The quantum computing race: how and when will quantum technology affect companies?

Today, we are in the midst of a “quantum race.” Government investments, such as those from the UK, US, China, Japan and the European Commission, amount to US$20 billion in technology development in the last decade. There is a boom in startups in the area attracting venture capital, and large-scale players like IBM, Google, Intel, Microsoft, Alibaba and NTT are stepping up their seed work. Some have also moved on to offer cloud services for the community to experiment with small-scale quantum computers. A recent Elsevier report tracking publications in the field also found that since 1994 there has been a steady increase in quantum computing and nearby technology research, resulting in more than 48,000 publications. The study also showed that from 2015 onwards, there has been a much steeper posting rate. Echoing this rise, quantum computing has dominated headlines in recent years, from Google’s 53-qubit quantum computer “Sycamore” claiming quantum supremacy, to the more recent IonQ, a University of Maryland startup. and Duke University, which has become the first publicly traded university. pure quantum computing company.

Quantum computing and broader quantum technologies are high-risk, high-reward areas of research. They have the potential to impact everything from cybersecurity and AI to weather forecasting and drug development. Quantum computing and broader quantum technologies are an area of ​​strategic national importance, and there are a growing number of collaborative industry initiatives such as the Pistoia Alliance Community of Interest. But where will we actually see how quantum computing is used? And is it worth investing now? The answer to those questions seems clear. As the technology becomes a reality and new applications are found, companies that have not yet explored quantum computing, or even watched technological developments, are likely to fall behind those that do.

Five applications that quantum computing could transform

Leave a Reply

Your email address will not be published.