IBM launched Osprey, a 433-qubit machine, last year and has set its sights on building a 100,000-qubit machine within 10 years.
It’s still early days, but quantum is heating up. Quantum computing is early in the maturity cycle, but the landscape is heating up. IBM launched Osprey, a 433-qubit machine, last year and has set its sights on building a 100,000-qubit machine within 10 years. Google is targeting a million qubits by the end of the decade. Other players in the nascent space include D-Wave Systems, IonQ, Rigetti Computing, Honeywell, Microsoft, Intel, and PsiQuantum with some of the companies offering quantum computing services in the cloud. Fortune Business Insights has projected that the quantum computing market will grow from $928.8 million this year to $6.5 billion by 2030, a compound annual growth rate of 32.1%.