BMW announces stake in quantum technology joint venture
As we as a species strive to access more technology than ever before, either to save the planet or to make our lives easier, many scientists are looking for new ways to do their jobs. Quantum technology could help in the future, but for that to happen it needs the support of leading companies today. BMW recognized the potential in this area and decided to join forces with nine other German companies to create the Quantum Technology and Application Consortium (QUTAC).
The goal of this new consortium is to further develop the existing fundamentals of quantum computing into usable industrial applications, according to BMW. “Quantum computing is one of the most promising future technologies and can revolutionize fields of application, from materials research to automated driving. Germany and Europe need a strong quantum computing ecosystem to be at the cutting edge of technology and remain competitive globally. With QUTAC, we are laying the foundations for a successful ecosystem that will allow us to make the most of the great potential of quantum computing, ”said Oliver Zipse, Chairman of the Board of Directors of BMW AG.
At the time of its inception, the consortium included BASF, BMW Group, Boehringer Ingelheim, Bosch, Infineon, Merck, Munich Re, SAP, Siemens and Volkswagen. The participating companies consider that an economically strong and resilient quantum computing ecosystem in Germany and Europe is essential to promote successful industrialization and digital sovereignty in this area. QUTAC’s vision is to drive such a quantum computing ecosystem.
The consortium promotes applications for the commercial use of this technology that are needed in member companies. In doing so, they create industrial demand: members include a broad cross section of the German economy. Thus, the applications identified, developed and tested within the consortium are at the forefront for entire industries. The current circle of ten members allows for pragmatic exchange and rapid decision-making in order to develop concrete solutions in the short and medium term.
The results are intended to benefit all participants in the ecosystem. In its position paper, QUTAC sets out specific steps: First, the need for quantum computing in the German economy must be identified in order to create the basis for a portfolio of cross-industry applications. Currently, possible applications are identified and their potential for industrial implementation is being evaluated.