Top Quantum Computing Companies for 2022 | CIO Insight (2022)

By Devin Partida

Updated on:

Top Quantum Computing Companies for 2022 | CIO Insight (2)

Keeping up with competitors is often a matter of capitalizing on digital data. Gathering and analyzing information can reveal new market opportunities, areas for improvement, and more — but all this requires substantial computing resources. Quantum computing companies aim to deliver that on an unprecedented scale.

Quantum computing has already made impressive leaps despite being a relatively new technology. As these machines improve, they could usher in the next wave of the data revolution.

(Video) Top Government Budgets for Quantum Computing in 2022

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Table of Contents

What Is Quantum Computing?

It’s vital to understand exactly what quantum computing is. Traditional computers process information in bits, which represent a value of either 1 or 0. By contrast, quantum computers use qubits, which can be 1 and 0 simultaneously. That lets these machines handle much more complex problems.

Unlike bits, which increase linearly with more linked together, qubits deliver exponentially more computing power when connected. As a result, quantum computers are far faster and more powerful than traditional machines. In a 2019 demonstration, a quantum computer solved a problem in three and a half minutes that would take a classic computer millennia.

Top Quantum Computing Companies

Given the novelty of this field, many investors and businesses may not know who is leading in quantum computing. While it is still unclear which companies will see the most success as adoption rises, some early industry leaders have started to emerge.

Paying attention to these promising innovators could be important as this technology reaches new heights in the next few years. Here are five of the top quantum computing companies for 2022.

IBM

Top Quantum Computing Companies for 2022 | CIO Insight (3)

IBM has been one of the leading quantum computing companies for some time. In 2016, it became the first to offer cloud-based quantum computing access, letting virtually anyone access these once-prohibitive resources. Cloud usage has since become a dominant business model for many companies.

Today, IBM is steadily releasing new versions of its quantum computing technologies to deliver more to its clients. In 2022, it plans to release a 433-qubit processor called Osprey. A 1,121-qubit processor called Condor will succeed it in 2023. At that point, IBM hopes this system will solve problems more efficiently than a supercomputer.

This steady progression map indicates a clear vision of the future and a plan of how to get there. IBM also has the resources to achieve these lofty goals that some startups may not.

(Video) IBM Quantum 2022 Updated Development Roadmap

QCI

Top Quantum Computing Companies for 2022 | CIO Insight (4)

Another top quantum computing company is Quantum Computing Inc. (QCI). QCI has a unique vision for this technology, believing it will never replace traditional computers but, rather, complement them.

QCI aims to deliver on that vision by focusing on services that make quantum resources available on classic machines. The company unveiled a software-as-a-service (SaaS) quantum computing platform called Qatalyst early in 2021 to let companies access resources from other companies through the cloud.

QCI followed that announcement by extending this program to partners’ clients, not just the companies themselves. This chain of delivering quantum computing resources could make this technology far more accessible — and is something to watch in 2022.

Xanadu

Top Quantum Computing Companies for 2022 | CIO Insight (5)

Canadian startup Xanadu has an impressive claim in the quantum computing world. It offers the first photonics-based quantum computing platform available through the cloud. These systems use light instead of superconductors, letting them operate at room temperature.

That breakthrough has gained the startup $45 million in funding and attention from the Defense Advanced Research Projects Agency (DARPA). The company has also released open-source tools for its platform, helping potential partners and developers take full advantage of its quantum resources.

Xanadu claims its system is ideal for issues businesses deal with now — like networking, planning, and logistics — not theoretical future problems. Whether or not that’s an accurate statement may remain uncertain for a few years, but room-temperature quantum computing’s potential is hard to ignore.

Microsoft Azure Quantum

Top Quantum Computing Companies for 2022 | CIO Insight (6)

Microsoft, a more familiar name for many people, is another leading quantum computing company. Its Azure cloud platform gives companies access to quantum resources without the high expenses and infrastructure costs that typically come with it.

