IBM's Decade-long Quantum Computing Roadmap Targets 1 Billion Gates by 2033
IBM has unveiled an ambitious 10-year roadmap for quantum computing innovation, expecting to hit a significant milestone with their Starling processor capable of executing 100 million quantum gates over 200 qubits by 2029. This follows the company's recent achievement of the IBM Condor processor reaching over 1000 qubits. Throughout the decade, IBM will introduce processors such as Heron and Blue Jay, paving the way for a future system projected to execute 1 billion gates on 2,000 qubits by 2033. These advancements aim to revolutionize computational capacities and foster industry-wide adoption with improved utility through services like Qiskit Runtime, as well as exploring various industry use cases.
Neutral
The news of IBM's updated quantum computing roadmap signifies technological progress but does not have a direct immediate impact on the cryptocurrency market. Quantum computing could eventually have significant implications for crypto trading by potentially breaking current cryptographic protocols. However, since these advancements are projected to occur over a decade, they represent long-term considerations. For this reason, the market's short-term sentiment and stability are not expected to be affected, leading to a neutral market view.