Morgan Stanley believes in the emerging impact of Quantum computing. A recent Morgan Stanley report, citing efforts underway among several private companies and technology giants, universities and government research labs. If these developments yield functional quantum computers, the market for high-end computing could double in the next 10 years to $10 billion.
Successful quantum computing could herald the advent of as yet unimagined businesses and sectors, while also opening new avenues for current sectors, such as chemical and pharmaceutical development, oil and gas exploration, financial management, and even nuclear fusion and artificial intelligence.
Quantum computing’s advanced abilities could open the door to dramatic innovation in a variety of industries. Chemical manufacturers and pharmaceutical companies, for example, could simulate the chain of chemical reactions needed to design new and far more complex compounds and materials. “The promise of quantum computers is the simulation of much larger molecules, which cannot be simulated by a classic supercomputer,” Meunier says.
“We believe that the core of the quantum computer, the qubit, is ready,” says Meunier. “The current engineering phase is all about the scaling of those qubits and their interconnection.”