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 18:08
  • nbclosangeles.com
  • Keywords: quantum computing, CNBC

Startups and tech giants are accelerating quantum computer development due to technological advancements, funding, and clear applications. While quantum computing can solve complex problems more efficiently than classical computers in specific areas like drug discovery and materials science, it is expected to complement rather than replace traditional systems. Despite progress, challenges remain in transitioning the technology from lab experiments to commercial use.

Microsoft Reports
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Estimated market influence

Technology giants

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Leading the race in quantum computer development.

Boston Consulting Group

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Provided insights on quantum computing advancements and funding.

McKinsey and Company

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Estimated economic impact of quantum computing across industries.

Playground Global

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A venture capital firm investing in quantum startups like PsiQuantum.

PsiQuantum

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A leading quantum computing startup with significant investor backing.

Context

Analysis of Quantum Computing Race: Business Insights and Market Implications

Industry Overview

  • Key Players: Major tech companies including , , , , , , , and are actively investing in quantum computing.
  • New Entrant: NVIDIA announced a quantum computing research center in Boston, led by CEO Jensen Huang.

Market Potential

  • Global Investment: Over $15 billion has been pledged globally by governments for quantum technologies.
  • Economic Impact: McKinsey estimates that quantum computing could generate up to $2 trillion in value by 2035, primarily across four industries:
    • Mobility
    • Chemicals
    • Financial Services
    • Life Sciences

Competitive Landscape

  • Complementary Technology: Quantum computing is not a replacement for classical computers but enhances their capabilities through hybrid systems.
  • Strategic Partnerships: Venture capital firms like Playground Global are major investors in quantum startups, with PsiQuantum being a notable example.

Technological Challenges

  • Current Limitations: Practical quantum computers capable of solving significant problems remain elusive.
  • Commercial Viability: The transition from lab experimentation to commercial use is still underway.

Strategic Considerations

  • Long-term Effects: Quantum computing has the potential to revolutionize industries by solving complex problems in drug discovery, materials science, and optimization challenges.
  • Regulatory Impact: While not explicitly detailed, future regulatory frameworks will play a critical role in shaping the industry's growth.

This analysis highlights the transformative potential of quantum computing, driven by massive investments, strategic partnerships, and technological advancements, while also acknowledging the significant hurdles that remain.