NVIDIA stated that this research center will be named the NVIDIA Accelerated Quantum Research Center and will officially begin Operation later this year. At NVIDIA's annual Software Development conference on Thursday, CEO Jensen Huang mentioned that he was unaware of any quantum companies being publicly listed, which led to a rapid decline in quantum computing stocks.
$NVIDIA (NVDA.US)$CEO Jensen Huang announced on Thursday that a quantum computing research laboratory will be established in Boston, USA, with plans to collaborate with scientists from Harvard University and the Massachusetts Institute of Technology.
Huang made the announcement at NVIDIA's annual Software Development conference held in San Jose, California. On the same day, NVIDIA hosted a series of events focused on Quantum Computing.
NVIDIA stated that this research center will be named the Nvidia Accelerated Quantum Research Center, abbreviated as NVAQC, and plans to collaborate with Quantum Computing companies such as Quantinuum, Quantum Machines, and QuEra Computing. NVIDIA indicated that the center will officially begin Operation later this year.
Jensen Huang: How could a Quantum company possibly go public? Once again, it led to the fall of Quantum Computing Stocks.
In January of this year, Jensen Huang stated that practical Computer quantum computers would still take 20 years to realize, which had led to ...$IonQ Inc (IONQ.US)$Stocks of quantum companies plummeted. However, at Thursday's event, an attempt was made to retract that statement and executives from Quantum Computing companies were invited to discuss the development prospects of the Industry.
"This is the first time in history that a CEO of a company invited all guests to the stage to explain why he was wrong."
Jensen Huang admitted that he was not aware that there were Quantum Computing companies already listed when he made related statements in January.
My first reaction was, I didn’t know they were publicly traded companies. How could a Quantum company be a publicly traded company?
According to the media, the goal of the Quantum Computing Industry is to utilize the unique characteristics of subatomic particles to process data at speeds faster than traditional Semiconductor Electric Appliances. However, the technical difficulty of building practical systems is extremely high, keeping the field in the experimental stage. In addition to Quantum Computing startups,$Microsoft (MSFT.US)$companies, including those under Alphabet and Google, are also striving to find practical application scenarios for quantum systems.
On Thursday, Huang Renxun's surprising comments once again crashed Quantum Computing concept stocks. As of Thursday's close,$D-Wave Quantum (QBTS.US)$Dropped over 18%,$Quantum (QMCO.US)$Dropped over 16%,$Quantum Computing (QUBT.US)$Dropped over 11%,$SEALSQ Corp (LAES.US)$Fell over 10%.
Executives: Still use NVIDIA GPUs to design chips and will not short NVIDIA.
At Thursday's event, representatives from companies like IonQ and D-Wave Quantum Inc. took the stage. Huang Renxun stated that it is quite natural for this new type of computing to take many years to develop due to its novelty. He mentioned that these companies might convince him that the development speed of Quantum Computing is faster than he expected. “But I don’t know,” he jokingly said.
The entire conference felt to him like a therapy session.
Executives from six companies on stage provided different answers to Huang Renxun, with some attempting to derive commercial profits from the technology before Quantum Computers truly surpass traditional Computers. Some believe Quantum Computers are already beginning to solve complex scientific problems, while others think this technology is even closer to advancing traditional computing.
Infleqtion's CEO Matt Kinsella stated that the company is currently able to provide more advanced Quantum clocks to help synchronize multiple traditional computing chips.
We are following an effective market development and profit strategy, first achieving commercialization in areas that currently do have 'quantum advantage'.
Executives from quantum computing companies stated that even if quantum computers can surpass NVIDIA's GPUs in certain tasks, such as understanding interactions between atoms, they will not replace traditional computers.
Peter Chapman, CEO of IonQ, said:
"We use your GPUs to design our chips. In the end, traditional computing systems will still work alongside quantum computers, interacting with them... so I won't be shorting NVIDIA stocks after today's meeting."
Executives also mentioned that spending a decade perfecting a technology with huge impact is not unreasonable. Loic Henriet, head of the French company Pasqal, also believes that the term 'quantum computing' is misleading. He pointed out that quantum processors will serve as accelerators, collaborating with traditional computers, rather than replacing them.
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