Economy

Quantum Computing: America’s Key to Remaining Globally Competitive

The important thing is not to stop questioning. Curiosity has its own reason for existing. One cannot help but be in awe when he contemplates the mysteries of eternity, of life, of the marvelous structure of reality. It is enough if one tries merely to comprehend a little of this mystery every day. Never lose a holy curiosity.” This thought-provoking quote by Albert Einstein in 1955 foreshadowed a technological revolution we now stand at the cusp of experiencing.”[1] Imagine a computer so powerful, it renders current encryption obsolete, predicts complex molecule behaviors with precision beyond comprehension, and collapses the barriers between science fiction and reality.

Quantum computing, a radical departure from classical binary computing, utilizes the wild and counterintuitive properties of quantum mechanics to process information. By encoding data into quantum bits or ‘qubits’ that can exist in superpositions of 1 and 0, quantum computers can perform calculations exponentially faster for certain specialized problems like Prime factoring, Combinatorial optimization, Chemical simulation and Financial modeling. We now race towards building fault-tolerant, scalable quantum processors that will assuredly one day surpass even today’s most powerful supercomputers.

 

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