Quantum computing will transform the computational paradigm and it is likely that the other major technology companies such as IBM, Alphabet, and Microsoft will spearhead this transformation.
Despite the fact that the technology is at an initial stage of its development, the services of this kind are gaining significant pace, which implies a radical future of the industry.
IBM has participated in quantum computing research for a long time having started its operations in the early 90s. Currently, IBM is providing applications to access quantum processors with up to 156 qubits in clouds, and its future outlook has a few milestones on the way forward.
IBM plans to prove scientific quantum advantage till the end of 2026; a fault-tolerant processor will be introduced in 2029. The second massive system, called Starling and planned as of 2029, should have 200 logical qubits, and 108 quantum-gate interactions.
An earlier (concrete) example of hybrid quantum-classical solutions is the implementation of quantum computation models together with classical machine-learning algorithmic methods to compute bond returns prices at IBM.
It is an integration that will put IBM in a good position to emerge as soon as commercial applications are developed.
Google and its Alphabet subsidiary, Google Quantum AI, announced in the previous year the Willow quantum-computing chip, the first quantum chip to reach an error-rate rate (per qubit) reduction whose rate of improvement grows exponentially with the number of qubits.
Follow-up experiments made Willow solve algorithms 13,000 times as fast as their counterparts in classical supercomputing, suggesting a shift to economical quantum advantage.
Alphabet, even though the commercial feasibility framework has a close temporal relationship, has an effective basis on future quantum solutions, such as collaborative research on molecular simulation.
In a unique direction, Microsoft is working on quantum processors based on exotic quasiparticles that realize topology quantum states of matter, as demonstrated by the Majorana quantum chip 1. The company expects to scale this architecture one million qubits per substrate and the attainment of a scalable, fault-tolerant quantum computer.
The approach will lower the overhead of error correction creating an avenue to commercial scale quantum systems being integrated into the Azure Quantum ecosystem. The effective execution of this vision would bring in big returns.
The level of competition between the quantum-computing market leaders is fierce, and each firm expects to achieve differentiated technology solutions and time schedules.
According to market projections, this will be a strong growth and this will be driven by the use in pharmaceutical discovery, financial modelling, artificial intelligence, and materials science.
Even though the current commercial quantum breakthroughs remain booming, IBM, Alphabet and Microsoft are the main participants that influence this disruptive technology.
These top companies are of top priority to investors who would like to have a long-term exposure to quantum computing because their advancement to viable, scalable quantum systems has the possibility of setting new limits in the world of computing within the decade.
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