Denmark’s Novo Nordisk Foundation and the state-owned Export and Investment Fund (EIFO) will invest €80 million to establish QuNorth, a Copenhagen-based venture that aims to deploy what they say will be the world’s most powerful commercial quantum computer. The machine, to be called Magne, will be built by Atom Computing and run on Microsoft’s full quantum software stack. Designed as a Level 2 system with error-corrected logical qubits, Magne is expected to start with 50 logical qubits and more than 1,200 physical qubits—specifications that Microsoft says mark the threshold for achieving ‘quantum advantage’ over classical machines. Construction is scheduled to begin this autumn, with the first computations targeted for the turn of 2026-27. Backers say the project will accelerate research in drug discovery, materials science and other fields while bolstering the Nordic region’s position in the global race against U.S. and Chinese quantum efforts.