Being a quantum pioneer is turning out to be an expensive experiment. Quantum is still years away from widespread enterprise ROI.
In late 2024, a major pharmaceutical company invested $50 million in quantum computing initiatives through a leading cloud provider, hoping to revolutionize their drug discovery process. Six months later, they quietly shifted their resources to traditional high-performance computing and AI-driven solutions.
This story isn’t unique; it represents a growing pattern of enterprises learning the hard way that most of quantum computing’s promises remain theoretical despite the aggressive marketing of quantum computing as a service (QaaS).
In some circumstances, quantum computing is a massive waste of money and a huge distraction. I suspect I’ll get some hate for this statement, even from companies and people I consider friends.
In some circumstances, quantum computing is a massive waste of money and a huge distraction. I suspect I’ll get some hate for this statement, even from companies and people I consider friends.
But QaaS is taking priority over other investments during this push, which has been underway for decades but has yet to return much value. We must stop falling into these hype traps that cause us to lose money and progress. READ MORE...