What is it?
Quantum computing harnesses the principles of quantum mechanics to perform complex computations that are beyond the capabilities of classical computers. Unlike classical computers, which use bits that can be either 0 or 1, quantum computers use quantum bits (qubits) that can exist in multiple states simultaneously, a property known as superposition. This enables quantum computers to perform certain computations exponentially faster than classical computers.
Why is it important?
Quantum computers can solve certain problems, such as optimization, simulation, and machine learning tasks, exponentially faster than classical computers. Quantum computers can simulate complex molecular systems, accelerating the discovery of new drugs and materials. They can break many current encryption methods, driving the development of new, quantum-resistant cryptographic systems.
What industries will it impact?
Pharmaceuticals and healthcare, Finance and banking, Cybersecurity and cryptography, Aerospace and defense, Energy and materials, Transportation and logistics, Telecommunications.
Market players
Algorithmiq, Infleqtion, IonQ, Kipu Quantum, Multiverse Computing, Nu Quantum, Origin Quantum, Oxford Ionics, QuantWare,