(ProactiveInvestors) In market terms, an investment in quantum computing today is analogous to a sage and prescient bet on Microsoft (NASDAQ:MSFT) or Amazon.com (NASDAQ:AMZN) 20 years ago according to this investment overview.
Robert Liscouski, the chief executive officer of Quantum Computing Inc (OTCMKTS:QUBT), a start-up based in Virginia explained, “People generally understand what quantum computing can do, but they don’t understand what it’s really going to do.” Quantum, which trades on OTC Markets under the ticker QUBT, bills itself as the first publicly-traded pure-play quantum computing company. Liscouski describes the algorithms being written now at Quantum as the equivalent of the programs that paved the way for an MS-DOS computer to do more than what the operating system MS Dos could do.
Researchers at Quantum are focusing on the financial algorithms required to make trading programs for hedge funds and other investment firms reliant on high-frequency trading. This area represents a $1 billion market opportunity by the company’s estimates. Quantum Computing is also courting companies involved in genetics that are looking for new gene therapies and different ways to conduct genetic analysis.
Liscouski expects the pre-profit company to be generating revenue by the end of next year. It’s about a third of the way towards raising its target of $15 million for the runway costs to fund its business.
Click here for information on the in-depth research report on the major applications for quantum computing recently published by Inside Quantum Technology. This report also provides a ten-year forecast of revenues generated by all of the key quantum computing applications.