Uncertainty? That’s what quantum is all about.
Quantum technology, which as among the highest of the high-flying sectors in 2021, had a dose of economic reality in the second quarter of 2022. Blistering inflation, a rate hike-happy Fed and a war in the Ukraine that sparked a boost in gas prices all contributed to an economic splash of cold water on growth.
While it’s early, The Quantum Insider’s second quarterly report shows that, compared to most, quantum tech-related companies have managed to navigate these unfriendly seas relatively unscathed.
Several companies reported on investment rounds, some significant, and merger and acquisition activity continued at a respectable clip.
Importantly, quantum scientists and engineers are finding ways to use current quantum devices for real-world problems. Other scientists are making strides in improving these noisy-era devices, too.
As 2022 Q2 report shows, this tough economic training ground may focus the industry on producing real-world value now. It could be that the quantum space emerges stronger on the other side of this economic downturn.
You can read the TQI Q2 Report here for free.