Part 2/9:
At first glance, it may seem that quantum computing companies are carving out a lucrative future. Yet, the stark truth is that many of these firms are struggling financially. For instance, in the second quarter of 2022, IonQ reported approximately $1 million in revenue, juxtaposed against a staggering net loss of $37.6 million. Similarly, D-Wave and Rigetti reported revenues of $2.2 million and $3.1 million, respectively, but also experienced net losses of $17.6 million and $12.4 million.
While major players like Google and IBM offer a semblance of revenue, their quantum computing endeavors often fall under the umbrella of research projects, further clouding the financial landscape. The question arises: if these companies aren’t making profit, where does their funding originate?