Part 7/11:
The claims made by quantum computing firms often invoke grand promises reminiscent of past technologies believed to be on the cusp of delivering groundbreaking innovations. But, as with many revolutionary technologies, separating fact from hype can be challenging, particularly when funding and investments are at stake.
The Quest for Funding: The Role of Government and Venture Capital
To stay afloat, quantum computing startups frequently turn to government contracts and venture capital funding, masking their operational losses and bolstering their claims of future value. A considerable portion of revenues for companies like IonQ stems from government contracts aimed at research and experimentation rather than practical applications.