Quantum computing investments declined in 2023, but a slew of recent advancements could indicate a trend reversal is on the way.
A Jan. 30 report from IQM, OpenOcean, and Lakestar indicates there’ll be no “quantum winter” in 2024 as the sector looks to recover after quantum computing investments took a 50% dive in 2023.
Dubbed the “IQM–OpenOcean–Lakestar State of Quantum 2024,” the report’s bottom-line-up-front is that the quantum computing sector should remain resilient to investor slowdown thanks to widespread government backing and continuing advances.
The quantum technologies situation in Europe differs slightly from that around the world. Investments shrunk by 50% globally and 80% in the U.S. for the sector in 2023. Despite this overall decline, the EMEA (Europe, the Middle East and Africa) sector showed 3% growth.
