Photo credit: www.cnbc.com
Major technology corporations such as Amazon, IBM, Google, Intel, and Microsoft are heavily invested in the development of quantum technology, alongside emerging players like Rigetti, IonQ, Quantum Computing Inc., and D-Wave Quantum Inc.
Recently, Nvidia has made its entry into the quantum landscape. In March, CEO Jensen Huang announced plans for the establishment of a quantum computing research facility in Boston.
According to Matt Langione, managing director and partner at Boston Consulting Group, the current enthusiasm surrounding quantum technology is fueled by a blend of technological innovation, substantial funding, and clearer applications for real-world problems. He noted that over $50 billion has been committed worldwide by governments to quantum technologies, prominently featuring quantum computing.
Experts emphasize that quantum computing bears the promise of addressing complex issues that would be challenging, if not unfeasible, for traditional computers. However, this emerging technology is not positioned to completely supplant classical computing. Langione remarked, “Quantum computing will actually enhance classical computing because they complement each other.” He explained that future challenges will typically be solved using hybrid models that employ both quantum and classical computers, each taking on tasks suited to their respective strengths.
For instance, quantum technologies could prove especially advantageous in developing new pharmaceuticals or creating advanced materials for batteries. Analysts from McKinsey and Company predict that the sectors poised to experience the most immediate economic benefits from quantum computing include mobility, chemicals, financial services, and life sciences, potentially generating up to $2 trillion in value by 2035.
Peter Barrett, founder and general partner at Playground Global—a significant investor in quantum startup PsiQuantum—noted that this technology represents a transformative class of computation with the capability to significantly impact various fields including industry, commerce, and scientific research.
Despite notable progress in the realm of quantum computing, current systems have yet to demonstrate the ability to resolve substantial real-world issues effectively.
Recently, CNBC explored the Silicon Valley startup PsiQuantum to assess the progress in achieving operational quantum computers. The report highlighted the ongoing challenges the technology faces as engineers strive to shift from experimental stages to practical implementation. For a closer look at these advancements and hurdles, viewers are encouraged to watch the accompanying video.
CNBC’s Kate Rooney contributed to this report.
Source
www.cnbc.com