The White House will convene quantum computing summit to formulate national quantum strategy.

The White House will convene quantum computing summit to formulate national quantum strategy.

The White House will hold a meeting on Monday to discuss the U.S. government's efforts to promote quantum information science. Officials from various U.S. government departments, such as Alphabet, IBM, JPMorgan Chase and other large companies and academic experts will attend the meeting, Reuters reported.

Quantum computers are running millions of times faster than today's supercomputers. Experts say that while this promising technology is still in its infancy, it may have a major impact on health care, communications, financial services, transportation, artificial intelligence, weather forecasting and other fields in the future.

The technology has significant national security implications, as quantum computers may break through traditional Internet security programs or other passwords.

The conference was organized by the office of science and technology policy of the White House. Jack Taylor, assistant director of quantum information science at the office, said the government planned to unveil a strategy Monday on how to advance next-generation technology. He said the aim of the meeting was to bring together key stakeholders to "really develop a plan" to help make quantum computing a reality and to seek input into other measures that governments could take.

The meeting included officials from the Defense Department, the National Security Agency, the White House National Security Council, NASA and the Federal Department of Energy, the Department of Agriculture, the Department of Homeland Security, the State Department and the Department of the Interior.

Representatives of Honeywell International, Lockheed Martin, Goldman Sachs, AT& T, Intel, Northrop Grumman and other large companies will also attend the meeting.

According to a White House memorandum, quantum computing "will enable us to predict and evolve chemical reactions, new materials and their properties, and to provide a new understanding of space-time and the emergence of the universe," all of which may be realized within a decade.

On the 13th of this month, the U.S. House of Representatives approved legislation on quantum information science to "develop a unified national quantum strategy," authorizing $1.3 billion in funding by 2023.

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