Google Launches $5 Million Quantum Computing Competition to Find Real-World Applications
• Google launched a $5 million competition to find real-world use cases for quantum computing technology, as its capabilities and applications are still uncertain.
• The competition, run by Google and GESDA, will award $1 million to 20 finalists to develop quantum computing proposals.
• Grand prize winners will receive $3 million for the best ideas, while runners-up will split another $1 million.
• While promising, quantum computing is still in early developmental stages like computers in 1950s, but this competition aims to uncover practical applications.
• Submissions can propose near-term uses for today's quantum computers or more advanced future applications to be judged by experts from top tech companies and academics.