Hewlett Packard Enterprise (HPE) said Monday that the company and a group of seven other technology organizations have formed the Quantum Scaling Alliance, an initiative to back quantum computing projects.
HPE Labs' Masoud Mohseni will oversee the initiative and will coordinate efforts among the eight organizations, the company said.
The project was launched to design and develop a useful and cost-effective quantum supercomputer, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.