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| One of the problems is that qubits are massively unstable and extremely susceptible to 'quantum noise', particularly heat, and need to be kept in very insulated – and very cold – conditions. As such, getting quantum computers to carry out simple tasks — let alone solving climate change or developing wonder drugs — remains in its relative infancy. That hasn't stopped the money pouring in, however. McKinsey & Company reported earlier this year that worldwide investment in quantum technology startups reached their highest levels in 2022, at $2.35bn, and that about 68% of total investment in quantum technology has come in the past two years, demonstrating growing investor confidence in its commercial applications. But while startups have been a major focus, tech companies are the ones that have been responsible for the headline-grabbing breakthroughs in recent years. In 2019, Google claimed to have solved a problem in 200 seconds that would take a classical computer 10,000 years. Microsoft, LinkedIn's parent company, and IBM both have substantial quantum computing arms. So what are the chances of a quantum computing startup getting there first? Unlikely, Jay Gambetta, vice president of IBM Quantum Research, told LinkedIn News Europe, noting that it will be difficult for startups to compete directly with the big players in an industry that's very capital intensive. Instead, Gambetta said that the most successful quantum computing startups are going to be those that provide both the software and hardware that will be needed as quantum computing is gradually integrated into the world of classical computing. "When you create a full stack there is value at multiple levels. As we scale to larger and larger systems, exactly like classical computing, many components inside the system will be built by different vendors," he said. "Over the next 10 years, startups [need] to find where their IP is critical in the stack so that they become a key player in this industry as it builds." For more information on quantum computing and a recent ranking of the top 10 quantum startups in Europe, check out this previous issue of Tech Wrap Up Europe.  [list=margin-top:1em;margin-right:0px;margin-bottom:0px;margin-left:1.5em;display:block;padding:0px][*]Inside the AI factory. A secret army is being paid a pittance to label data that's used to train some of the world's most advanced AI systems. [*]Intel's European expansion. Intel is setting up new factories in Germany, Poland and Israel as it expands across Europe but the UK appears to have been given the cold shoulder. [*]Can 'Concorde's heir' take off? A startup called Boom Supersonic, trying to build a successor to Concorde, announced several new manufacturing partners at the Paris Air Show. [*]Meta's VR subscription service. Meta has launched a subscription game service for its virtual reality headsets, calling it "a great way to get more bang for your buck." [*]AI causes teens to rethink futures. An increasing number of jobs are undergoing transformations due to recent advancements in artificial intelligence, leading young individuals to reconsider their future career choices. [/list] [size]  Aleksa Gordić – Aleksa recently left Google DeepMind to build his own startup, Ortus AI. He also runs the AI Epiphany YouTube channel. Barry Scannell – Barry is a legal and commercial specialist advising on the adoption and implementation of AI technologies. Charlotte Ledoux – Charlotte is a data and AI governance expert, helping companies better manage their data assets across sectors. George Jojo Boateng – George is the CEO and co-founder at Kwame AI, an edtech startup, and a postdoctoral researcher of wearable AI at ETH Zurich. Henry Ajder – Henry advises companies on how they can get the most out of AI in a safe and ethical way. He also sits on Meta's European Advisory Council. Kieran Flanagan – Kieran is the chief marketing officer at Zapier, an automation startup, as well as an angel investor and startup scout for Sequoia Capital. Luiza Jarovsky – Luiza is the co-founder of Implement Privacy and the author & host of The Privacy Whisperer, a newsletter and podcast focused on privacy, tech and AI. Maria Luciana Axente – Maria is head of responsible AI at PwC and a leading authority when it comes to regulating the next phase of the internet. Nathan Benaich – Nathan is a venture capitalist at Air Street Capital with a focus on AI. He also co-authors the annual State of AI report with fellow investor Ian Hogarth. Nina Schick – Nina is an expert on generative AI and the author of the book Deepfakes: The Coming Infocalypse.  Get Hired UK – A fortnightly update dedicated to advice and insights on landing your next role and progressing in your career. Get Hired Europe – A newsletter focused on helping you land your next job. A bi-weekly digest of news, views and insights from the world of tech written by Orlando Crowcroft and Sam Shead. [/size] | ||||||||||||
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