#Quantum calculator software
28% of companies surveyed by quantum software startup Zapata reported they have allocated a budget of $1 million or more for quantum investments. One in ten expect quantum computing to be available for use in at least one major application within three years. The number of software-only startups is increasing faster than any other segment of the quantum computing market.Ī recent survey of business executives by Capgemini found that 23% are working with quantum technologies or planning to do so. Investments in quantum computing startups have surpassed $1.7 billion in 2021, more than double the amount raised in 2020, according to McKinsey. The private sector is increasingly engaged. $1.2 billion, and India and Japan $1 billion each. China announced plans to invest $15 billion in quantum computing, the European Union $7.2 billion, the U.S. The funding for quantum-related research comes largely from the public sector. This is one reason why I am so excited to be part of this industry today.” While the most important result of the quantum paradigm shift in computing is still unknown or perhaps not even invented, if we are able to ensure that quantum software progresses hand-in-hand with hardware, then by 2027 we'll have incredibly-powerful quantum computers that would revolutionize material science, carbon capture, supply chain optimization, and therapeutical discovery. Back in the 70s, if you asked someone what could be done with billions of transistors on a chip, the answer would probably be 'a powerful calculator', and not 'using a Google search' or 'the Internet in your pocket'. Nir Minerbi, co-founder and CEO, Classiq Technologies: “The most important advance in quantum computing by 2027 is probably beyond our imagination. The increase in availability will lower the bar for accessibility, taking quantum computing from niche to mainstream, and enabling applications to easily benefit from quantum technologies, including improving financial modeling, significantly enhancing computational chemistry and more." Itamar Sivan, co-founder and CEO, Quantum Machines: "I believe the most important advancement in quantum computing in the next five years will be the availability of quantum accelerators that can be used as seamlessly as GPUs are today.
We also believe that quantum sensors will be employed to significantly improve clocks, mapping, and intracellular sensing.” These networks may also be used to create small clusters of quantum machines for advanced computing. However, by the end of the five-year period we will start seeing the emergence of error-corrected fault-tolerant quantum processors and this will be the inflexion point for large-scale quantum computing adoption in real world applications.”ĭavid Awschalom, Liew Family Professor in Molecular Engineering and Physics at the University of Chicago, senior scientist at Argonne National Laboratory, director of the Chicago Quantum Exchange, and director of Q-NEXT, a Department of Energy Quantum Information Science Center: “In the next five years, we anticipate the emergence of metropolitan-scale entangled quantum networks for secure communication. Although there might be a few applications that will use these to achieve a quantum advantage, most potential quantum applications still won’t find these NISQ machines powerful enough to outperform classical computing-based solutions. Doug Finke, Managing Editor, Quantum Computing Report: “The next five years of quantum computing will be the era of the NISQ machine and we will see increasingly powerful NISQ machines being introduced.
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