Alibaba Group Holding Ltd (BABA) Enters Quantum Computing Fray With New Cloud Offering

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Alibaba Group Holding Ltd (NYSE:BABA) wants to be a major player in the cloud computing world, and so-called quantum computing might wind up being a key cog in that plan.

To that end, as Next Big Future reports, the Chinese e-commerce and technology giant has opened up public acces to its new quantum platform:

Users can now access the superconducting quantum computing cloud through Alibaba Cloud’s quantum computing cloud platform to efficiently run and test custom-built quantum codes and download the results.

Dubbed the “ultimate computing power” of the Mother Nature, quantum computing is seen as a solution that can perform calculations at a rate far beyond that of traditional computers. With this ground-breaking quantum technology offered by CAS and Alibaba Cloud, users will be able to run and trial their quantum algorithms in order to learn more about the features and capabilities including the performance of the processor and any existing technological barriers.

Quantum computing has been around in theory for several decades, but only recently have tech giants been able to actually launch commercial products based on it. Rather than using transistors like traditional binary electronic computers, quantum devices use the quantum states of subatomic particles to store information.

Like IBM and others, Alibaba expects researchers to do the heavy lifting in terms of actually leveraging the new technology to accomplish difficult tasks. “By introducing quantum computing services on cloud, we make it easier for the teams to experiment with quantum applications in a real environment to better understand the property and performance of the hardware, as well as leading the way in developing quantum tools and software globally. The user experience offered on cloud will, without doubt, help us further enhance our platform,” commented Dr. Shi Yaoyun, Chief Quantum Technology Scientist at Alibaba Cloud.

Alibaba Group Holding Ltd shares closed at $190.55 on Friday, up $3.37 (+1.80%). Year-to-date, BABA has gained 10.51%, versus a 4.50% rise in the benchmark S&P 500 index during the same period.

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