Google Inc (NASDAQ:GOOG) And NASA Renew Contract With D-Wave

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Google Inc (NASDAQ:GOOG) and NASA have renewed their contract with quantum computing systems maker D-Wave. Among other things, the renewed contract calls for D-Wave to install quantum computing systems at NASA’s Ames Research Center. Commercialization of quantum computers is still years out but it is hoped that the systems will make computing better when they arrive.

Google Inc (NASDAQ:GOOG), NASA and Universities Space Research Association (USRA) are active in quantum computing research. They are seeking new types of computers that are able to handle more complex computing problems.

The agenda

NASA’s efforts in quantum computing research are geared towards projects such as unmanned space missions and better mission-control support. On its part, Google is looking to leverage quantum computing systems to improve its search engine and other offerings.

With quantum computers, organizations are able to perform complex computing operations quickly and with great efficiency. Quantum systems also support more advanced system optimization, which explains their efficiency compared to existing systems. Already, there are indications that Google and NASA’s quantum computing projects are progressing well.

In addition to installing new generations of quantum systems at NASA’s Ames research center, the new contract also allows Google and its partners to have D-Waves systems for up to seven years.

Google’s in-house projects

In-house, Google Inc (NASDAQ:GOOG) is also working on quantum computing technologies. The company is interested in bolstering its artificial intelligence in areas that include speech recognition and quantum technology holds the promise.

Others driving quantum research

Besides Google Inc (NASDAQ:GOOG) and NASA, Intel Corporation (NASDAQ:INTC) is also active in quantum computing system research. The chipmaker has committed $50 million in investment in research projects around quantum computing systems.

Challenges with quantum systems

Currently, there are several challenges around quantum computing systems. For example, for the existing quantum systems to work, you have to house them at almost freezing temperatures.

It will be interesting to see what advancements Google Inc (NASDAQ:GOOG) and its partners will make following the renewal of their contract with D-Wave.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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