Is quantum computing the next big thing?

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Is quantum computing the next big thing?
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'We have definitely traveled into the future. This is the real thing.' This premium story was unlocked by Verizon.

, IBM's director of research, in a video announcing Eagle."We have definitely traveled into the future," he continued, adding:"This is the real thing."

"It's going to be a lot of gradual improvement in capabilities," says Celia Merzbacher, who heads up the Quantum Economic Development Consortium."There's a lot that has to happen to get to something that resembles what we think of today as a computer."Quantum 101 The seductive promise of the qubit lies in its exponential power. Two regular bits can be used to represent four states — 00, 01, 10, 11 — but only one of those states at any given time. In theory, two qubits could represent all four states at the same time and then resolve to whichever state is needed to solve a given problem. That means the 127-qubit Eagle has a computing potential that is thousands of millions of millions times that of a classical supercomputer.

A 256-qubit computer built by QuEra, a quantum startup. But even with a lot of qubits, the devices need help from traditional computers.Sankar Das Sarma, a theoretical physicist at the University of Maryland who has published widely on quantum computing, believes that the technology is real and has tremendous long-term potential.

Another sector that has been betting heavily on quantum's potential is finance. D-Wave, the firm with backing from Goldman Sachs, isto finance companies, promising higher returns at lower risk. Classical computers have trouble quickly solving what are known as"combinatorial optimization" problems, such as how best to allocate investments in a variety of scenarios.

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