The sector of financial services have already adopted quantum technologies.
Quantum computing is currently being deployed in fraud detection and encryption to risk forecast.
This technology could transform space research, encryption, scientific discovery and artificial intelligence in ways never seen before.
Apart from healthcare, quantum computers also seek to optimize complex systems, like global supply chains and traffic flow in cities. This could save resources, curtail inefficiencies and create waste-free, smarter cities.
How does quantum computing work?
Contrary to traditional computers, quantum computers use qubits that incredibly handle complex calculations and faster in performance.
Traditional computers use bits which can either be 0 or 1, while quantum computers use bits which can be both 0 and 1 at the same time. This enables them handle massive data processing.
Tasks that could take years to be accomplished can be done in seconds.
The emerging computing system has revolutionarized fields like data science, cryptography and intelligence.
The supremacy of Artificial Intelligence in combination with quantum technology makes it possible to: optimize global logistics in seconds, analyze complex generic data in real-time, drastically improve drug discovery by simulating complex molecular interactions in minutes - a task that currently takes years
and make decisions that required years of intensive research.
The breakthrough in quantum could lead to faster development to treatments of diseases and discovery of personalized medicine.
Future of quantum technology: China's Jiuzhang quantum computer
Jiuzhang quantum computer has the ability to process data, that would have taken the fastest supercomputer billions of years, within four minutes.
Jiuzhang displayed a leap in quantum power by handling 76 photons, way beyond what classical computers can manage.
The quantum computer, instead of working with chips and wires, works with mirrors, lasers and photon detectors that count tiny light particles through a process called Gaussian Boson Sampling.
This advancement could help unravel obstinate complex problems in mathematics, chemistry and help develop a future quantum internet.
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