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Quantum Computing Metrics and Benchmarking Frameworks: Not Yet.

Robin Blume-Kohout

Published Jan 29, 2020• 0 citations
OpenAlex

Abstract

Moore publishes his famous paper • 50 components per integrated circuit • Exponential growth takes off, leads to microprocessors Sz computing revolution• IBM, Intel, Google, Rigetti announce -50-qubit processors.• Recent consensus that QC is actually going to work.• Tremendous surge of excitement, funding, commercial activity.• Exponential growth takes off, leads to quanturn computing revolution?

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Moore publishes his famous paper • 50 components per integrated circuit • Exponential growth takes off, leads to microprocessors Sz computing revolution• IBM, Intel, Google, Rigetti announce -50-qubit processors.• Recent consensus that QC is actually going to work.• Tremendous surge of excitement, funding, commercial activity.• Exponential growth takes off, leads to quanturn computing revolution?
Companies such as Intel as a pioneer in chip design for computing are pushing the edge of computing from its present Classical Computing generation to the next generation of Quantum Computing. Along the side of Intel corporation, companies such as IBM, Microsoft, and Google are also playing in this domain. The race is on to build the world’s first meaningful quantum computer—one that can deliver the technology’s long-promised ability to help scientists do things like develop miraculous new materials, encrypt data with near-perfect security and accurately predict how Earth’s climate will change. Such a machine is likely more than a decade away, but IBM, Microsoft, Google, Intel, and other tech heavyweights breathlessly tout each tiny, incremental step along the way. Most of these milestones involve packing more quantum bits, or qubits—the basic unit of information in a quantum computer—onto a processor chip ever. But the path to quantum computing involves far more than wrangling subatomic particles. Such computing capabilities are opening a new area into dealing with the massive sheer volume of structured and unstructured data in the form of Big Data, is an excellent augmentation to Artificial Intelligence (AI) and would allow it to thrive to its next generation of Super Artificial Intelligence (SAI) in the near-term time frame.
Q uantum mechanics has had an enormous technological and societal impact.To grasp this point, it is sufficient to cite the invention of the transistor, perhaps the most remarkable among the countless other applications of quantum mechanics.It is also easy to see the enormous impact of computers on everyday life.The importance of computers is such that it is appropriate to say that we are now living in the information age.This information revolution became possible thanks to the invention of the tran sistor, that is, thanks to the synergy between computer science and quantum physics.Today this synergy offers completely new opportunities and promises exciting advances in both funda mental science and technological application.We are referring here to the fact that quantum mechanics can be used to process and transmit information [1,2].Miniaturization provides us with an intuitive way of under standing why, in the near future, quantum laws will become important for computation.The electronics industry for com puters grows hand-in-hand with the decrease in size of integrated circuits.This miniaturization is necessary to increase computa tional power, that is, the number of floating-point operations per second (flops) a computer can perform.In the 1950's, electronic computers based on vacuum-tube technology were capable of performing approximately 103 floating-point operations per second, while nowadays there exist supercomputers whose power is greater than lOteraflops (1013 flops).As we have remarked, this enormous growth of computational power has been made possi ble owing to progress in m in ia tu riz a tio n , w hich m ay be quantified empirically in Moore's law.This law is the result of a remarkable observation made by Gordon Moore in 1965: the number of transistors on a single integrated-circuit chip doubles approximately every 18 24 months.This exponential growth has not yet saturated and Moore's law is still valid.At the present time the limit is approximately 108 transistors per chip and the typical size of circuit components is of the order of 100 nanometres.Extrapolating Moore's law, one would estimate that around the year 2020 we shall reach the atomic size for storing a single bit of inform atio n .At th a t p o in t, q u a n tu m effects will becom e unavoidably dominant.One should be aware that, besides quantum effects, other fac tors could bring Moore's law to an end.In the first place, there are economic considerations.Indeed, the cost of building fabri cation facilities to m an u factu re chips has also increased exponentially with time.Nevertheless, it is important to under stand the ultimate limitations set by quantum mechanics.Even though we might overcome economic barriers by means of tech nological breakthroughs, quantum physics sets fundamental limitations on the size of the circuit components.The first ques tion under debate is whether it would be more convenient to push References
Companies such as Intel as a pioneer in chip design for computing are pushing the edge of computing from its present Classical Computing generation to the next generation of Quantum Computing. Along the side of Intel corporation, companies such as IBM, Microsoft, and Google are also playing in this domain. The race is on to build the world’s first meaningful quantum computer—one that can deliver the technology’s long-promised ability to help scientists do things like develop miraculous new materials, encrypt data with near-perfect security and accurately predict how Earth’s climate will change. Such a machine is likely more than a decade away, but IBM, Microsoft, Google, Intel, and other tech heavyweights breathlessly tout each tiny, incremental step along the way. Most of these milestones involve packing more quantum bits, or qubits—the basic unit of information in a quantum computer—onto a processor chip ever. But the path to quantum computing involves far more than wrangling subatomic particles. Such computing capabilities are opening a new area into dealing with the massive sheer volume of structured and unstructured data in the form of Big Data, is an excellent augmentation to Artificial Intelligence (AI) and would allow it to thrive to its next generation of Super Artificial Intelligence (SAI) in the near-term time frame
Abstract This chapter explores the ongoing substantial financial investments required for developing and commercializing quantum computing technology. Given the field’s high uncertainty and long-term potential, investments are crucial for advancing breakthroughs in cryptography, materials science, and complex system simulations. The chapter examines the rise of quantum computing funding from the private equity and venture capital standpoints, highlighting key players like IBM and Google and emerging firms such as Rigetti and IonQ. It provides a detailed analysis of private funding trends, valuations, and geographic distribution, underscoring the sector’s growth despite market volatility and regional concentration challenges. It also focuses on the discrepancies in funding allocation and performance among startups and the significant role of established companies like Microsoft, Google, and IBM in shaping the industry. Looking ahead, the chapter emphasizes the need for innovative financial models to assess investment returns, considering the nascent nature of quantum technology and the scarcity of financial data from private firms.