Tech Mahindra and Mahindra University have signed a memorandum of understanding (MoU) to set up a new'Makers Lab' for research and development in quantum computing, explainable artificial intelligence, and Metaverse. Tech Mahindra already has 10 Makers Lab across the world and the new unit at Mahindra University will be the 11th facility globally and second in Hyderabad. Emphasising the need to focus on development of quantum computing, Tech Mahindra MD and CEO CP Gurnani said, the industry is looking at data explosion with growth in cloud computing, data centres, and 5G driving the change in the present computing system. "I think the basics of quantum computing is quantum physics. Quantum physics clearly shows there is always this inflection point and then after that, either the current hardware or the quant developers will be able to suddenly create magic. My only personal belief is that the pressure on the systems will come in because of the data explosion," he said.
Car manufacturer BMW and quantum computing technology developer Pasqal have entered a new phase of collaboration to analyze the applicability of quantum computational algorithms to metal forming applications modeling. The automotive industry is one of the most demanding industrial environments, and quantum computing could solve some of the key design and manufacturing issues. According to a report by McKinsey, automotive will be one of the primary value pools for quantum computing, with a high impact noticeable by about 2025. The consulting firm also expects a significant economic impact of related technologies for the automotive industry, estimated at $2 billion to $3 billion, by 2030. Volkswagen Group led the way with the launch of a dedicated quantum computing research team back in 2016.