With insights from a report from IQM, OpenOcean and Lakestar, on January 30, 2024, there’ll be no “quantum winter” in 2024. The sector is expected to recover after quantum computing investments took a 50% dive in 2023, stated Cointelegraph.
“If anything, the downturn in private investments has started to be increasingly picked up by government backed funding commitments and contracts, bridging the gap in investor apprehension,” Cointelegraph explained.
Sources revealed that experts warned that AI is “cannibalising attention, investment and interest away from quantum computing”. However, others were more concerned that it could be years before quantum computing moves beyond its infancy.
It is believed that there’s no clear timeline for the sector’s maturity. Furthermore, experts expect government investments and partnerships can carry the sector through what’s predicted to be a general slowdown for the entire tech sector.
(With insights from Cointelegraph)
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