"IonQ is a frontrunner in quantum computing due to its advanced trapped-ion technology, which offers high-fidelity qubits for applications in logistics, pharmaceuticals, and AI."
"The quantum computing industry features two distinct groups. Pure-play companies focus exclusively on quantum technology, developing specialized hardware and software for applications like optimization and AI."
Quantum computing leverages quantum mechanics to solve complex problems much faster than classical computers. It is projected to reach a market size of $850 billion by 2040, attracting a competitive race among various companies, from startups to large tech firms. Two primary categories in the industry are pure-play companies focusing solely on quantum technology and well-established tech giants that fund research through their substantial resources. IonQ stands out in this sector for its advanced technology and application potential in diverse fields.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]