Japan wants to have the world’s fastest supercomputer by 2018 and it is willing to spend $173 million to build it.

Reuters has reported that Japan’s supercomputer, which has the project name: Artificial Intelligence Bridging Cloud Infrastructure (AIBC) – will significantly outperform the current global number one, China’s Sunway TaihuLight.

Japan’s Ministry of Economy, Trade and Industry will invest the $173 million in the technology, which will be built at the country’s National Institute of Advanced Industrial Science and Technology (AIST). They aim to recoup some of the outlay by having companies pay to use the supercomputer.

Bidding has opened to deliver the game-changing AIBC and it closes on 8 December. We’ll bring you more on this story when the winning bidder is announced.