NEWPORT, R.I. — The two leaders of Entanglement Research Institute, a proposed quantum computing center, were in the city this week expressing confidence that the project would move forward this year.
Jason Turner, chairman of the company, and Pete Tseronis, the CEO, are planning to begin construction this summer on a 5.3-acre lot owned by the city on John H. Chafee Boulevard.
Before construction begins, they plan to purchase two quantum computers that would be housed in a temporary facility while this this one is being built.
“People will be working on the computers as soon as possible,” Turner said. “The market is ready.”
“There is passion driving this,” Tseronis said. “We will be providing access to the computers for researchers and programmers so that useful applications can be developed. We are not quantum physicists.”
For investment, they plan to spend $55 million during the first 12 to 15 months of the project and then up to $120 million in total for the project, Turner said.
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