this post was submitted on 26 Nov 2023
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Reports: China's Alibaba Shuts Down Quantum Lab (thequantuminsider.com)
submitted 11 months ago by [email protected] to c/[email protected]
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Chinese media and industry insiders are reporting that Alibaba has closed down the company's quantum laboratory.

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[–] [email protected] 2 points 11 months ago* (last edited 11 months ago)

It's too expensive to become profitable within the lifetime of the current board of directors and investors, and also no one was likely paid enough to be qualified to justify the expense to anyone in charge.