News Stocks

British quantum computing experts leave for Silicon Valley

British quantum computing experts leave for Silicon Valley (FT)

  • A few weeks after the UK pledged GBP150m to help develop commercial quantum computing (QC) applications, a group of Britain’s best-known QC scientists moved to Silicon Valley to found PsiQ.
  • The 50 employee strong startup is aiming to produce a commercial quantum computer within the next five years, and was co-founded by Jeremy O’Brien, a physicist at the University of Bristol and Terry Rudolph, a professor at Imperial College London.
  • According to Philipp Gerbert, senior partner at BCG and a former physicist “this would be a major breakthrough if and when it becomes available.”

Analysis and Comments

  • Retaining expertise in quantum computing is crucial for a number of reasons beyond the market for designing and building quantum computers.
  • The prospect of a quantum processor with several million qubits being available on a 10- to 15-year timeframe makes the quantum cyber security threat increasingly real today.
  • “Sensitive” organisations whose value or function depends on protecting valuable long-lived data (i.e. governments and their agencies, defence, critical infrastructure, autos and aerospace OEMs), will be exposed to quantum computing’s forward threat of “harvest now, quantum decrypt later”.
  • Such organisations will soon need to migrate to quantum-safe cyber security, and that will create a cycle of spending for well-placed cyber/IT names, hence we think this is the best way to play the quantum computing theme in the near/mid-term.

What is Quantum Computing?

Related posts

Are You Buying Netflix Into Earnings??? – Part 2

rollandthomas

Existing Tesla Superchargers are now cranking out more power

Mr. Crypto Lemon

Germany expanding digitisation with the new Digital Care Act

Mr. Crypto Lemon

Get involved!

Comments

No comments yet
s2Member®