There is huge promise for quantum computing, from machine learning applications to encryption cracking. There could be a step change in the time to solve certain multi-variable, multi-state problems.
The promise has been recognised for years, but it appears that investment in the space is on the increase and real progress is being made. Europe currently leads the world with a total investment of €550 billion annually and with 2,500 papers being published a year. By contrast the US is managing €360 billion and 1,200 papers, and China's figures are €220 billion and 1,900 papers.
There are still many questions around the timing to make this technology applicable to the mass market but being based in Europe it feels like we are at the heart of this potentially very powerful next computing paradigm shift.
Quantum Computers Are Coming. The World Might Not Be Ready. GETTING WEIRDER. PHOTOGRAPHER: KRISZTIAN BOCSI/BLOOMBERG101SEP 6, 2016 2:00 AM EDT Quantum mechanics, Carl Sagan once observed, is so strange that "common sense is almost useless in approaching it." Scientists still don't understand exactly why matter behaves as it does at the quantum level. Yet they're getting better at exploiting its peculiar dynamics -- in ways that may soon upend the technology business. One of the most interesting applications is in computing. In theory, quantum computers could take advantage of odd subatomic interactions to solve certain problems far faster than a conventional machine could. Although a full-scale quantum computer is still years off, scientists have lately made a lot of progress on the materials, designs and methods needed to make one.