In This Article:
Google (NASDAQ:GOOG)'s quantum computing chip Willow just sparked great excitement, generated buzzes in the quantum computing sector. Google's Willow contributed to investors' confidence that boost other quantum computing stocks too like Rigetti Computing (NASDAQ:RGTI), IonQ (NYSE:IONQ) and Quantum Computing Inc (NASDAQ:QUBT), they saw their price lifted tens even hundreds of percent within a matter of days.
What is this quantum technology and why is it said to be a game-changer for AI and other technology advancement, and what does it do in our daily life?
Quantum computing process information unlike classical computers. With its quantum bits or shortened as qubits, quantum computers work as a super-computer that solve complex problems faster exponentially.
Quantum computing is futuristic and its applications are vast, and as the technology developing, it will start to impact our daily life in several ways:
-
In Artificial Intelligence: quantum computing processes big data faster with almost zero error, that will help AI to the improvement on the accuracy, better speech recognition ability as well as better analysis predictability.
-
In medical research and drug development: quantum computing technology can enhance the ability to simulate molecular structures and interaction faster to the discovery of new medications than conventional methods.
-
In transportation and logistics: quantum computers bring about more efficacy in improving the route, traffic and transportation system for the trucks, mass transportations and the overall traffic networks.
-
In Cryptography and security: we also see that quantum computers can transform encryption techniques and, at the same time, secure information more effectively.
These are sample of quantum computing applications but are not limited to the above fields and the technology continue to evolve. Quantum computing introduces the potential of acceleration to better improvement of living.
This article first appeared on GuruFocus.