The Israel Innovation Authority has today announced the formation of the largest consortium in its history, with the aim of developing Israel’s quantum computing technologies with a budget of NIS 115 million.
Quantum computing has a crucial weakness that may severely delay, if not kill outright, its chances of becoming a way of running algorithms that classical computers cannot handle: its susceptibility to noise.
The migration to quantum-safe algorithms could take several years, and for some industries – like healthcare and financial services – the transition is already underway due to technology lifecycles and long-life data that has to remain secure.
