Published: 2024-03-05
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Quantum computing industry is expected to have a significant breakthrough similar to ChatGPT's impact.
"the industry is reportedly on the brink of a chat GPT moment"
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Quantum computing is predicted to yield greater investment returns than Artificial Intelligence.
"how it could offer even bigger returns than AI"
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The most powerful quantum computer now has over 1,000 qubits, a milestone recently achieved.
"the most powerful quantum computer consists of over 1,000 qubits a threshold that was only surpassed last late last year"
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The World Economic Forum identified Quantum Computing as a major risk in its 2024 Global Risks Report.
"Quantum Computing as one of the biggest risks to watch in its 2024 Global risks report"
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The US is developing a quantum-resistant digital dollar, which is why it's behind other countries in launching CBDCs.
"the US has been lagging other countries on cbdcs is because it's been working on making its digital dollar Quantum resistant before it launches"
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IBM, Google, and Microsoft formed a coalition to address post-quantum cryptography challenges in September.
"IBM Google and Microsoft formed a postquantum coalition last September"
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A UK-based Quantum Computing company secured $100 million in funding from Japan's SBI.
"a UK Quantum Computing company announced that it had raised $100 million from Japan's SBI"
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JP Morgan spearheaded a $500 million funding round for a US Quantum Computing firm, valuing it at over $5 billion.
"JP Morgan led a $500 million funding round into a us-based Quantum Computing firm giving it a valuation of over $5 billion"
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Quantum computing funding saw a dip in the previous year due to AI hype but is predicted to recover significantly this year.
"the crash in funding last year was due to all the hype around Ai and it predicted a significant recovery in funding this year"
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Apple has made its iMessage service Quantum resistant, representing a major cryptographic upgrade.
"Apple announced that it had made its iMessage feature Quantum resistant"
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China has reportedly demonstrated the ability to break classical encryption using quantum computers.
"China reportedly managed to break Classical encryption using its quantum computers"
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Forced collaboration is accelerating China's quantum computing industry.
"China's Quantum Computing industry ahead"
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China's CCP invested at least $10 billion in Quantum Computing R&D.
"the CCP had spent no less than $10 billion on Quantum Computing R&D"
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China is estimated to be investing up to $20 billion annually in Quantum Computing R&D.
"China is spending as much as $20 billion on Quantum Computing R&D every year"
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China established the first quantum communication line connecting Beijing and Shanghai in 2017.
"China announced that it had established the first Quantum communication line between Beijing and Shanghai"
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Google claimed to have achieved 'Quantum Supremacy' with its 54-qubit quantum computer.
"Google responded with its own update noting it had achieved quote Quantum Supremacy with its 54 Cubit quantum computer"
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China's quantum computer solved the same problem as Google's, but 1 million times faster using a 66-qubit machine.
"China solved the same maths problem using its own quantum computer ... 1 million times faster using a 66 Cubit computer"
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China was the first to achieve quantum communication via satellites.
"China had managed to achieve Quantum communication via satellites for the first time"
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By the end of 2021, China was employing quantum-resistant satellite communication to safeguard its power grid against cyberattacks.
"by the end of 2021 China was using Quantum resistant Satellite Communication to protect its power grid from cyber attacks"
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Chinese companies reportedly started using quantum computers in their operations in 2022.
"in 2022 Chinese companies reportedly began leveraging quantum computers as part of their own operations"
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Quantum computing is poised for a significant breakthrough event, similar to the impact of ChatGPT.
"the industry is reportedly on the brink of a chat GPT moment"
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Quantum computing is predicted to generate greater financial returns than Artificial Intelligence.
"how it could offer even bigger returns than AI will"
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China unveiled a 176-qubit quantum computer and a prototype for a 255-qubit model.
"China revealed a 176 Cubit quantum computer as well as a prototype for a 255 Cubit quantum computer"
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The most powerful quantum computer now has over 1,000 qubits, a milestone achieved recently.
