Quantum Computing Industry Updates

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Quantum computing promises to dramatically impact numerous fields, from cybersecurity to finance, from supply chain to pharmaceuticals, and from defense to weather forecasting.

Jul. 20, 2022 – 

Quantum computing promises to dramatically impact numerous fields, from cybersecurity to finance, from supply chain to pharmaceuticals, and from defense to weather forecasting.

The challenge for quantum bits (qubits) is to make them increasingly stable in order to optimize performance. Platforms with more than 1,000 qubits will appear in the coming years, with several companies like IBM, Amazon, and Microsoft investing more and more. Companies are competing on several aspects: the number of qubits, the types of ports available, connectivity between qubits, error rates, and operating temperature.

"Nature is made of tiny particles – atoms, electrons, and even smaller subatomic ones," said Nir Minerbi, CEO and co-founder of Classiq. "The interaction between these particles is different than objects that we see in our day-to-day lives. Quantum technology relies on the unique, and sometimes strange, physical properties of these tiny particles."

According to Minerbi, the key principles of quantum theory that have direct implications for quantum computing are superposition (the ability of a particle to be in multiple states at the same time), entanglement (the ability of particles to be correlated even if they are very far apart), and interference (the ability of particles to amplify or cancel each other out).

Eric Mounier, director of market research at Yole Intelligence, part of Yole Group, said that R&D is still very active and will continue to be as quantum technologies are definitively strategic for the future.

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