By IQT News posted 17 Nov 2021

(CNBC) CNBC published this four-minute video overview “Inside the Race to Quantum Computers” which IQT-News summarizes below.

CNBC’s Eamon Javers reports on the U.S. drive to lead the race for quantum computing.
Javers speaks with IonQ president and CEO, Peter Chapman, and University of Maryland president, Darryll Pines, about the effort. Javers says the US Intelligence community has warned quantum is oneof  five technologies crucial to the 21st Century. Intelligence has also warned that China is trying to steal new discoveries by places like IonQ and University of Maryland.
IonQ said intelligence agencies have alerted them to espionage.  About half the traffic to IonQ website is from China. People are variously probing, reports IonQ.
One of the biggest challenges is finding qualified employees.

CNBC’s Kate Rooney then reports that 90% of all investments in quantum technology took place in last three years; 80% of all investments have gone into hardware. “Equity investments have exploded recently in this space.”  VC dollars are shattering records. Investors compare where we are now in quantum computing to the 1960s.  There are only a handful of private startup companies now and all are seen as M&A potential. She reported that Google, Amazon, Microsoft, Honeywell and IBM are already all competing in this space and looking to build their own systems.

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