«Currently, Google Quantum AI and Google.org, together with XPRIZE and the Geneva Science and Diplomacy Anticipator (GESDA), have launched the three-year XPRIZE Quantum Applications competition, with a relatively modest $5 million budget. The goal is to develop practical quantum computing applications capable of solving real-world challenges in science, business, and the social sphere. The results will help determine the best ways to unlock the potential of quantum computing».
«Until critical issues—such as uncontrolled error growth during operation and the physical limitations of maintaining ultra-low temperatures—are resolved, it will be difficult to seriously discuss mass applications and the integration of qubit technologies into everyday life».
«For instance, breaking Bitcoin keys would require about 1,500 qubits. IBM is already demonstrating processors with over 1,000 qubits, and the recently announced ‘LEGO-like’ modular architecture allows smaller qubit chips to be interconnected, reducing cumulative error effects and expanding computational capabilities.
The U.S. National Institute of Standards and Technology (NIST) estimates that the global community has no more than ten years to develop and implement a new encryption standard that addresses the risks and realities of the quantum era».