Quantum computing technology predictions for 2022

Jan 11, 2022 – Atom Computing CEO Rob Hays has released a list of his top six quantum computing technology predictions for 2022.

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Quantum computing gained a lot of attention and headlines in 2021 with companies, like ours, making big bets on this paradigm-shifting technology. While quantum computing may not be a household term yet, we will see big strides in 2022 in technology development and the breadth of participation. As I go out talking to clients and partners, I see that quantum computing continues to increase their mind share every day.

Here are my top six quantum computing predictions for 2022:

1. New Quantum Computing Modalities Will Make Revealing Breakthroughs

Early adopters are building teams and investing in proof-of-concept use cases, learning how to leverage quantum computing for competitive advantage in the marketplace. These customers are eager to try different quantum computing platforms to see what works best for their applications. In the past two years, increased R&D in newer quantum computing modalities has spawned competitive systems that show the potential to scale at a faster rate than older modalities.

In 2022, we will see an acceleration of technical demonstrations and product preparation in neutral atom technology, generating more interest and credibility in the approach. By the end of the year, I predict that neutral atom-based quantum computing will be on equal footing in terms of customer awareness compared to earlier technologies: superconductors and trapped ions. We also get to see demonstrations of photonics and other new technologies that aren’t yet on most people’s radar screens.

2. Increased focus on NISQ use cases at various scales

Hardware vendors are pushing to scale the number of qubits per system, while potential users are working with partners to experiment with these smaller initial systems. Today’s quantum computers only have dozens or, in some cases, a hundred qubits, which is not a sufficient scale to compute significant business problems. Current systems are error prone and do not have enough physical qubits to perform error correction algorithms to overcome errors. Thus, we have NISQ machines looking for use cases.

I predict we’ll see novel ways to use NISQ machines for a modest set of interesting use cases in financial services, aerospace, logistics, and perhaps pharmaceuticals or chemicals. This year, I think application developers will figure out how to get more business value out of NISQ systems with thousands of qubits, but the hardware won’t arrive in 2022. Also, I look forward to seeing mid-circuit measurement demos. and error correction in a number of modalities this year that points to the end of the NISQ era and a more productive quantum computing era on the horizon.

3. Major US and Chinese cloud service providers to double down on quantum computing

Cloud service providers (CSPs) should benefit greatly from quantum computing given its breadth of pervasive services, the deep integration of artificial intelligence (AI) into their workloads, and the opportunity to vastly improve future prediction models. AIs based on highly parallel statistical nature. of quantum computing. They also control their own infrastructure, applications, and client interfaces, and have deep technical expertise in semiconductors, systems design, and software development. Building your own vertically integrated solution stack saves costs by eliminating vendor margin stacking and provides better services through joint hardware and software optimizations. All of this gives CSPs a unique ability and motivation to own proprietary quantum computing hardware and software technologies.

I think CSPs can benefit from quantum computing faster and to a much greater magnitude than almost any other industry, at least initially. This year, I look forward to seeing them redouble their efforts to ensure they have viable technology options that can meet their “hyperscale” needs and capture a significant part of the value chain in the future. Some will invest in multiple competing technologies to diversify their risk and eliminate their competitors by removing viable options from the table. It will come in the form of organic R&D, acquisitions and partnerships. All of the above in many cases. The amount of money invested will seem insane to some, but from the point of view of the major cloud service providers in the US and China, the investment will pale in comparison to the long-term value that can be obtained from a leading quantum computing solution. .

4. Investments in Quantum will continue to break records

2021 saw 2X year-over-year growth in venture capital investment in Quantum Computing startups topping $1.7B, according to McKinsey. We also saw the first pure quantum computing hardware company go public and the first major vertical merger. On top of this, governments and multinational corporations have collectively invested billions of dollars. Some have said it is too much. We have even heard of a quantum bubble and quantum winter.

While the investment size and growth rate are large, the expected size of the quantum computing market is much larger. We are at a point where quantum computing is moving from scientific research and proof of concept to hardware and software engineers creating products with commercial promise for years to come. More investment is required to deliver large-scale quantum computing that benefits a broad set of industry verticals and use cases. I expect the amount of money invested in quantum computing to continue to rise in 2022+ with more companies entering the race. At least two companies have signaled their intention to go public soon. I wouldn’t be surprised to see at least 5 major acquisitions or IPO announcements before the end of the year.

5. Diversity and inclusion will be a bigger focus in quantum information science (QIS)

The research is clear. Teams that create and celebrate racial, gender, and cultural diversity benefit from a broader range of experiences and ideas that lead to better products and higher profitability. Like the tech industry in general, the QIS workforce currently does not represent the diverse population of our society. This is not a new problem, but it is an important one and we need to address it. Now is the best time to shape a more diverse workforce while the industry is young before the unconscious biases of “good guy” networks have a chance to form. We need to continue to encourage students to enter STEM programs with a particular focus on sponsoring minorities and underrepresented women in quantum physics and engineering programs to train them for future jobs at QIS.

While there is strong competition for scarce talent among industry players, I think we will see more cooperation to bring talent into the ecosystem and support career development for women and minorities. As the technology matures and marketing investments increase, we are beginning to see a much broader set of job roles available and needed to grow the market. As a result, the available talent pool in 2022 will expand far beyond the physics labs of our universities. With additional job roles, an expanded talent pool, and the exciting opportunity in quantum computing, there is no excuse for not being able to attract a more diverse workforce that can help shape the future of the industry and benefit from the value created. It’s a long game, but we can move the needle this year.

6. The Regional Quantum Centers of Excellence will enable closer collaboration.

It feels like there is a quantum computing startup or research lab popping up in every corner of the planet. That’s good. Many of these companies and institutions are doing significant R&D and creating unique parts of the solution stack to make quantum computing a reality. It takes a village to build an integrated system of complex hardware, software, and services that interoperate together to deliver a superior user experience.

In 2022, constellations of collaborators will emerge, organized by national and regional interests, between university and government research laboratories and private companies in their region. Component vendors, systems hardware companies, and software platform companies will begin to work more closely by forming business alliances. They will share specs, IP, customers, and integrate and test their products together to deliver turnkey solutions (well, at least solutions that don’t require a physicist to operate). These collaborative partnerships will provide innovation environments to accelerate technology and market development in their regions in an effort to gain an advantage over other regions in the quantum computing race.

2022 will be an exciting year on the road to scalable quantum computing. We have a lot of work to do. If you’re interested in connecting or talking more about these predictions, you can reach me on LinkedIn. Here’s to an innovative quantum New Year!

About Atomic Computing

Atom Computing is a growing startup focused on one mission: to deliver scalable quantum computers that can solve some of the most daunting problems ever attempted by man or machine. Our amazing team of physicists and engineers are building quantum computers from optically trapped neutral atoms. To know more visit https://www.atom-computing.com/company.

Source: Rob Hays, CEO, Atom Computing

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