Illinois Governor JB Pritzker has secured another victory in his bid to establish Illinois as a technology hub. International Business Machines Corp. (IBM) is investing in a new quantum and microelectronics park in Chicago, further solidifying the state’s commitment to cutting-edge technologies.
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IBM, in partnership with the University of Chicago and the University of Illinois Urbana-Champaign, will establish the nation’s first national algorithm center for quantum computing on Chicago’s South Side. The state will support the project with a $25 million grant to facilitate equipment acquisition. This announcement follows PsiQuantum Corp.’s commitment earlier this year to invest over $1 billion as the anchor tenant in Pritzker’s quantum campus. Pritzker, a strong advocate for technological advancement, allocated $500 million for quantum initiatives in the state’s budget.
Chicago: A Quantum Talent Magnet
“This is a first of its kind for us,” stated Jay Gambetta, IBM’s vice president of quantum, emphasizing the strategic importance of this new center. Chicago’s rich talent pool of computer scientists, applied mathematicians, and physicists, coupled with a diverse range of industries poised to embrace quantum computing, makes it the ideal location for this groundbreaking initiative.
Unlocking Quantum’s Potential: Algorithms are Key
Quantum computers, leveraging the power of qubits to store data in multiple states simultaneously, possess exponentially greater processing capabilities than traditional binary computers. While companies like IBM are making significant strides in quantum technology, skepticism remains regarding its ability to fully replace classical computers.
IBM’s investment, powered by the IBM Quantum System Two, focuses on developing the software and algorithms necessary to unlock the commercial potential of quantum computing. This emphasis on algorithm development is crucial for transitioning quantum computing from theoretical research to practical applications. Industries prevalent in the Midwest, such as fertilizers, finance, insurance, and materials science, stand to benefit significantly from advancements in quantum computing.
“As we enter the next phase of quantum computing, where algorithms are as crucial as the hardware, we are strategically expanding our algorithm footprint in Chicago,” Gambetta explained. “Software development is where the majority of future jobs will be created. This will be our core footprint for algorithm researchers.”
Building a Quantum Workforce
IBM plans to commence hiring immediately, initially placing staff at existing Chicago locations until the new park is completed. The project is projected to create 50 new jobs within five years. This investment in human capital underscores IBM’s long-term commitment to fostering a thriving quantum ecosystem in Illinois.
Illinois: The Emerging Quantum Capital
In July, PsiQuantum Corp., based in Palo Alto, California, announced its plans to construct the first utility-scale, fault-tolerant quantum computer in the US at the 300,000 square-foot site at South Works, the former US Steel plant. Recent approval by the City Council for rezoning the area signals significant progress towards the park’s development.
Chicago also boasts one of the nation’s most extensive quantum networks, spanning 124 miles and connecting Argonne National Laboratory with the University of Chicago and the Chicago Quantum Exchange.
“We are establishing Illinois as the global quantum capital and a center for job growth in the quantum industry,” declared Pritzker. “This will be a true center of innovation, empowered to address the world’s most pressing challenges while creating jobs and investment for our state.” This bold vision underscores Illinois’ commitment to leading the quantum revolution.
