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2024: The year quantum moves past its hype?

Feb 03, 2024 - venturebeat.com
The article discusses the current state of quantum computing and its potential impact on various sectors. It highlights the U.S. Congress's expected re-authorization of the National Quantum Initiative, which will allocate over $3 billion for quantum research in the next five years. The article also mentions the shift in focus towards near-term quantum sciences applications. Despite initial overhype and subsequent cooling of enthusiasm, the author predicts steady progress in 2024, particularly in the area of quantum error correction (QEC), which is crucial for reducing errors in quantum calculations.

The article further discusses the significant strides made in QEC in 2023, with Google releasing a code to correct errors and quantum company Quera producing the largest number of error-free qubits. The author suggests that the quantum computing industry is now connecting short-term testbeds with long-term goals, such as creating a 'TeraQuop' quantum computer by 2035. The author concludes by stating that 2024 will be a year of tangible goals and realistic ambitions in quantum computing, with the focus on developing better quantum algorithms and QEC techniques.

Key takeaways:

  • The U.S. Congress is expected to re-authorize the National Quantum Initiative, earmarking more than $3 billion for quantum research over the next five years.
  • Quantum computing is moving from hype to reality, with steady progress and tangible goals expected in 2024.
  • Progress in Quantum Error Correction (QEC) is crucial to move quantum computing forward, with several landmark papers and announcements made in 2023.
  • Quantum computing is predicted to unlock $1.3 trillion by 2035 across multiple industries, with waves of investment arriving towards the end of 2023 for strong quantum companies.
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