PensionDanmark has invested USD 10m in the American quantum computing firm Atom Consulting.

Atom Consulting is planning to establish itself in Denmark for the benefit of the Danish quantum environment.

Commenting, PensionDanmark CEO, Peter Stensgaard Mørch, said: "Quantum computers can open up a whole new world of solutions, and with this investment, we give our members the opportunity to share in the returns from this potential paradigm shift to the benefit of their pension savings.”

Quantum computers are made up of so-called qubits, which can interact together and solve complex problems that are extremely challenging for traditional supercomputers.

In October 2023, Atom Computing announced that the company had created the world's first gate-based quantum computing platform with a capacity of over 1000 qubits. Microsoft has also recently announced a new partnership with Atom Computing to build the world's most powerful quantum computer.

Quantum computers can work much faster than traditional computers and perform calculations that are far more complex. Therefore, the supercomputers are expected to open up groundbreaking solutions, especially within simulation, optimisation, machine learning, and encryption. Solutions that can be used for everything from discovering new drugs and optimizing flight routes to artificial intelligence and increased cybersecurity.

The Danish professional environment for quantum technology dates back more than 100 years to Niels Bohr's atomic model from 1913, and earlier this year, Atom Computing announced that it is establishing its European headquarters in Copenhagen.

"The link between Atom Computing's promising computing power and the Danish quantum environment holds great potential, which we would like to support. We see quantum solutions as part of the future, and with Denmark's scientific traditions in the area, it is obvious that we should strive for a place in the international forefront," Stensgaard Mørch said.

---