The Novo Nordisk Foundation and Denmark's state-owned credit fund said on Thursday they will invest in what they say will be the world's most powerful quantum computer, aiming to revolutionize areas such as drug discovery and materials science.

They don’t yet have access to the latest and most powerful quantum computers, known as Level 2 quantum systems. To fix this, Denmark’s investment fund (EIFO) and t

Denmark's plans for a new quantum computer, Magne, will include a record-breaking 50 logical qubits and more than 1,200 physical qubits.

The Danish government and the foundation behind Novo Nordisk A/S will invest €80 million ($93 million) in a Microsoft-powered quantum computer to boost technological development in the Nordic region.

Microsoft and Boulder-based company, Atom Computing, are building the world’s most powerful quantum computer in Denmark.

Denmark, through its Export Investment Fund, is launching a new quantum project as it makes a bold step to lead the global race in quantum computing, backed by the Novo Nordisk Foundation. This comes as the Danish government aims to outpace all existing machines in power and performance.