Xanadu teams up with Telus to build Canadian quantum computing infrastructure - Financial Post

Xanadu Technologies Inc. wants to build and deploy the world’s first large-scale quantum computing data centre in Toronto by 2030. Photo by Xanadu Quantum Technologies Inc.Article contentToronto-based quantum computing company Xanadu Technologies Inc. is joining forces with Telus Corp. to explore the development of a quantum data centre as the company negotiates up to $390 million in government funds to further its goals.Sign In or Create an AccountEmail AddressContinueor Google Microsoft Apple View more offersArticle contentThe two companies on Monday announced the signing of a memorandum of understanding to develop sovereign computing infrastructure that will be the first in Canada to assess combining photonic quantum processors with telecommunications-scale infrastructure, Christian Weedbrook, Xanadu’s chief executive, said.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.We apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Play VideoArticle contentArticle content“In practice, this means classical computers handle large-scale data processing while quantum processors tackle very specific calculations that are difficult for conventional systems,” he said. “Quantum computing remains a research-heavy field, and initiatives like this help bridge the gap between research breakthroughs and the infrastructure needed to eventually commercialize the technology.”Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentNazim Benhadid, Telus’ chief technology officer, said in a statement on Monday that Telus strongly believes “Canada’s technological future must be built on infrastructure we own and control — and quantum computing is the next chapter of that story.”Article contentXanadu wants to build and deploy the world’s first large-scale quantum computing data centre in Toronto by 2030 to solve complex problems beyond the scope of traditional computers in fields spanning artificial intelligence to cybersecurity to drug discovery.Article contentWeedbrook has said Xanadu’s first quantum data centre will likely cost around US$1 billion, but the price tag of subsequent facilities will fall to US$200 million to US$300 million.Article contentArticle contentThe company last week said it is in discussions with the federal and Ontario governments to receive up to $390 million in financing to boost its ability to test and assemble quantum computing hardware in Canada.Article contentRead More What is quantum computing and can Canada remain a hotbed for the futuristic technology? Ottawa promises up to $92 million for four Canadian quantum companies under new Champions program Article contentIt has received public money before, including $40 million in 2023 under the Strategic Innovation Fund. It is set to receive $23 million from Ottawa’s recently launched Canadian Quantum Champions Program.Article contentXanadu is slated to go public later this month by merging with Nasdaq-listed Crane Harbor Acquisition Corp., a special purpose acquisition company, which could value the company at US$3.6 billion. It will be dual-listed on the Nasdaq and Toronto Stock Exchange.Article contentThe Xanadu-Telus partnership is also designed to help unlock Canada’s quantum computing value chain spanning hardware, software, applications and services.Article contentTelus’s competitor BCE Inc. on Monday said it is spending $1.7 billion on a new AI data centre in Saskatchewan that it aims to bring online in the first half of 2027. Both Telus and Bell have launched their own sovereign AI infrastructure solutions.Article content• Email: ylau@postmedia.com Article contentTrending Public-private partnership launches $1.3-billion fund to purchase unsold GTA condos Real Estate Company that wants to mine ocean floor says it may have 'overstated' its growth potential Commodities Subscriber only.

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