ETRI-Xanadu Business Agreement Commemorative Photo/Third and fourth from the left (Bang Seung-chan, head of ETRI, and Christian Weedbrook, CEO of Xanadu)
South Korean researchers are teaming up with Xanadu, a world-renowned Canadian company, in the field of optical-based quantum computing. The Electronics and Telecommunications Research Institute (ETRI) announced on the Thursday that it will cooperate with Xanadu in research on optical-based quantum computing and machine learning.
ETRI and Xanadu will share common goals for the development of hardware and software needed to implement quantum computing and the utilization of machine learning, and plan to conduct joint research and exchange personnel.
Zanadu has secured a quantum edge, ranking third in the world in quantum computing after Google and the University of Science and Technology (USTC). More than 180 experts are involved in research and development, and it is recognized as a world leader in optical-based quantum computing, with an investment of $275 million in quantum computing hardware.
ETRI is also actively engaged in comprehensive quantum technology research, including hardware and system software for quantum computers and quantum computing that allows for defects through quantum error correction.
"We hope that this international research collaboration will serve as an opportunity to take our quantum technology to the next level and contribute greatly to the early development of quantum computing and the application of machine learning," said Bang Seung-chan, head of ETRI.
Christian Weedbrook, CEO of Xanadu, said, "I hope the two organizations will build a mutually beneficial relationship based on ETRI's research capabilities. "We will strive to develop quantum computing technology in the future through joint research and exchange of human resources."
Quantum computing is considered a future technology that can efficiently solve problems that are difficult for conventional computers to solve, greatly enhancing the competitiveness of countries and companies. Global companies such as Google, IBM and Microsoft, as well as various national organizations, are competitively pursuing research in this field.
