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Abu Dhabi Looks to Become World’s FinTech Centre by Building Quantum Computer

By IQT News posted 03 Jun 2021

(TheNationalNews) Abu Dhabi would be in a strong position to achieve “technological sovereignty in fintech thanks to local investments in advancing the field,” Prof Jose Ignacio Latorre recently said.
He made his comments during the launch of Fintech Abu Dhabi’s Global Startups Tour, which seeks innovative and disruptive financial technology [fintech] start-ups to compete in a series of pitching competitions held globally.
Quantum computing should be able to compute for a fraction of the cost and a fraction of the energy.
By the end of the summer, Abu Dhabi’s Quantum Research Centre will have completed the development of the emirate’s first quantum chips, Prof Latorre said.
The centre, which is part of the Technology Innovation Institute, itself a branch of the government’s Advanced Technology Research Council, is also developing a fully fledged quantum computer.

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