Chinese multinational Baidu announced that will be launching the quantum computing institute, which will be led by RunyanoDuan, a professor at the University of Technology Sydney. The aim of the institute is to build devices that can be used in various business sectors over next five years.
China is trying to ensure to ensure that they do not lag behind when it comes to quantum computers. The country has funded its National Laboratory for Quantum Information $16 billion over next five years.
Baidu has joined the club which had Alibaba, Tencent, IBM, Microsoft and Google as its member.
The Future Chip 