Like QCI’s Qatalyst platform, Azure Quantum offers a collection of resources from more than just Microsoft itself. Users can also access resources from QCI, Honeywell, Toshiba, IONQ and 1Qloud. This range of options has attracted the attention of clients like Ford, Pacific Northwest National Laboratory, and more.

Microsoft has a more reserved vision of quantum’s future, but it still offers some of the most accessible approaches to this technology.

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D-Wave Systems

Top Quantum Computing Companies for 2022 | CIO Insight (7)

Another top quantum computing company to watch in 2022 is D-Wave. The company was one of the first to deliver real-time cloud access to quantum computing resources, and remains a leader in the field.

In early 2020, D-Wave unveiled the Leap 2 platform, which gives users cloud access to a hybrid of quantum and classical processors. This system can calculate problems with as many as 10,000 variables, balancing workloads between classic and quantum resources for maximized efficiency. Leap 2 also includes various developer tools to help users capitalize on the platform without extensive experience.

More people taking advantage of this accessible platform could lead to new applications and use cases for the technology. It could make 2022 an exciting year for quantum computing.

What are the Benefits of Quantum Computing for Businesses?

Such massive computing power could have equally impressive consequences for businesses. Perhaps quantum computing’s most potential lies in artificial intelligence (AI), where it could make data analysis faster and more accurate.

Many companies rely on AI for critical tasks. For example, Nasdaq uses AI to detect irregular stock market activity, helping fight fraud. Quantum computing would enable this AI to look at far more cases and consider many potential outcomes at once. It would then deliver faster, more reliable insights, even acting autonomously to stop fraud before it happens.

Quantum computing-powered AI could also help tackle complex subjects like sustainability initiatives or supply chain operations. These algorithms could provide reliable, long-term insights to help companies adapt to changing circumstances without expensive experiments.

As data becomes increasingly crucial to enterprise operations, quantum computing’s value rises. These machines can process massive amounts of information at remarkable speeds, providing better insights faster. Its potential is boundless.

Read more: 4 Benefits of Using AI in Cybersecurity

Current Trends in Quantum Computing

While quantum computing’s potential covers many applications and processes, trends have already started to emerge in the technology. The most current movement revolves around making it more accessible and affordable.

For many leading quantum computing companies, this means addressing these machines’ temperatures. Quantum computers typically have to operate just above absolute zero to avoid overheating, which requires expensive specialized equipment. Steps to make this infrastructure smaller and cheaper, or to let quantum computers work closer to room temperature, are a popular pursuit as a result.

Other trends revolve around making these expensive machines more accessible. Quantum computing as a service has seen growing adoption across many top companies.

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Quantum Computing Holds Significant Potential

Quantum computing is already starting to disrupt industries, although it remains a mystery to many laypeople. As the top companies continue to innovate, this technology will only become more powerful and accessible, paving the way for untold benefits.

The data-driven revolution has its next big step in quantum computing. While the future of this technology is still uncertain, these companies are the most likely to usher in that change.

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Devin Partida

Devin Partida writes about business technology and innovation. Her work has been featured on Yahoo! Finance, Entrepreneur, Startups Magazine, and other industry publications. She is also the Editor-in-Chief of ReHack.

FAQs

What company is leading in quantum computing? ›

Google Quantum AI

Along with IBM, Google Quantum AI is a leading player in full-stack capabilities in quantum computing. Google Quantum AI is advancing the state of the art of quantum computing and developing the tools for researchers to operate beyond classical capabilities.

Who has best quantum computer? ›

Our team of scientists, engineers and technicians, have built what is currently the highest performing quantum computer available. With a quantum volume of 64, the Honeywell quantum computer is twice as powerful as the next alternative in the industry.

Is D-Wave a publicly traded company? ›

Quantum computing company D-Wave is now a public company, having gone public through a merger with a special purpose acquisition company (SPAC). The deal valued the combined company at $1.6 billion. The company is now trading under QBTS and QBTS WS (warrant shares), respectively.

