Quantum computing is on the rise. And now, Google wants to find new breakthrough ways to leverage quantum computing technology to solve real world problems.

‍What’s happening:‍

• Google and XPRIZE have launched a new competition with a $5M USD prize for finding new applications for quantum computing
  

Why it matters:‍

• Quantum computing was recently declared a critical technology by the White House and has shown enormous promise for revolutionizing biotechnology, healthcare, energy storage and more
  

By the numbers:‍

• The new competition from Google and XPRIZE will take place over the next 3 years
  
• The ultimate grand prize winner will be awarded $3M USD, $1M USD will be shared with runner ups and the remaining prize money will be spread amongst semi finalists
  

Going deeper:‍

• The quantum computing challenge is named XPRIZE Quantum Applications and will accept researchers globally pursuing quantum computing algorithms for real world use cases
  
• Both Google and XPRIZE believe that breakthrough quantum computing research could unlock new discoveries in drug development, battery design and even engineering more efficient fusion reactors

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