One of Europe’s most respected financiers has a two-word piece of advice for investors seeking the tech sector’s next big thing: quantum computing
Xavier Rolet, former boss of the London Stock Exchange (LSE) and new chairman of stockbroker at Shore Capital’s capital markets business, told the Standard that quantum computing is one of the hottest sectors in technology right now.
“Quantum computing will revolutionize that industry,” he told the newspaper.
When Rolet, a former Goldman Sachs trader, talks tech, people listen, according to the paper. With a deep interest in technological advances, Rolet initiated a project at LSE open access to its systems and capture the custom of the computer-driven trading firms using algorithms to invest.
As an angel investor, Rolet has already backed businesses in the quantum industry. He said he believes the potential new generation of supercomputers, capable of calculating multiple outcomes simultaneously, will revolutionize the world.
“We are on the verge of quantum computing and quantum communications breaking out into our daily lives over the next two or three years,” Rolet said. “They are going to be far more deeply revolutionary over almost everything we do even than scientists expect.”
He cited, “instant communication regardless of the distance between two points, teleportation, and simultaneous entangled computing” as reasons why it makes a particularly interesting investment. The trader added that quantum computing’s ability to handle complicated calculations with massive amounts of data would prove critical to industries such as pharmaceuticals, which need to analyze billions of data points to make successful new medicines.
