TECH - Baidu Takes Quantum Leap with Donation of Advanced Computing Lab to Beijing Academy | Benzinga
China's tech giant Baidu, Inc (NASDAQ: BIDU) has announced plans to donate its quantum computing laboratory and equipment to the Beijing Academy of Quantum Information Sciences (BAQIS), a government-supported institution.
The decision comes as Baidu continues to work out specific arrangements with BAQIS.
This move mirrors a similar step taken by Alibaba Group Holding Limited (NYSE: BABA), which disclosed its intention to wind down its quantum computing laboratory at Zhejiang University as part of a more significant corporate restructuring in November, Reuters reports.