic about the emergence of practical applications within the next decade, with 83% believing this could happen in ten years.
Experts warn of 'Q-day', the point at which quantum computers could undermine current encryption methods, posing significant risks to internet security.
Quantum mechanics has fundamentally transformed our understanding of the physical world, leading to advancements across various fields, including technology and medicine.
The ongoing exploration of quantum mechanics is expected to drive innovation and progress across multiple sectors, underscoring the importance of curiosity and research in technological advancement.
On April 14, 2025, the UK marked World Quantum Day by announcing a substantial £121 million investment in quantum technology, aimed at various applications including the fight against fraud and money laundering.
Peter Kyle, the Secretary of State for Science and Technology, highlighted the potential of quantum technology to significantly enhance the economy, create jobs, and improve business operations.
This funding initiative is part of the National Quantum Technologies Programme, which focuses on supporting early-stage research and the commercialization of quantum technologies.
World Quantum Day serves as a reminder of quantum computing's potential to revolutionize sectors such as healthcare and energy production, while addressing significant global challenges.
Real-world applications of quantum computing are already being explored, including drug development, financial portfolio optimization, and enhanced online security through improved encryption.
Google has made significant progress in developing large-scale, error-corrected quantum computers capable of tackling complex problems, including energy storage solutions.
In collaboration with BASF, Google is investigating quantum computing's potential to design new materials for eco-friendly batteries, addressing the growing demand for energy storage.
On the same day, events around the world, including a speaker series in Bari, Italy, focused on the implications of the second quantum revolution for education and industry.
Summary based on 29 sources
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Google • Apr 14, 2025
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TechRadar pro • Apr 15, 2025
Can quantum computing tech kill fraud? The UK government thinks so, but with £100 million, I'm not so sure