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@thequantuminsider.com - 43d
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@www.fool.com - 27d
Quantum computing stocks have dramatically crashed following comments from Nvidia CEO Jensen Huang, who projected that truly useful quantum computers are still 15 to 30 years away. This statement triggered a massive sell-off, wiping out an estimated $8 billion in market value across the sector. Shares of key companies like IonQ, Rigetti Computing, and D-Wave Quantum plummeted, with drops exceeding 30% in a single day. The market reacted negatively to Huang's timeline, undermining previous optimism fueled by breakthroughs like Google's new 105-qubit 'Willow' chip, which was reported to have solved a complex calculation in five minutes, a feat that would take current supercomputers around 10 septillion years to complete.
Despite the setback, some industry leaders are pushing back against Huang's assessment. D-Wave Quantum CEO Alan Baratz dismissed Huang’s comments as “dead wrong,” highlighting that D-Wave's annealing quantum computers are already commercially viable. Baratz emphasized that their technology can solve problems in minutes that would take supercomputers millions of years, challenging Huang's view on current capabilities. He even offered to meet with Huang to discuss what he called “knowledge gaps” in the CEO's understanding of quantum technology. An X user also pointed out that Nvidia is currently hiring quantum engineers, adding further to the industry's resistance to the projected long wait for the technology.
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@bhaveshshrivastav.medium.com - 18d
Quantum computing and cryptography are rapidly advancing fields, prompting both exciting new possibilities and serious security concerns. Research is focused on developing quantum-resistant cryptography, new algorithms designed to withstand attacks from both classical and quantum computers. This is because current encryption methods rely on mathematical problems that quantum computers could potentially solve exponentially faster, making sensitive data vulnerable. Quantum-resistant algorithms like CRYSTALS-Kyber and CRYSTALS-Dilithium are being actively tested in various scenarios, such as secure government communications and data centers. The race is on to secure digital information before quantum computers become powerful enough to break existing encryption.
Developments in quantum computing are also driving progress in quantum cryptography, which uses the principles of quantum mechanics to secure communication. This offers a level of security that is theoretically impossible to breach using classical methods. Simultaneously, traditional cryptographic techniques such as Elliptic Curve Cryptography (ECC) and Advanced Encryption Standard (AES) are being combined to build secure data encryption tools, ensuring files remain protected in the digital world. Companies like Pasqal and Riverlane have partnered to accelerate the development of fault-tolerant quantum systems, which aim to overcome the reliability issues in current quantum systems and enable more reliable quantum computations.
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