Quantum Computing 20 years off

From the «needs more AI or some shit» department:
Title: Nvidia CEO: Quantum Computing is Still 20 Yrs Away
Author: admin@soylentnews.org
Date: Sat, 11 Jan 2025 05:04:00 +0000
Link: https://soylentnews.org/article.pl?sid=25/01/10/1534249&from=rss

Frosty Piss[1] writes:

Quantum? No solace: Nvidia CEO sinks QC stocks with '20 years off' forecast[2]

Shares in some publicly traded QC companies saw steep declines today,
following Nvidia[3] CEO Jensen Huang[4]'s CES rather reasonable remark that
practical quantum systems may still be 20 years away.

Speaking at a financial analyst QA session at the conference, Huang said[5]
the world is probably five to six orders of magnitude away from the number of
qubits needed to make practical quantum computers - and he doesn't expect
anyone to break that threshold anytime soon. Huang's grim but frankly
realistic outlook on the future of quantum computing added to the sector's
woes, with some companies seeing stock prices plummeting when markets opened
the next day. D-Wave, Quantum Computing Inc, Rigetti, and IONQ are all down
nearly 50 percent as of writing.

The only leading publicly-traded quantum computing firm to escape a
50-percent decline in value is UK-based Arqit Quantum, but it's still down by
around 30 percent.

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Original Submission[6]

Read more of this story[7] at SoylentNews.

Links:
[1]: https://soylentnews.org/~Frosty+Piss/ (link)
[2]: https://www.theregister.com/2025/01/08/quantum_no_solace_nvidia_ceo/ (link)
[3]: https://finance.yahoo.com/quote/NVDA/ (link)
[4]: https://en.wikipedia.org/wiki/Jensen_Huang (link)
[5]: https://video.ibm.com/recorded/134164455 (link)
[6]: https://soylentnews.org/submit.pl?op=viewsubsubid=64749 (link)
[7]: https://soylentnews.org/article.pl?sid=25/01/10/1534249&from=rss (link)