Where can I invest in quantum computing? ›

8 best quantum computing stocks to buy in 2022:
  • Microsoft Corp. (MSFT)
  • International Business Machines Corp. (IBM)
  • Nvidia Corp. (NVDA)
  • Alphabet Inc. (GOOG, GOOGL)
  • Honeywell International Inc. (HON)
  • Amazon.com Inc. (AMZN)
  • Intel Corp. (INTC)
  • Taiwan Semiconductor Manufacturing Co. Ltd. (TSM)
6 days ago

What is Quantum AI Elon Musk? ›

What is Quantum AI All About? Just like other crypto trading platforms, Quantum AI allows users to interact with the online crypto trading world, invest in it and with proper decision-making, reap exponential benefits.

What companies are working on quantum encryption? ›

Microsoft, AWS, VMWare, Cisco Systems and Samsung are among 12 companies the National Institute of Standards and Technology has selected to guide the nation's migration to cryptographic standards that are immune to the computation powers of a quantum machine.

Which companies are into quantum computing? ›

Top Quantum Computing Companies
  • Strangeworks.
  • Zapata Computing.
  • Coldquanta.
  • QC Ware.
  • IBM.
  • D-Wave Systems.
  • Bleximo.
  • Xanadu.

Who is working on quantum computing? ›

Companies like Google, Microsoft, and Airbus are making significant investments in quantum computing, a technology which could change everything from AI to logistics to aircraft design. We look at 20 corporates developing the tech and what they hope to achieve.

Who has the fastest quantum computer? ›

Fujitsu claims to have developed a quantum computer simulator capable of handling 36-qubit quantum circuits on a cluster system featuring the company's supercomputer PRIMEHPC FX 700, which is equipped with the same CPU that powers the world's fastest supercomputer, Fugaku.

What is better than quantum computing? ›

Classical computers are better at some tasks than quantum computers (email, spreadsheets and desktop publishing to name a few). The intent of quantum computers is to be a different tool to solve different problems, not to replace classical computers.

Who is the father of quantum computing? ›

David Deutsch, father of quantum computing.

How many patents does D wave have? ›

D-Wave's innovation and commitment to advancing the science of quantum computing has resulted in over 200 U.S. patents granted and over 100 peer-reviewed papers published in leading scientific journals.

How much does Ad Wave computer cost? ›

D-Wave is now shipping its new $15 million, 10-foot tall quantum computer - The Verge.

Who owns Xanadu? ›

Christian Weedbrook, founder and chief executive of Xanadu.

Globally, quantum-computing companies landed $779.3 million across 77 deals in 2020, surging from $288.3 million in 69 deals in 2019, PitchBook said.

Is quantum AI a good investment? ›

Unfortunately, Quantum AI is too good to be true, especially compared to reputable platforms like Kraken and eToro. Trading bots are incredibly risky and often lead to lost funds. Most people will never get their deposit back or make a profit. They will then need to pay more money into the system or try something else.

How do I invest in quantum AI? ›

How users can use Quantum AI?
  1. Sign Up – The primary step is to sign up for Quantum AI. ...
  2. Use Demo Account – After registering, you need to go through the demo account for experiencing the trading. ...
  3. Make a Deposit – It's time to deposit and start investing with a minimum amount ($250).
18 May 2022

Is it worth investing in quantum computing? ›

Quantum computing is a worthwhile investment, especially if individuals choose to invest in this early stage of development. The market may be worth $64.98 billion as early as 2030, more than ten times that in 2035. Additionally, this specific market has a Compound Annual Growth Rate (CAGR) of 30.2% before 2026.

Can you buy a quantum processor? ›

So, even they do exist, unless you have a few million dollars you don't need, you won't be able to buy a quantum computer today. At the same time, quantum computing is one of the most promising technologies. It is a technology you may want to start learning today rather than tomorrow.

How do I use Google quantum computer? ›

Get started with Quantum Computing Service
  1. On this page.
  2. Before you begin.
  3. Create a circuit.
  4. Simulate the circuit using Cirq.
  5. Run on quantum hardware. Create a Quantum Engine client. View the processor's topology. ...
  6. Running from the command line. Setup Cirq. Setup Google Cloud authentication. ...
  7. Next steps.

