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After AI, Quantum Computing Eyes Its 'Sputnik' Moment
The founder of Cambridge-based Riverlane, Steve Brierley, predicts quantum computing will have its "Sputnik" breakthrough within years. "Quantum computing is not going to be just slightly better than the previous computer, it's going to be a huge step forward," he said. Phys.org reports: His compan...
In a sign of confidence in Riverlane's work and the sector in general, the company announced on Tuesday that it had raised $75 million in Series C funding, typically the last round of venture capital financing prior to an initial public offering. This could open the door to revolutionary medicines and also promises huge efficiency improvements in how fertilizers are made, transforming an industry that today produces around two percent of global CO2 emissions. While today's quantum computers can only perform around 1,000 operations before being overwhelmed by errors, the quality of the actual components has "got to the point where the physical qubits are good enough," said Brierley.
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