Japan to offer $30m in aid for quantum computer sharing in industry, finance

Funding to expand cloud access to 127-qubit IBM model at University of Tokyo

20230413N IBM machine

The University of Tokyo introduced a quantum computer from IBM in 2021. (Photo by Hiroshi Endo)

RIHO NAGAO, Nikkei staff writer

TOKYO -- The Japanese government will provide 4.2 billion yen ($31.7 million) to support the expansion of shared quantum computing through a cloud platform available to businesses, Nikkei has learned.

The Ministry of Economy, Trade and Industry will fund a quantum computing collective led by the University of Tokyo over the next five years.

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