How does a quantum computer help AI? ›

This makes quantum computing the perfect candidate for powering artificial intelligence. The vast amounts of data processed by AI systems require enormous computational power. Quantum computers have the potential to provide that power and thus enable AI to reach its full potential.

Which companies are doing quantum computing? ›

Top Quantum Computing Companies
  • Strangeworks.
  • Zapata Computing.
  • Coldquanta.
  • QC Ware.
  • IBM.
  • D-Wave Systems.
  • Bleximo.
  • Xanadu.

Who is working on quantum computing? ›

Companies like Google, Microsoft, and Airbus are making significant investments in quantum computing, a technology which could change everything from AI to logistics to aircraft design. We look at 20 corporates developing the tech and what they hope to achieve.

Does Google have a quantum computer? ›

In 2019, Google researchers claimed they had passed a milestone known as quantum supremacy when their quantum computer Sycamore performed in 200 seconds an abstruse calculation they said would tie up a supercomputer for 10,000 years.

What is the new quantum Internet? ›

A future quantum internet, powered by quantum teleportation, could provide a new kind of encryption that is theoretically unbreakable. In the new experiment, the network nodes were not that far apart — only about 60 feet. But previous experiments have shown that quantum systems can be entangled over longer distances.

How do I invest in quantum AI? ›

How users can use Quantum AI?
  1. Sign Up – The primary step is to sign up for Quantum AI. ...
  2. Use Demo Account – After registering, you need to go through the demo account for experiencing the trading. ...
  3. Make a Deposit – It's time to deposit and start investing with a minimum amount ($250).
18 May 2022

Who invested in IONQ? ›

The $650 million includes $350 million from a group of investors that include Hyundai Motor Co. and Kia Corporation; both have been rumored to be involved with Apple in development of a self-driving car. Breakthrough Energy Ventures, an investment group headed by Bill Gates, is also involved.

Which country has quantum computer? ›

Quantum computing was already gathering pace in Japan and elsewhere in Asia when the University of Tokyo and IBM launched their new quantum computer last year. The computer was the second such system built outside the United States by IBM — the latest in a string of key moves in quantum research.

Who has the fastest quantum computer? ›

Fujitsu claims to have developed a quantum computer simulator capable of handling 36-qubit quantum circuits on a cluster system featuring the company's supercomputer PRIMEHPC FX 700, which is equipped with the same CPU that powers the world's fastest supercomputer, Fugaku.

What is Microsoft quantum? ›

Microsoft Azure Quantum innovates across every layer of the quantum stack, from software and applications to control and devices. This includes the pursuit of fault-tolerant topological qubits that scale towards a general-purpose quantum computer.

Which country has quantum communication? ›

China's Quantum Communication Advances

In recent years, it has made several quantum technological advances, such as the world's first quantum satellite, a 2,000 Km quantum communication line between Beijing and Shanghai, and the world's first optical quantum computing machine prototype.

Is quantum AI owned by Elon Musk? ›

Is Elon Musk Related to Quantum AI? No. Elon Musk is the CEO of Tesla and SpaceX.

Who is the owner of quantum AI? ›

Alan Wen - Founder and CEO - Quantum AI Financial & Insurance Agency Corp | LinkedIn.

What is the largest quantum computer today? ›

COLLEGE PARK, Md., February 23, 2022--(BUSINESS WIRE)--Today, IonQ (NYSE: IONQ) announced that IonQ Aria, the Company's latest quantum computer, has achieved a record 20 algorithmic qubits and has furthered its lead as the most powerful quantum computer in the industry based on standard application-oriented industry ...

Is quantum internet faster than light? ›

For now, though, the prevailing position among scientists appears to be that quantum communication is not faster than the speed of light.

How fast is quantum speed? ›

The team came back and said that quantum entanglement transfers information at around 3-trillion meters per second – or four orders of magnitude faster than light.

What are quantum devices? ›

Introduction. A “quantum device” could be defined as a device whose functionality or principle of operation depends essentially on quantum mechanical effects.

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