Most of the buzz in tech has been about AI this year, but there’s another story unfolding that is more exciting in my opinion… 

In fact, these two trends alone should prove to act as the foundations for the next revolution in information technology.

And some big players have been involved in this exciting tech story for years now, maybe you’ve heard of some of them…

Google is doing it. Microsoft. Amazon. IBM. Intel. Even Honeywell, to name a few.

It’s quantum computing, a technology that harnesses the quantum properties of atoms and subatomic particles to create incredibly powerful computers. 

And while AI is an extremely exciting space in and of its own right, quantum computing aims to open doors for the world that we can’t even imagine right now. 

Even better yet, quantum computing coupled with the capabilities of AI would carry the capabilities to completely change life as we know it. 

The computers we use these days, like the ones you are using now, use digital elements to store and manipulate data. Ones and zeros, essentially, as stored using electrical charges, in units known as bits.

Quantum computers, on the other hand, use properties of atoms and subatomic particles defined by quantum mechanics to store and manipulate data. 

Unlike classical computers, quantum bits, known as qubits, don’t exist in discrete, determinate states. 

This makes a qubit a much more powerful computational unit than a classical bit, and a reliable quantum computer could one day perform calculations that would take a classical computer, even a supercomputer, the life of the universe to complete.

Google recently claimed it had achieved such supremacy with a prototype quantum computer… 

Despite only having 70 qubits, Google claims its prototype performed a difficult set of benchmark calculations quickly. 

In contrast, the world’s most powerful classical supercomputer would have taken 47 years to perform the same calculations. 

That’s quite a bit of time saved! 

As I mentioned, most of the Big Tech players are working on developing quantum computing technology and using different ways of doing so. 

Intel is working with the U.S. Department of Defense and the University of Maryland’s Laboratory for Physical Sciences to develop quantum computing on Intel’s specialty, which is silicon-based chips. 

The company has even released an experimental generation of such chips, a spin-based (a quantum property of electrons) design it calls Tunnel Falls. 

Since atoms obey the laws of quantum mechanics, quantum computing would be a boon to the chemistry and biotech space. 

A practical quantum computer could be used to model the behavior of atoms and help design brand-new materials and drugs. Quantum technology could revolutionize financial markets and help create unbreakable encryption.

While artificial intelligence, currently implemented on bit-based classical computers, is grabbing headlines, it could one day merge with quantum technology. 

The potential for quantum computers to hugely outperform classical computers computationally means that processing and “learning” from massive datasets would make AI on quantum computers much more powerful.

As I mentioned, 2023 has been the year of AI, with big gains seen in companies advancing in the space, even megacaps like Microsoft and Nvidia. 

But it pays to keep an eye on the quantum computing space as well… 

One of the best ways to invest in a disruptive exponential tech trend is to simply buy a basket of the most promising quantum computing plays. 

Quantum computing has been an area of intense research for years, and the field is finally maturing enough for there to be pure plays on the market. 

With that, what are your thoughts? Do you think quantum computing is going to change the world for the better? Is quantum computing something you get excited about? Let us know about this, or anything at feedback@technologyprofits.com.