Why startups and tech giants are racing to build a practical quantum computer

Why startups and tech giants are racing to build a practical quantum computer

  • 21.03.2025 17:30
  • nbcnewyork.com
  • Keywords: CNBC, Boston Consulting Group

Tech giants and startups are accelerating quantum computing research due to its potential to solve complex problems in industries like mobility, chemicals, finance, and life sciences. While advancements are significant, practical applications remain challenging as the technology transitions from lab experiments to commercial viability.

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Estimated market influence

Technology giants

Positivesentiment_satisfied
Analyst rating: N/A

Tech giants are investing in quantum computing, showing positive influence on the field.

CNBC

Neutralsentiment_neutral
Analyst rating: N/A

CNBC is covering the topic of quantum computing through reporting and media coverage.

Context

Analysis of Quantum Computing Race: Business Insights and Market Implications

Overview

  • Key Players: Major tech companies including , , , , , , , and are actively investing in quantum computing. NVIDIA is the latest entrant with a new research center in Boston.

Market Trends

  • Funding Surge: Over $10 billion has been pledged globally by governments for quantum technologies, with quantum computing being a major focus.
  • Potential Applications: Quantum computers can solve complex problems more efficiently than classical computers, particularly in areas like drug discovery, battery materials development, and optimization challenges.

Business Impact

  • Economic Value: McKinsey estimates that the mobility, chemicals, financial services, and life sciences industries could collectively gain up to $2 trillion by 2035 from quantum computing advancements.
  • Complementary Computing: Quantum computing will not replace classical computers but will work alongside them in hybrid systems, where each type of computer handles tasks based on their efficiency.

Competitive Dynamics

  • Strategic Investments: Companies like PsiQuantum are attracting significant venture capital investment. Playground Global, a major investor, views quantum computing as a transformative technology for industry and science.
  • Race to Commercialization: The transition from lab experimentation to commercial viability is a key competitive challenge.

Challenges and Long-Term Implications

  • Current Limitations: Quantum computers are not yet capable of solving large-scale practical problems.
  • Regulatory Considerations: While not explicitly detailed in the text, the potential long-term implications include regulatory frameworks for quantum computing applications in sensitive industries like finance and national security.

This analysis highlights the transformative potential of quantum computing across multiple industries, driven by significant investments and strategic competition. However, overcoming technical challenges remains critical to realizing its full economic impact.