Record investment to enable Britain to achieve quantum computing by 2030

A British quantum computing company, Quantum Motion, has secured a record-breaking investment of £42m, including contributions from the UK’s technology investment fund and Porsche SE, a German family-owned multinational. Founded by professors John Morton and Simon Benjamin, the start-up is pioneering a unique microchip manufacturing technology approach to developing quantum computers. Quantum computers process qubits, which include a range of states between 1 and 0, making them much more effective at complex tasks such as codebreaking and scientific research. The company hopes to build and sell quantum computers to cloud computing providers and other customers by the end of the decade, making the technology available to researchers, scientists and governments. Despite security concerns, the potential for quantum computing has prompted significant investment and research worldwide.

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