Chinese search engine giant Baidu is donating its quantum computing research facility to the Beijing Academy of Quantum Information Sciences (BAQIS), in a move similar to one made last year by e-commerce giant Alibaba Group Holding, as both firms lock horns in the country’s artificial intelligence (AI) race.
Baidu said on Thursday it would donate its Baidu Institute for Quantum Computing and associated experiment apparatus to BAQIS, a government-backed laboratory. The two parties are currently discussing details of the donation, according to a company statement.
Beijing-based Baidu, which was an early Chinese investor in AI applications including autonomous driving, established its quantum computing facility in early 2018.
New US investment curbs to have limited impact on China’s targeted tech sectors
New US investment curbs to have limited impact on China’s targeted tech sectors
It was launched with a mission to “become a top-tier global quantum computing research institution in five years”, with a focus on several areas including quantum AI, quantum algorithms and quantum architecture, according to local media the Paper.
In March last year, Baidu and BAQIS jointly launched the country’s first quantum computing intellectual property (IP) alliance, with the goal of facilitating easier IP cross-licensing and innovation in the industry.
Quantum computing is an emerging field of science that harnesses the principles of fundamental physics to solve problems too complex for traditional computers.
While quantum computers are not designed to replace traditional computers, they are able to solve very complex statistical problems via simultaneous multiple calculations, making them much faster.
Chinese scientists use quantum computing to simulate black hole
Chinese scientists use quantum computing to simulate black hole
China and the US have been competing for supremacy in this field in recent years, although the technology is still in its early stage of development. Beijing did not define the area as a national priority until late 2020.
Damo Academy said at the time that it would become more focused on fundamental research in AI and its application in areas such as agriculture and healthcare.
While quantum computing is still a long way from achieving large-scale commercialisation, the new trend of generative AI has been spreading rapidly around the world.
OpenAI, which unleashed a new era of AI with its conversational bot ChatGPT, was reported to be generating annual revenues of US$1.6 billion, according to US digital media outlet The Information. The San-Francisco-based start-up’s rival Anthropic was forecast to rake in over US$850 billion in annualised revenue by the end of 2024.