America is the undisputed world leader in quantum computing even though China spends 8x more on the technology–but an own goal could soon erode U.S. dominance

When it comes to quantum computing, that chilling effect on research and development would enormously jeopardize U.S. national security. Our projects received ample funding from defense and intelligence agencies for good reason. Quantum computing may soon become the https://www.cyberdefensemagazine.com/quantum-security-is-nat…at%20allow, codebreaking%20attacks%20against%20traditional%20encryption” rel=”noopener” class=””>gold standard technology for codebreaking and defending large computer networks against cyberattacks.

Adopting the proposed march-in framework would also have major implications for our future economic stability. While still a nascent technology today, quantum computing’s ability to rapidly process huge volumes of data is set to revolutionize business in the coming decades. It may be the only way to capture the complexity needed for future AI and machine learning in, say, self-driving vehicles. It may enable companies to hone their supply chains and other logistical operations, such as manufacturing, with unprecedented precision. It may also transform finance by allowing portfolio managers to create new, superior investment algorithms and strategies.

Given the technology’s immense potential, it’s no mystery why China committed what is believed to be more than https://www.mckinsey.com/featured-insights/sustainable-inclu…n-quantum” rel=“noopener” class=””>$15 billion in 2022 to develop its quantum computing capacity–more than double the budget for quantum computing of EU countries and eight times what the U.S. government plans to spend.