Sign up to save your podcasts
Or
Share Quantum Computing's Trillion-Dollar Future: Big Bucks, Breakthroughs, and the AI Love Affair
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Quantum Computing's Trillion-Dollar Future: Big Bucks, Breakthroughs, and the AI Love Affair
This is your Quantum Tech Updates podcast.
Hi, I'm Leo, your go-to expert for all things quantum computing. Let's dive right into the latest updates.
The quantum computing landscape is buzzing with excitement. Just a few days ago, I was reflecting on the long-term forecast for quantum computing, and it still looks incredibly bright. According to BCG, quantum computing is expected to create $450 billion to $850 billion of economic value by 2040, with the market for hardware and software providers reaching $90 billion to $170 billion[1].
One of the key indicators of progress is the doubling of physical qubits on a quantum circuit every one to two years since 2018. This trend is expected to continue for at least the next three to five years. Moreover, despite a 50% drop in overall tech investments, quantum computing attracted $1.2 billion from venture capitalists in 2023, underscoring continued investor confidence.
Governments are also making big investments, led by the US and China, envisioning a future where quantum computing plays a central role in national security and economic growth. Public sector support is likely to exceed $10 billion over the next three to five years, giving the technology enough runway to scale.
Recent breakthroughs in qubit error correction have been particularly promising. A collaboration among Harvard, QuEra, MIT, and NIST/UMD demonstrated error correction with 48 logical qubits on the neutral atoms platform. IBM created an innovative error-correcting code that is ten times more efficient than prior methods, and Microsoft and Quantinuum demonstrated an 800-times error reduction with trapped ions.
The synergy between quantum computing and AI is also gaining attention. The upcoming Quantum + AI conference in New York City highlights the potential of combining these technologies to create new algorithms, machine learning techniques, and data processing methods that are impossible to achieve with classical computers. Speakers like Nicolas Godbout from Polytechnique Montréal and Amandeep Bhatia from Purdue University will discuss the latest advancements and challenges in this field[3].
Furthermore, McKinsey's Quantum Technology Monitor report notes that quantum technology has seen strong momentum, thanks to funding and significant technological advances. The report estimates that the ecosystem is progressing toward unlocking an estimated economic value of approximately $2 trillion by 2035[4].
In conclusion, the quantum computing landscape is filled with promising developments and significant investments. From breakthroughs in qubit error correction to the growing synergy with AI, it's an exciting time to be in this field. Stay tuned for more updates as we continue to push the boundaries of what's possible with quantum computing.
For more http://www.quietplease.ai
Get the best deals https://amzn.to/3ODvOta
Hi, I'm Leo, your go-to expert for all things quantum computing. Let's dive right into the latest updates.
The quantum computing landscape is buzzing with excitement. Just a few days ago, I was reflecting on the long-term forecast for quantum computing, and it still looks incredibly bright. According to BCG, quantum computing is expected to create $450 billion to $850 billion of economic value by 2040, with the market for hardware and software providers reaching $90 billion to $170 billion[1].
One of the key indicators of progress is the doubling of physical qubits on a quantum circuit every one to two years since 2018. This trend is expected to continue for at least the next three to five years. Moreover, despite a 50% drop in overall tech investments, quantum computing attracted $1.2 billion from venture capitalists in 2023, underscoring continued investor confidence.
Governments are also making big investments, led by the US and China, envisioning a future where quantum computing plays a central role in national security and economic growth. Public sector support is likely to exceed $10 billion over the next three to five years, giving the technology enough runway to scale.
Recent breakthroughs in qubit error correction have been particularly promising. A collaboration among Harvard, QuEra, MIT, and NIST/UMD demonstrated error correction with 48 logical qubits on the neutral atoms platform. IBM created an innovative error-correcting code that is ten times more efficient than prior methods, and Microsoft and Quantinuum demonstrated an 800-times error reduction with trapped ions.
The synergy between quantum computing and AI is also gaining attention. The upcoming Quantum + AI conference in New York City highlights the potential of combining these technologies to create new algorithms, machine learning techniques, and data processing methods that are impossible to achieve with classical computers. Speakers like Nicolas Godbout from Polytechnique Montréal and Amandeep Bhatia from Purdue University will discuss the latest advancements and challenges in this field[3].
Furthermore, McKinsey's Quantum Technology Monitor report notes that quantum technology has seen strong momentum, thanks to funding and significant technological advances. The report estimates that the ecosystem is progressing toward unlocking an estimated economic value of approximately $2 trillion by 2035[4].
In conclusion, the quantum computing landscape is filled with promising developments and significant investments. From breakthroughs in qubit error correction to the growing synergy with AI, it's an exciting time to be in this field. Stay tuned for more updates as we continue to push the boundaries of what's possible with quantum computing.
