A Quantum Leap: Are We Approaching Quantum’s ChatGPT Moment?
The applications of quantum computing are set to revolutionise every industry, and disrupt companies that are not readying themselves to use them. It will solve both known and unknown problems, unlocking extraordinary opportunities.
Finance: Transforming risk assessment, portfolio management, and insurance risk can help us create a financial system to include everyone making it infinitely larger.
Healthcare: Accelerating drug discovery and creating new materials could create fully personalised versions of what we know as medicine.
Cybersecurity: Enhancing fraud detection and protection could enable new levels of both privacy and visibility simultaneously.
AI: Using Quantum methods on data can massively increase speed and reduce energy consumption taking these technologies to completely new levels.
Science & Research: Pushing the boundaries of what’s possible in science and beyond.
Crypto & Blockchain: There are also a number of ways that Quantum Computer processing could disrupt existing blockchains and cryptocurrencies and allow the creation of Quantum secured blockchains.
Quantum computing challenges everything we think we know. Qubits entangle instantaneously regardless of distance, natural quantum crystals exist for mere milliseconds, errors caused by temperatures above absolute zero, and outcomes vanish upon observation. It’s a field as hard to explain as it is transformative.
An ex-IBM executive recently said, “Quantum computing is taking longer than going to the moon.” But like Elon Musk’s ambitions which are Mars (not the moon), maybe our targets are simply too modest. Quantum computing, much like interplanetary exploration, could redefine our existence. By working with probabilities instead of binary logic, it offers the power to model our world with unprecedented speed and precision.
Quantum Computing is no longer a distant dream, it’s here, now, and already in use. Just like GPT in 2020, the technology exists and is quietly making waves. Platforms like Amazon Braket are bringing quantum capabilities to those ready to explore them. The field is simply waiting for its “ChatGPT moment” to capture global attention. With various forms such as Quantum Photonics and Qubit-based systems already developed, the challenge now is merely scaling them. And every major government is involved.
We feel this November marked a pivotal moment for the quantum sector. In the stock market Quantum Computing Inc is up almost 5x, D-Wave and IonQ have almost doubled. There are also significant breakthroughs on (almost) every front:
Quantum Computing Inc.: Received an order for its photonic chip foundry from the University of Texas at Austin.
D-Wave: Launched a 4,400+ qubit processor, claiming it’s 25,000 times faster than its predecessor.
Google: Introduced AlphaQubit, an AI-based decoder for quantum computing error correction with state-of-the-art accuracy.
Microsoft & Atom Computing: Achieved a world record by entangling 24 logical qubits and outlined plans for broader adoption.
AWS: Announced the Quantum Embark Program to guide businesses in quantum integration.
University of Sydney Researchers: Solved an error correction hurdle, enabling the possibility of quantum hard drives.
EdenBase Perspective
Whilst the Base Layer - the quantum computing hardware - and the Abstraction Layer - the tools to allow us to use them - will be valuable, the real value will be realised in the Application Layer through the products that use quantum computing to transform industries. At EdenBase, we are preparing for this seismic shift by understanding and investing in the applications of Quantum Computing, We work with our portfolio companies to uncover opportunities, identify threats and ensure all their data and technologies are ready for the Quantum Computing revolution.
Unlocking Our Future
In 1953, Arthur C. Clarke’s short story 'The Nine Billion Names of God' imagined technology uncovering profound truths about existence. Quantum computing, with its ability to model our probabilistic world, offers that transformative potential. Unlike traditional binary systems, it aligns with the very fabric of reality, unlocking possibilities once thought unimaginable. Far from an end, this could be a bold new beginning - an opportunity to illuminate our universe and shape a future of endless innovation.
Let’s embrace the quantum leap - but as always tread wisely.
Disclosure: the author is a shareholder in QCI and Multiverse Computing.
Curious about how quantum computing will impact your portfolio? Get in touch with daniel@edenbase.com to explore the possibilities together.
Daniel Doll-Steinberg
Partner, EdenBase