The Commonwealth Bank (CBA) has invested in a simulation of a theoretical quantum computer to show us how it could change the way we use technology. As in, making it a lot faster and more powerful.
A quantum computer uses zeros and ones - at the same time - while a normal computer uses zeros or ones. These are called qubits, and they are completely theoretical at this point. Qubits are set to speed up computing.
CBA has joined forces with Telstra and the Federal Government, thrown in $15 million, and invested in the UNSW Australia's Centre of Excellence for Quantum Computation and Communication Technology.