The Energy Department is investing hundreds of millions of dollars in researching powerful but energy-efficient computers.

The department is awarding $258 million in research contracts to six companies developing supercomputing technology. Over the next three years, those companies are expected to build out the hardware, software and applications for an exascale computing system 50 times faster than today’s most powerful computers, according to the Energy Department. The department is aiming to have one exascale system by 2021.

IBM, Intel, Hewlett-Packard, Advanced Micro Devices, Cray Inc. and NVIDIA were awarded research contracts and are expected to invest hundreds of millions of dollars of their own money, bringing the total cost of the project to about $430 million.

Keep reading this article at: http://www.nextgov.com/emerging-tech/2017/06/6-companies-score-258m-supercomputing-contracts/138769