- Landon's Loop
- Posts
- IBM Expands Quantum in Chicago
90th Edition
This Week on Landon’s Loop:
👁️ IBM Expands Quantum in Chicago
📊 Chart of the Week
📆 Events Around the City
Welcome to the first edition of 2025! I hope you all had a wonderful New Year’s celebration! 🥳
👁️ IBM Expands Quantum in Chicago
It was recently announced that IBM, UChicago, and the University of Illinois will build the first ever National Quantum Algorithm Center in Chicago after a $25m grant from the State of Illinois.
This initiative will unite academia, industry, and leadership to drive quantum innovation in our state.
Here’s what you need to know:
National Quantum Algorithm Center
The NQAC will develop advanced algorithms and hybrid quantum-classical workflows for faster problem-solving.
Based at the Illinois Quantum and Microelectronics Park, it’s backed by $500M in state funding and $175M in tax incentives from Cook County.
It’s expected to create thousands of jobs and $20B in economic impact.
IBM's Role
IBM is one of the first major Fortune 500s to put a stamp of involvement in the center, which will feature their Quantum System Two, a next-generation modular quantum computer, as its centerpiece.
The center will support algorithm development across industries such as healthcare, finance, and defense, in partnership with UChicago, University of Illinois, and the Chicago Quantum Exchange.
IBM big vision is to develop a 100,000-qubit quantum computer by 2033.
Why Chicago
Chicago has one of the country’s longest quantum networks, spanning 124 miles and connecting Argonne National Laboratory, the University of Chicago, and the Chicago Quantum Exchange.
Our city is home to a growing ecosystem of quantum research institutions, startups, and industry leaders, making it a natural hub for cutting-edge innovation.
Chicago’s unique combination of academic talent, federal research labs, and private industry partnerships positions us as a leader in this space.
📊 Chart of the Week
Chicago ranks third among cities with the highest concentration of STEM degrees.
📆 Events Around the City
Web3 New Years Party
Tuesday
Slicing the Pie - Equity Splits
Tuesday
Product and Strategy 101 - The Who is the Why
Wednesday
Inside the Loop
Thursday
#87 - Chicago’s Trading Legacy
👋 See you next week!
Chicago innovation at its best:
Researchers from @UChicago developed a semiconductive hydrogel that connects living tissue and machines, paving the way for better biosensors, pacemakers, and brain-machine interfaces.
The future is dope.
— Landon (@landon20s)
4:41 PM • Jan 3, 2025