Investing in quantum computing companies is like buying bitcoin in 2016, says CEO
Race for quantum supremacy
Edwards reveals that China is the country that currently invests the most in quantum computing, with a total budget of US$ 15.3 billion. The amount is five times greater than that spent by the United States.
As of Donald Trump's inauguration, Edwards projects that the United States will accelerate its investments in the sector so as not to fall behind in the race for quantum supremacy:
“Excluding private investments, the Quantum Leadership Act of 2024 is being immediately forwarded to the Senate to direct an additional US$ 2.5 billion in funding for the development of the sector over the next 5 years.”
The market capitalization of the shares of the four companies dedicated exclusively to quantum computing in the US is currently US$ 10 billion – 11 times smaller than that of memecoins
With global public and private investment initiatives in the sector, studies by consulting firms McKinsey and Boston Consulting Group (BCG) predict exponential growth in the coming years.
BCG estimates that there are “more than 100 use cases arising from four types of computational problems in which quantum processing could offer significant technological advantages” over current systems.
The disruption caused by quantum computing will revolutionize sectors such as finance, medicine, materials engineering, AI, cryptography, data security and privacy, among others.