Chicago Business Media Supports Quantum Initiative, Advances Technology Leadership

Insider Brief

Editors at Crain's Business Chicago are urging policymakers and business leaders to support efforts to make Chicago a quantum tech hub. They point to growing interest from major quantum companies such as IBM and PsyQuantum as evidence of the city's quantum potential. The editors are lobbying for increased city government activity to boost Chicago's quantum ambitions.

There's a lot of hype around quantum, but behind all the noise, hype and quantum-related buzzwords, the technology isn't going to be a true game-changer, according to the editorial board at Crain's Chicago Business.

In a recent op-ed in Crain's Business Chicago, editors report that Chicago is positioned to become a hub for quantum technology and an inside passageway to its potential. The op-ed points out Chicago's potential and urges local leaders to seize the opportunity.

Quantum computing, while less glamorous than artificial intelligence, has the potential to revolutionize problem solving and even change our perception of reality. According to Crain's, Chicago universities, particularly the University of Chicago and the University of Illinois, have already made great strides in this field, with significant government support. But the editors highlight growing interest from private companies as a more exciting development.

“The corporate investment is the kind of action that will accelerate Chicago's emergence as a quantum computing hub, with the potential to deliver significant benefits to Chicago's tech community and economy as a whole,” the editors wrote.

The growing interest from these companies, as made clear by discussions with quantum leaders IBM and PsiQuantum, could have a significant impact on the local tech ecosystem and economy as a whole. While neither company has yet revealed detailed plans, their interest, and especially IBM's collaboration with local universities, could be a big step towards establishing a robust quantum infrastructure in the city.

As Crain's John Pretz reported, IBM's potential expansion would bolster Gov. JB Pritzker's vision to make Illinois a quantum technology hub. Pritzker's ambitious plan includes a $20 billion investment to develop a 150-acre campus dedicated to quantum computing. The proposed sites, a former U.S. Steel plant on the Far South Side and a former Texaco refinery in Lockport, are under consideration by PsiQuantum, a Silicon Valley startup that is also eyeing Chicago.

“Bringing IBM to the state will lend further credibility to Governor JB Pritzker's efforts to make Illinois a quantum technology epicenter,” notes the Business News Journal. Quantum technology, which leverages quantum mechanics, promises a quantum leap in computing power, speed and security. This leap in capabilities could revolutionize fields ranging from medical research to climate modeling and put Chicago at the forefront of technological innovation.

The editorial also highlights the economic benefits of this quantum propulsion: the expected creation of high-paying jobs for researchers and semi-skilled workers will provide a significant boost to the economy. Crain's highlights the potential of the Southworks facility to revitalize a long-dormant part of the city, injecting it with much-needed economic vitality. Crain's calls for the city government to step in.

“That's why City Hall should do all it can to smooth the way for this investment by making the South Works site a more attractive option,” the editors urge. “The tech companies that surround the area, and the real estate developers who work with them, will need help rehabilitating the site and building the infrastructure needed to make it viable. And while an overreliance on tax increment financing has been rightly criticized in Chicago for years, revitalizing the South Works site and its surroundings pretty much fits the textbook definition of what TIF was created for.”

Crain's Business Chicago's endorsement highlights a critical moment facing the city: Chicago has the opportunity to become a leading hub for quantum computing by leveraging its academic strengths and attracting large-scale corporate investment — a combination that could position the city as a key player in the next wave of technological advancements.

“Sources familiar with the project expect a decision by the end of this month,” the editors wrote, reflecting the urgency and high stakes of the project. IBM's collaboration with PsiQuantum, along with potential collaborations with other quantum companies working in the field, has put Chicago at a critical crossroads.

Sources 1/ https://Google.com/ 2/ https://thequantuminsider.com/2024/06/08/chicago-business-media-endorses-quantum-efforts-push-for-tech-leadership/ The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos