UK government has announced £ 121 million Investment in quantum technologiesOne step states that “will help to deal with fraud, prevent money laundering and increase development”.
The government expects to achieve this by increasing the UK’s world-agronic research programs, saying that “a limit of profit to working people, including better healthcare system and increased energy efficiency in the grid.”
These are the correct combination of large, impressive promises that are sufficient to avoid any real investigation, with a budget that seems very large, but most likely will be severely reduced to create any real difference. Will these research projects really end fraud? Well, let’s start looking at the breakdown of expenses.
An expensive enterprise
The new investment starts at £ 46.1 million via Innovate UK, and one and £ 21.1 million for the National Quantum Computing Center, including a test program with Innovat UK, “to speed up the search for more methods that Quantum overhaul can expedite how we work and solve problems”.
For me, it suggests that the government wants more sector to adopt quantum computing, but it is not certain what is yet.
Quantum computing is in its early stages, and its capacity is very large, but the British government is pledging hundreds of crores for a solution, it does not yet match a problem – just to avoid falling back.
These cash injections come up with another £ 10.9 million for the Quantum Measurement Program of the National Physical Laboratory to encourage more businesses to “fully use technology”.
Here’s the matter, however: Quantum computing in its current form is derogatoryly expensive. The mass production of quantum computers for commercial use is still the best estimate, the cost of a single middle-range quantum computer (with 50–100 Qualbits) is more than $ 1 million, away from years, and more than $ 1 million, Spinical estimates,
The £ 121 million figure is £ 24.6 million £ 24.6 million, which is in funding from EPSRC for the already declared research hub, and 11 quantum technology acceleration has spread £ 15.1 million among the acceleration fellowships, which helps in finding more real world applications for quantum, to the discovery of more real world, from the discovery of the drug to the disease to the disease. Possibility Use of new emerging technology.
Big expectations
To be clear, research is always positive, and government Needed Possible uses for quantum computing – Establish public research projects in mammals, an area that has great possibilities for public benefits – and if Quantum technology can eliminate fraud then it is fantastic.
It is said, at this stage, quantum computing is not ready for commercialization, and it is so expensive that there is just a decline in the ocean for £ 121 million technology, while that money can be used to create a real, tangible difference – such as for nature -friendly farming budget (Recently cut by the government)The cost of the same amount, but to protect 239,000 hectares of land, or to help the project of £ 120 million to help infection in zero -utterance vehicles in the UK – an average benefit to the British public.
Britain has a well -developed technology sector, but struggles with one Lack of serious skillsLow wages, and a productivity problem. Quantum has the ability to be great as technology, these underlying issues will suppress any new growth until they are resolved – and the government promise “Save millions of people for our economy, build thousands of jobs and improve businesses across the country.” It sounds like a stretch with “relatively small cash injections.
For reference, it is estimated that China has invested in more than $ 15 billion public quantum funding, which is spending both the European Union ($ 7.2 billion) and the US ($ 1.9 billion). To suggest that such a small investment by the UK will settle together with crime, fraud and money laundering, as well as distributing thousands of jobs and cementing the UK as a world-leader in quantum is incredibly optimistic, and quite clearly, money can be used elsewhere.
The UK’s current 10 -year plan for quantum expenses is just £ 2.5 billion for development, an investment level is likely to overshadow by hosting other states. Although investment is required, without a consistent quantum strategy and guided public policy, they are likely to decrease.
