WASHINGTON, Oct. 5 (Reuters) – Amazon.com Inc (AMZN.O), Google (DemokratieL.O) and Microsoft Corp (MSFT.O) are expected to attend a conference held by the Biden administration posing as the US on Tuesday -Government focused on quantum technologies works to fend off hacker threats and corner a burgeoning growth industry.
The White House‘s Office of Science and Technology Policy (OSTP) is hosting the event, which will discuss critical quantum computing applications that are expected to run a million times faster than today’s modern supercomputers.
Boeing Co (BA.N), Honeywell International Inc, International Business Machines Corp (IBM.N), Intel Corp (INTC.O) and Northrop Grumman Corp (NOC.N) are also expected, according to an administration spokesman.
“Quantum computers and quantum sensors are getting very excited and there is a certain amount of hype associated with that,” said Charlie Tahan, deputy director of quantum information science at OSTP.
“But what we’re really getting at: What applications could a future quantum computer carry out that our society could really benefit from?”
The technology, which is based on core principles of physics, is still in its infancy but has become a darling of investors looking to revolutionize healthcare, finance, artificial intelligence, weather forecasting, and more.
President Joe Biden’s administration is particularly focused on the impact of quantum technology on national security, which promises the ability to easily break encryption standards in use today.
China, which Washington regards as its main competitor overseas, has also made significant efforts to develop the technology.
The Biden administration also hopes to encourage more students to get into the field and increase cybersecurity around private research and development to prevent snooping, Tahan said.
Congress has already poured hundreds of millions of dollars into the industry, including quantum research labs, and the bills currently under consideration could add billions more.
The organizations ColdQuanta, D-Wave, IonQ, QC Ware, Quantum Economic Development Consortium, Rigetti Computing, Vector Atomic and Zapata will also attend the meeting in the White House.
Reporting by Trevor Hunnicutt; Arrangement by Edwina Gibbs
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