"the most powerful quantum computer consists of over 1,000 qubits a threshold that was only surpassed last late last year"
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A Californian company revealed a quantum computer with over 1,000 qubits late last year.
"the over 1,000 Cubit quantum computer revealed by a Californian company late last year"
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China's 176-qubit quantum computer is more stable than IBM's 433-qubit quantum computer.
"China's 176 Cubit quantum computer is very stable even more stable in the 433 Cubit quantum computer developed by IBM"
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China's quantum computer exhibits an error rate below 1% with two qubits.
"China's quantum computer has an error rate of less than 1% with two cubits"
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Quantum Computing is identified as a major risk in the World Economic Forum's 2024 Global Risks Report.
"Quantum Computing as one of the biggest risks to watch in its 2024 Global risks report"
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Quantum Computing experts predict 'Q-Day' (when quantum computers crack encryption) could occur as early as 2025.
"Quantum Computing experts at least the ones cited by Reuters believe it will come as soon as 2025"
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There is a belief among some that 'Q-Day' has already occurred, leading to sensitive data leaks.
"some believe that qay has already happened and that sensitive information is already being leaked"
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The US is developing a quantum-resistant digital dollar.
"the US has been working on making its digital dollar Quantum resistant before it launches"
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The 'ChatGPT moment' for quantum computing is unlikely to resemble the user-facing application style of ChatGPT.
"Quantum Computing's chat GPT moment will look anything like chat GPT"
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A headline is expected soon about a quantum computer successfully breaking encryption for a notable entity.
"we're going to see a headline in the coming months about how a quantum computer managed to break the encryption of a significant individual or institution"
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IBM, Google, and Microsoft have formed a coalition focused on post-quantum cryptography.
"IBM Google and Microsoft formed a postquantum coalition last September"
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The estimated time to crack a crypto wallet with quantum computers has drastically reduced from 20-30 years in 2019 to just years by 2022.
"Quantum Computing has changed in the context of crypto back in 2019 it was estimated that it would take 20 to 30 years to crack a crypto wallet by 2022 however these decades were shortened to years"
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A UK quantum computing company secured $100 million in funding from Japan's SBI.
"a UK Quantum Computing company announced that it had raised $100 million from Japan's SBI"
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J.P. Morgan led a $500 million funding round for a US quantum computing firm, valuing it at over $5 billion.
"JP Morgan led a $500 million funding round into a us-based Quantum Computing firm giving it a valuation of over $5 billion"
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Funding for quantum computing is predicted to experience a significant recovery this year.
"it predicted a significant recovery in funding this year"
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Major tech companies like Apple implementing post-quantum security measures indicate that 'Q-Day' is approaching.
"Apple are suddenly postquantum proofing their Tech it certainly suggests that qay is around the corner"
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The quantum computing craze is expected to emerge soon, driven by reactive measures (like scrambling to quantum-proof) rather than proactive development.
"the quantum Computing craze is likely to come soon rather than later but it will be reactive rather than proactive"
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Apple has made its iMessage service quantum-resistant.
"Apple announced that it had made its iMessage feature Quantum resistant"
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Cybersecurity companies are predicted to be the primary beneficiaries of the quantum computing threat.
"cyber security companies will likely profit the most from this Catalyst"
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The US and its allies have been behind in quantum computing development for over ten years.
"the US and its allies have been lagging in Quantum Computing for over a decade"
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Projects focused on quantum-resistant cryptocurrencies are expected to experience significant gains.
"Quantum resistant crypto projects will benefit even more"
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China has reportedly used quantum computers to break classical encryption.
"China reportedly managed to break Classical encryption using its quantum computers"
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The adoption of quantum-proofing in the cryptocurrency sector is anticipated to be more rapid and urgent than in the broader economy.
"the scramble to Quantum proof cryptocurrencies will be even more frantic than in The Wider economy"
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China is investing approximately $20 billion annually in quantum computing research and development.
