The is what Venice.ai had to say about #quantum computing:
The current state of quantum computing is characterized by rapid advancements, with companies and universities continuously pushing the boundaries of qubit technology and algorithm development. According to McKinsey , benefits from quantum computing will come on a continuum as it becomes exponentially faster or significantly better than classical computing options for certain problems. However, a major barrier to adoption is the shortage of skilled professionals in this field.
While giants like Google, IBM, and Intel are leading the charge, smaller companies and universities have also made notable progress . For instance, in 2023, IBM unveiled its first quantum computer with over 1,000 qubits , marking a significant milestone in the race to develop practical quantum hardware. Additionally, the shift towards focusing on practical hardware and long-term goals has accelerated innovation .
Despite these advances, quantum computing remains largely in the research phase, and its future impact is still being analyzed . The industry is evolving rapidly, attracting interest from various sectors, and it will be interesting to see how this field develops in the coming years.