For more http://www.quietplease.ai
Get the best deals https://amzn.to/3ODvOta
View all episodes
By Quiet. PleaseThis is your Quantum Tech Updates podcast.
Hi, I'm Leo, your go-to expert for all things quantum computing. Let's dive right into the latest updates.
The quantum computing landscape is buzzing with excitement. Just a few days ago, I was reflecting on the long-term forecast for quantum computing, and it still looks incredibly bright. According to BCG, quantum computing is expected to create $450 billion to $850 billion of economic value by 2040, with the market for hardware and software providers reaching $90 billion to $170 billion[1].
One of the key indicators of progress is the doubling of physical qubits on a quantum circuit every one to two years since 2018. This trend is expected to continue for at least the next three to five years. Moreover, despite a 50% drop in overall tech investments, quantum computing attracted $1.2 billion from venture capitalists in 2023, underscoring continued investor confidence.
Governments are also making big investments, led by the US and China, envisioning a future where quantum computing plays a central role in national security and economic growth. Public sector support is likely to exceed $10 billion over the next three to five years, giving the technology enough runway to scale.
Recent breakthroughs in qubit error correction have been particularly promising. A collaboration among Harvard, QuEra, MIT, and NIST/UMD demonstrated error correction with 48 logical qubits on the neutral atoms platform. IBM created an innovative error-correcting code that is ten times more efficient than prior methods, and Microsoft and Quantinuum demonstrated an 800-times error reduction with trapped ions.
The synergy between quantum computing and AI is also gaining attention. The upcoming Quantum + AI conference in New York City highlights the potential of combining these technologies to create new algorithms, machine learning techniques, and data processing methods that are impossible to achieve with classical computers. Speakers like Nicolas Godbout from Polytechnique Montréal and Amandeep Bhatia from Purdue University will discuss the latest advancements and challenges in this field[3].
Furthermore, McKinsey's Quantum Technology Monitor report notes that quantum technology has seen strong momentum, thanks to funding and significant technological advances. The report estimates that the ecosystem is progressing toward unlocking an estimated economic value of approximately $2 trillion by 2035[4].
In conclusion, the quantum computing landscape is filled with promising developments and significant investments. From breakthroughs in qubit error correction to the growing synergy with AI, it's an exciting time to be in this field. Stay tuned for more updates as we continue to push the boundaries of what's possible with quantum computing.
For more http://www.quietplease.ai
Get the best deals https://amzn.to/3ODvOta
Hi, I'm Leo, your go-to expert for all things quantum computing. Let's dive right into the latest updates.
The quantum computing landscape is buzzing with excitement. Just a few days ago, I was reflecting on the long-term forecast for quantum computing, and it still looks incredibly bright. According to BCG, quantum computing is expected to create $450 billion to $850 billion of economic value by 2040, with the market for hardware and software providers reaching $90 billion to $170 billion[1].
One of the key indicators of progress is the doubling of physical qubits on a quantum circuit every one to two years since 2018. This trend is expected to continue for at least the next three to five years. Moreover, despite a 50% drop in overall tech investments, quantum computing attracted $1.2 billion from venture capitalists in 2023, underscoring continued investor confidence.
Governments are also making big investments, led by the US and China, envisioning a future where quantum computing plays a central role in national security and economic growth. Public sector support is likely to exceed $10 billion over the next three to five years, giving the technology enough runway to scale.
Recent breakthroughs in qubit error correction have been particularly promising. A collaboration among Harvard, QuEra, MIT, and NIST/UMD demonstrated error correction with 48 logical qubits on the neutral atoms platform. IBM created an innovative error-correcting code that is ten times more efficient than prior methods, and Microsoft and Quantinuum demonstrated an 800-times error reduction with trapped ions.
The synergy between quantum computing and AI is also gaining attention. The upcoming Quantum + AI conference in New York City highlights the potential of combining these technologies to create new algorithms, machine learning techniques, and data processing methods that are impossible to achieve with classical computers. Speakers like Nicolas Godbout from Polytechnique Montréal and Amandeep Bhatia from Purdue University will discuss the latest advancements and challenges in this field[3].
Furthermore, McKinsey's Quantum Technology Monitor report notes that quantum technology has seen strong momentum, thanks to funding and significant technological advances. The report estimates that the ecosystem is progressing toward unlocking an estimated economic value of approximately $2 trillion by 2035[4].
In conclusion, the quantum computing landscape is filled with promising developments and significant investments. From breakthroughs in qubit error correction to the growing synergy with AI, it's an exciting time to be in this field. Stay tuned for more updates as we continue to push the boundaries of what's possible with quantum computing.
For more http://www.quietplease.ai
Get the best deals https://amzn.to/3ODvOta