France Allocates €500 Million for Quantum Computing Advancement
France is investing €500 million in quantum computing, positioning itself as a key player in the industry amid significant global competition. With innovative startups like Alice & Bob leading the charge, this funding aims to enhance technology development and establish a European base in a critical tech race.
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France's PROQCIMA initiative aims to create a fault-tolerant quantum computer with 128 logical qubits by 2030, and a 2,048-logical-qubit system by 2035. The initiative supports five companies, including Alice & Bob, which focuses on 'cat qubits' that autonomously correct errors, potentially reducing the number of required physical qubits.
Alice & Bob secured €100 million in January 2025, increasing its total funding to €130 million. Other contenders include Pasqal and Quandela, which are exploring different quantum technologies. France's investment reflects a strategy to diversify approaches rather than rely on a single technology, contrasting with U.S. efforts.
The country benefits from strong physics research, producing multiple Nobel laureates, which supports its quantum ambitions. While the challenge remains significant against established players like Google and IBM, the technology's potential applications in sectors such as drug development and materials science could yield transformative outcomes.
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