Home / Technology / US Leads Quantum Race, China Closes Gap Fast
US Leads Quantum Race, China Closes Gap Fast
30 Dec
Summary
- Quantum tech promises exponential power beyond classical computing.
- Big Tech races to develop quantum chips, facing error rate challenges.
- Nations are in a geopolitical race, with China heavily investing.
Quantum technology, tapping into the principles of quantum physics, is poised to revolutionize industries from medicine to finance, with market value estimates reaching $250 billion by 2035. Companies like Microsoft, Google, and Amazon have unveiled new quantum computing chips, showcasing progress in qubit stability and error correction. IBM aims for a fault-tolerant quantum computer by 2029.
The United States currently holds a lead in this burgeoning field, but China is rapidly advancing, significantly increasing its investment in quantum computing. This development sparks a new geopolitical race, with experts warning against a repeat of past technological surprises.
Despite rapid progress, significant challenges remain in stabilizing qubits and reducing error rates. Experts estimate that widely useful quantum computers are still 15 to 30 years away. A key concern is the potential for quantum computers to break current encryption standards, with many IT security professionals anticipating this risk within the next five years.
