Japan announced plans to build a new supercomputer next year that will be 73 times faster than world's fastest supercomputer.
IBM currently holds the title with its Blue Gene/L system which is capable of 136.8 teraflops. The new supercomputer Japan wants to build will offer a performance of 10 petaflops, or 10 quadrillion calculations per second.
The supercomputer will be used to study the formation of the galaxy and interactions between medicines and the human body.
More details at CNN.