Home » Acknowledging the Misconception: Quantum Computers Must Wait 20 Years for Benefits to Be Utilized – Jensen Huang

Acknowledging the Misconception: Quantum Computers Must Wait 20 Years for Benefits to Be Utilized – Jensen Huang

NVIDIA arranged a session called “Quantum Day” at this week’s annual GTC seminar, with CEO Jensen Huang in attendance. This became an intriguing topic as, back in January, Huang stated that true quantum computing benefits are still 20 years away, causing a heavy 30-40% drop in quantum computing company stocks in a single day.

Huang humorously remarked that this may be the first time a CEO had to host an event to explain why he was wrong. Surprised by the market’s reaction to his comments, Huang acknowledged his uncertainty and observed the presence of several quantum computing companies in the stock market.

Quantum Day featured 12 quantum computing companies and startups, including D-Wave, who responded to Huang’s comments. Representatives from Microsoft and AWS also joined the discussion on quantum technology investments and NVIDIA’s role in this field.

Huang sees ample opportunities for quantum computing to make a significant impact and solve various problems, yet acknowledges the current complexity of the technology. He likened it to NVIDIA’s early days when the revenue model was unclear and it took up to 20 years to develop a comprehensive business model integrating hardware and software. NVIDIA’s role in connecting high-performance computing with efficient quantum computers is crucial.

In addition, NVIDIA announced the establishment of a quantum research center in Boston to cater to the needs of quantum computing companies, collaborating with researchers from Harvard and MIT. This research center features a large number of Blackwell GPU servers for processing.

TLDR: NVIDIA hosted “Quantum Day” at GTC, where CEO Jensen Huang addressed the complexity and potential impact of quantum computing, highlighting the need for a comprehensive business model and the establishment of a quantum research center in Boston.

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