INVESTMENT IN QUANTUM TECHNOLOGY
Deputy Prime Minister Heng Swee Keat made the announcement at the mountain that Singapore would increase its investment in classical systems.  ,
Almost S$ 300 million may be pumped into the field over the course of the next five years to support study. It is the most significant one investment that has been made since 2002, with over S$ 400 million being spent.  ,
The money will move towards four regions, including designing and building classical chips.
” We still do n’t know how to construct the best quantum computers. This is a culture. This is really a battle on the planet and we are progressing extremely quickly”, said Professor José Ignacio Latorre, chairman of the National University of Singapore’s Centre for Quantum Technologies.
Singapore has a fantastic position in this area because it began working in quantum technology 17 years ago, he continued.  ,
When processing statistics, traditional servers, like those found in cell phones, process data between “yes” and “no” billions of times in a single minute. They are able to do everything, from estimates to Excel spreadsheets, with this.  ,
Quantum computers, on the other hand, can solve problems that traditional computers could, by looking for “maybes” in their estimates.
For abilities can be used to design diseases and create innovative medicines in fields like biology. Quantum technologies can handle computations that present technology cannot control in finance.  ,
Singapore may engage in talent, with researchers working for a national research and development center, in addition to boosting equipment. About 200 PhD and grasp- level fellowships will also be offered.
Industry experts believe Singapore may gain a competitive edge if it can address these issues.
” All the nations may simply be left about,” he said. ( They ) will be buyers of technology, not developers of technology”, said Prof Latorre.
” Since this expenditure, Singapore must remain among the nations that have developed classical technologies,” he said.