Quantum Computing
What people say
Quantum computing will revolutionize everything — cryptography, drug discovery, materials science, and AI. Google claimed "quantum supremacy" in 2019. IBM publishes aggressive roadmaps with thousand-qubit processors. Startups like IonQ and Rigetti have gone public at billion-dollar valuations. The narrative: we are in the quantum equivalent of the 1960s space race — the breakthroughs are coming, and the first-mover advantage will be enormous.
What's actually true
Quantum computers today cannot solve any practical problem faster than classical computers. Google's 2019 "quantum supremacy" experiment solved a contrived problem with no known applications (random circuit sampling) — and was surpassed by classical algorithms within years. Useful quantum error-correction requires thousands of physical qubits per logical qubit, and current devices have 100-1000 noisy physical qubits with error rates too high for fault-tolerant computation. The "NISQ era" (Noisy Intermediate-Scale Quantum) has produced no commercially useful application despite a decade of research. Quantum advantage for practical problems — Shor's algorithm to break RSA, for example — would require millions of physical qubits with error rates orders of magnitude lower than today's hardware. The quantum winter analogy is increasingly invoked by researchers who note that the gap between the "any day now" narrative and the reality of hardware constraints mirrors the AI field in the 1980s. Quantum computing is real science, and progress is being made — but useful, fault-tolerant quantum computers that outperform classical computers on practical problems remain years to decades away.
Key Evidence
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paper Google Quantum Supremacy — Nature 2019
Google's 2019 paper claiming quantum supremacy on a 53-qubit Sycamore processor using random circuit sampling.
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company_filing IBM Quantum Roadmap (2024 Update)
IBM's official quantum hardware roadmap targeting 100,000+ qubits by 2033.
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paper Preskill — Quantum Computing in the NISQ Era and Beyond (2018)
John Preskill's foundational paper defining the NISQ era and outlining the gap between current devices and fault-tolerant quantum computation.