In a recent press meet, Alphabet Inc.'s Google has announced that it has plans to spend several billion dollars on building a quantum computer by 2029 that can perform large-scale business and scientific calculations significantly without any errors. Also, the company recently opened an expanded California-based campus that will predominantly focus on quantum mechanics. The building includes a quantum-data center, research labs, and chip fabrication facilities.
Tech giant Google is one of many companies racing to build a business around nascent technology. Recent researches stated that 2023 would be an inflection point in that the errors of quantum computers would continue to decrease exponentially through software, as opposed to just hardware. Like many other companies, Google is investing in quantum computing and is planning to offer its commercial-grade quantum-computing services over the cloud.
Google uses this potential quantum technology to build more energy-efficient batteries, which creates a new process of making fertilizer emitting less carbon dioxide and speeding up training for machine learning, a branch of artificial intelligence. The company stated that it would need to build a 1-million-qubit machine capable of performing reliable calculations without errors for this to happen. Its current systems have less than 100 qubits.