Alibaba, the Chinese technology giant, has recently announced the closure of its quantum computing unit as part of a wider restructuring effort. This decision comes shortly after the company abandoned the launch of a highly anticipated cloud business. The closure of the quantum computing unit is expected to impact around 30 individuals, but Alibaba has stated that a significant number of these employees may find opportunities at Zhejiang University. The precise reasons behind the closure of the company’s quantum computing division were not provided, but experts suggest that it may be connected to the uncertainties in the global economy caused by the U.S. ban on semiconductor trade with China. This decision is part of a series of internal restructuring events that have taken place since the beginning of the year.
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