Quantum computers only 15-30 years away?
According to the head of Nvidia the technology will only be commercially viable in 15-30 years. His answer is a reaction to a question about the strategy of the world’s largest graphics processor manufacturer in the field of quantum computers. In his opinion, Nvidia could produce conventional chips that are necessary alongside their quantum counterparts for quantum computing. These computers however, they would need 1 million times more units quantum processing (qubits) than they are currently equipped with.
It could take 15-30 years for companies to achieve “highly usable quantum computers.”
Quantum stocks crashed
D-Wave lost 36% in reaction to these words its value during one trading session. Its CEO Alan Baratz replied to Huang that D-Wave already has commercial operations, and companies such as Mastercard and NTT Docomo use its quantum computers to increase the efficiency of their operations. However, D-Wave’s revenues are still at a minimal level today – the company’s sales in the last quarter dropped by 27% to USD 1.9 million. on a year-to-year basis.
Development of quantum technology
Quantum technology has been in development for decades, and giants such as Nvidia, Microsoft and IBM are working on it. Researchers from universities and startups are also participating in the race. The new breed of computers is expected to be significantly better than today’s processors at solving problems such as decryption, random number generation and large-scale simulations.
In December, Google announced a breakthrough in its work on the development of a promising technology. The idea was to create a 100-qubit chip, which is to be the second step of six in the strategy to build a quantum system containing 1 million qubits – we read further in CNBC.
Quantum companies rally
Quantum companies have experienced a real price rally. D-Wave gained 185% in November and another 178% in December. The value of Rigetti Computing increased 5 times in December. Another company from this sector – IonQ – also gained significantly.
Baratz claims that his company uses a specific quantum technology that can be implemented on the market much faster than the method referred to by Tesla’s CEO. “I can help fill his knowledge gaps,” said the head of the quantum company.