"China is spending as much as $20 billion on Quantum Computing R&D every year"
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Quantum-resistant technology is expected to be deployed faster in the crypto market compared to the stock market.
"news of quantum resistant Tech being rolled out much faster in the crypto Market than in the stock market"
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China has created the first quantum communication line connecting Beijing and Shanghai.
"China announced that it had established the first Quantum communication line between Beijing and Shanghai"
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While some quantum-resistant cryptocurrencies exist, the selection is currently limited.
"there are already a few Quantum resistant cryptos out there but the list isn't long"
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Google claims to have achieved 'Quantum Supremacy' with a 54-qubit quantum computer.
"Google responded with its own update noting it had achieved 'Quantum Supremacy' with its 54 Qubit quantum computer"
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Upon the arrival of 'Q-Day', all companies will urgently require quantum-proofing solutions.
"every single company is going to need Quantum proofing the moment qay comes and they will need it right away"
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China's 66-qubit quantum computer solved the same problem as Google's in a million times less time.
"China solved the same maths problem using its own quantum computer ... 1 million times faster using a 66 Cubit computer"
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Companies and crypto projects providing quantum-resistant technology are positioned for significant growth.
"any companies or crypto projects offering Quantum resistant technology could go vertical"
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China has successfully achieved quantum communication via satellite.
"China had managed to achieve Quantum communication via satellites for the first time"
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The current environment suggests that 'Q-Day' is likely to occur sooner rather than later.
"the conditions are there for it to happen sooner rather than later"
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By late 2021, China was utilizing quantum-resistant satellite communication to secure its power grid against cyberattacks.
"by the end of 2021 China was using Quantum resistant Satellite Communication to protect its power grid from cyber attacks"
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Chinese companies reportedly started integrating quantum computers into their operations in 2022.
"Chinese companies reportedly began leveraging quantum computers as part of their own operations"
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China has unveiled a 176-qubit quantum computer and is developing a prototype for a 255-qubit one.
"China revealed a 176 Qubit quantum computer as well as a prototype for a 255 Qubit quantum computer"
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A California-based company revealed a quantum computer with over 1,000 qubits late last year.
"the over 1,000 Qubit quantum computer revealed by a Californian company late last year"
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China's 176-qubit quantum computer is reported to be more stable than IBM's 433-qubit quantum computer.
"China's 176 Qubit quantum computer is very stable even more stable in the 433 Qubit quantum computer developed by IBM"
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Quantum Computing experts predict that a significant event ('Q-Day') could occur as early as 2025.
"Quantum Computing experts at least the ones cited by Reuters believe it will come as soon as 2025"
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The development pace of quantum computers is accelerating beyond initial expectations.
"the pace of quantum computer development has been increasing faster than expected"
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Estimates for cracking crypto wallets with quantum computers have significantly shortened, from decades to years between 2019 and 2022.
"back in 2019 it was estimated that it would take 20 to 30 years to crack a crypto wallet by 2022 however these decades were shortened to years"
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The quantum computing surge is expected to happen soon, driven by reactive responses to threats rather than proactive development of new applications.
"the quantum Computing craze is likely to come soon rather than later but it will be reactive rather than proactive"
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Cybersecurity companies are predicted to be the primary beneficiaries if quantum-related breakthroughs occur.
"cyber security companies will likely profit the most from this Catalyst if it occurs"
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Projects focused on quantum-resistant cryptocurrencies are expected to see even greater benefits.
"Quantum resistant crypto projects will benefit even more"
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Quantum-resistant technology is expected to be adopted more rapidly in the cryptocurrency market than in the stock market.
"news of quantum resistant Tech being rolled out much faster in the crypto Market than in the stock market"
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Companies and cryptocurrency projects that offer quantum-resistant technology are positioned for significant growth.
"Any companies or crypto projects offering Quantum resistant technology could go vertical"
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The current environment suggests that significant quantum computing events are likely to occur in the near future.
"the conditions are there for it to happen sooner rather than later"
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