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The year of the qubit
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The year of the qubit
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Morning Brew December 29, 2021

Emerging Tech Brew

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Hello, and welcome to the last installment of Emerging Tech Brew in 2021. Thanks for reading this year, and we’ll, uh…see you next year. First issue of 2022 will hit your inboxes Jan. 3.

Happy New Year!

In today’s edition:

Quantum computing’s big year
Our top stories of 2021

Dan McCarthy

QUANTUM COMPUTING

The year of the qubit

image of a person wearing a VR headset staring at a screen Francis Scialabba

As far as emerging tech goes, 2021 was the year of many things: the metaverse, crypto, climate tech, EVs, space.

It was also a year that saw quite a bit of activity in quantum computing. Though the technology still remains at least a decade out from commercialization, per Rand research, 2021 saw the field reach several milestones in service of that bigger goal.

Let’s look back…

100-qubit barrier: In November, IBM claimed to have produced the world’s most powerful quantum computer yet, thanks to its new 127-qubit processor named Eagle. The previous record-holder was also an IBM invention, a 65-qubit processor called Hummingbird. (Reminder: A qubit is the quantum equivalent of a bit in classical computing, and the more qubits you have, the more powerful your machine.)

Funding: Global quantum computing funding soared to $1.7 billion in 2021, per McKinsey analysis of Pitchbook data, more than double the $700 million raised in 2020.

Deals: As is only natural in this day and age, there were several quantum computing SPACs in the past year. In October, IonQ SPAC’d at a $2 billion valuation. A few days later, another US–based quantum-computing company named Rigetti SPAC’d as well, at a $1.5 billion valuation.

  • But in addition to the reverse mergers, we also saw a traditional one: In late November, Honeywell’s quantum-computing division merged with a leading quantum-software maker to create a company called Quantinuum.

Big picture: Given the relatively lengthy path to practicality (and, ultimately, profit) and the record levels of funding flowing into the space, there’s concern about the potential emergence of a “quantum winter,” akin to the AI winters of yore.

“Some quantum industry trackers and startup founders are concerned that the current level of private startup activity in quantum technology may be excessive and premature and that unreasonably high expectations may lead to a sudden crash in investment in a few years,” Rand wrote in its report.

Click here to read the full story.DM

        

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BITS AND BYTES

A needle and bandaids Francis Scialabba

Stat: Nearly 60% of the world has received at least one dose of the Covid-19 vaccine.

Quote: “What is the dialogue that needs to happen between and across society about what technologies we develop and in what direction? And what kind of risk are we willing to take at each point of the journey?”—Azeem Azhar, tech analyst, entrepreneur, and author to Emerging Tech Brew

Read: 2021’s biggest scientific breakthroughs.

Holiday attack: Threat actors often strike on weekends and holidays, when there are fewer people to detect their intrusion. Cybereason’s latest research report can help you defend against ransomware attacks so your organization can enjoy their holidays and weekends in peace. Get the report here.

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EMERGING TECH BREW'S BETS

Some of our favorite pieces of emerging tech-related media, from us to you.

Dan’s rec:
A power struggle over cobalt rattles the clean-energy revolution (New York Times)

Grace’s rec: How We Survive, a climate-tech podcast (NPR Marketplace)

Hayden’s rec: Training self-driving cars for $1 an hour (Rest of World)

Jordan’s rec: Matter’s plan to save the smart home (The Verge)

GOING PHISHING ROUNDUP

The most ridiculous (true!) headlines from this year.

  • Amazon is helping climate researchers study how to dim the sun.
  • The FTC is investigating McDonald’s because its McFlurry machines are always broken.
  • Drones are getting into bowling.
  • Hackers made off with the source code to EA Sports’s FIFA 21 video game.

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