Nov 9, 2022 04:26 AM
https://backreaction.blogspot.com/2022/1...oming.html
EXCERPTS: Quantum technology current attracts a lot of attention and money, which might explain why they’re missing on my end. But it’s not just governments who think quantum everything is where your taxes should go, business investors and companies are willing to putting in big money, too. This has had a dramatic impact on quantum physics research in the past decade.
It’s also created a lot of hype, especially around quantum computing. But if so much of quantum computing is hype then why are companies like Google and IBM pouring so much money into it, what’ll happen when the investment bubble bursts, what’s the “quantum winter”, and what does it mean for all of us? That’s what we’ll talk about today.
[...] you have those quantum things that you read a lot about but that no one needs or wants, like the quantum internet. And then there is quantum computing which according to countless headlines is going to revolutionize the world. Quantum computers are promising technology, yes, but the same can be said about nuclear fusion and look how that worked out.
[...] A lot of physicists, me included, have warned that quantum computing is being oversold. It’s not going to change the world, it’ll have some niche applications at best, and it’s going to take much longer than many start-ups want you to believe.
[...] Problem is, a lot of CEOs in industry and the financial sector can’t tell a bra from a ket and believe that quantum computing is actually going to be relevant for their business, and that it’s going to be relevant soon...
[...] This bubble of inflated promises will eventually burst. It’s just a matter of time. This’ll cause a sudden decline of investment in quantum tech overall and be the start of a difficult time for research and development. This scenario has been dubbed the “quantum winter”. And winter is coming. But before we get to the quantum winter, let me briefly summarize how quantum computers work and what their problems are... (MORE - missing details)
EXCERPTS: Quantum technology current attracts a lot of attention and money, which might explain why they’re missing on my end. But it’s not just governments who think quantum everything is where your taxes should go, business investors and companies are willing to putting in big money, too. This has had a dramatic impact on quantum physics research in the past decade.
It’s also created a lot of hype, especially around quantum computing. But if so much of quantum computing is hype then why are companies like Google and IBM pouring so much money into it, what’ll happen when the investment bubble bursts, what’s the “quantum winter”, and what does it mean for all of us? That’s what we’ll talk about today.
[...] you have those quantum things that you read a lot about but that no one needs or wants, like the quantum internet. And then there is quantum computing which according to countless headlines is going to revolutionize the world. Quantum computers are promising technology, yes, but the same can be said about nuclear fusion and look how that worked out.
[...] A lot of physicists, me included, have warned that quantum computing is being oversold. It’s not going to change the world, it’ll have some niche applications at best, and it’s going to take much longer than many start-ups want you to believe.
[...] Problem is, a lot of CEOs in industry and the financial sector can’t tell a bra from a ket and believe that quantum computing is actually going to be relevant for their business, and that it’s going to be relevant soon...
[...] This bubble of inflated promises will eventually burst. It’s just a matter of time. This’ll cause a sudden decline of investment in quantum tech overall and be the start of a difficult time for research and development. This scenario has been dubbed the “quantum winter”. And winter is coming. But before we get to the quantum winter, let me briefly summarize how quantum computers work and what their problems are... (MORE - missing details)