What Is Quantum Computing? The Complete WIRED Guide
1 min read
Summary
Venture capitalists invested a record $1.8bn in quantum computing hardware and software firms in 2022 as confidence grows that the technology could transform sectors such as chemistry, encryption and machine learning.
Google, IBM and others have decided that now is the time to invest heavily in quantum computing following decades of research, which has intensified competition between the US and China.
No quantum computer is yet able to offer sought-after commercial applications, but researchers are hoping chemistry simulations and machine learning will be the first useful areas.
The US, China and the EU are among those that have launched billion-dollar quantum R&D programmes, while Big Tech firms are releasing open-source tools to prepare programmers for the quantum era.