Jensen Huang's comments at CES highlighted the significant hurdles in quantum computing. He stated that the world is five to six orders of magnitude off from developing practical quantum computers, predicting a timeline of 15 to 30 years for such advancements, with 20 years seen as a reasonable estimate.
The current state of the quantum computing industry is precarious, as public companies like D-Wave and Rigetti face severe drops in stock prices—down nearly 50 percent following Huang's statement—indicating investor skepticism about the industry's near-term viability.
Early signs of trouble were apparent in 2023, as venture capital investments in the quantum space decreased by 50%. This decline, alongside expectations of lengthy timelines for practical applications, raises concerns for quantum startups' financial health.
The quantum computing sector entered 2024 on shaky ground, with some companies, including D-Wave and Rigetti, at risk of delisting due to share prices falling below $1, underscoring systemic challenges faced by the industry.
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