Quantum technology sees record investments, progress on talent gap

Last year, quantum technologies moved closer to fulfilling their promise to resolve challenges that are impossible or prohibitively expensive to tackle with todays technologies. Our updated analysis for the 2023 Quantum Technology Monitor shows that the four industries likely to see the earliest economic impact from quantum computing automotive, chemicals, financial services, and life sciences stand to potentially gain up to $1.3 trillion in value by 2035. The public and private sectors continue to pour investments into quantum technology start-ups, with $2.35 billion invested in 2022 alone, marking the highest annual level of quantum technology start-up investment. Technological breakthroughs such as the development of advanced quantum processors and the demonstration of quantum advantage highlight the year's progress, while the talent gap seems to be narrowing thanks to new academic programs.