Quantum Computing: Between hype and revolution

Good morning, the largest economies in the world have made a firm commitment to realising quantum computing over the coming decade.

The US signed the National Quantum Initiative Act, the EU established the Quantum Flagship, and China continues to pour billions of dollars into quantum technology.

As the interest in quantum computing technology increases, and its potential impacts on economies are better understood, it is critical to discern between quantum computing hype and the actual computing revolution taking place today.

Recently, McKinsey & Company have published a brief report titled ‘The current state of quantum computing: Between hype and revolution’ that provides a dashboard overview of where industries are in their quantum-computing maturity.

I encourage shareholders and investors to read the report (2 min read). The Authors provide a succinct defence of their bold view that “current research indicates that quantum computing is on the verge of fulfilling its potential.”

Not-so-unexpected is the path forward to much higher quantum computing industry maturity is predicted to correlate with major hardware technological breakthroughs, investment activity, and accelerated development of use cases.

I look forward to highlighting some of these quantum computing end-uses in an upcoming Commentary.

Sincerely,

Dr Mohammad Choucair, FRACI FRSN GAICD
Chief Executive Officer
Archer Materials Limited (ASX:AXE)

Read the full Commentary here