The European Quantum Industry Consortium (QuIC) recently held a webinar discussing the potential of quantum technology. The session highlighted the growing number of quantum use cases and the introduction of quantum-based products. These include quantum sensing technology from Exail Technologies, a photonic quantum computer from Quandela, and a quantum-based software platform from Multiverse Computing. These innovations are part of the fast-growing quantum tech ecosystem that is expected to transform this artisanal sector into a major market disruptor.
Key takeaways:
- Quantum technologies are expected to disrupt various industries and create $850B in market value by 2040, according to Olivier Tonneau, partner at VC firm Quantonation.
- The European Quantum Industry Consortium (QuIC) is fostering a community of quantum innovators who are exploring use cases and delivering solutions that could also help solve machine learning and generative AI challenges.
- Companies like Exail Technologies, Quandela, and Multiverse Computing are developing quantum-based products in areas such as sensing, computing hardware, software, and communications.
- The quantum tech ecosystem is growing rapidly and is expected to turn into a billion-dollar market engine of industry disruption.