Mark Zuckerberg, CEO of Meta, on Quantum Computers
"It Will Take Decades to Become a Useful Paradigm"
Earlier, NVIDIA CEO Jensen Huang Expressed a Similar View
Mark Zuckerberg, CEO of Meta, poured fuel on the stock plunge by expressing a negative outlook on quantum computers. On the 13th (local time), the US economic media CNBC reported, "Zuckerberg poured out a negative outlook on quantum computers in an interview with Joe Rogan Experience, the largest podcast in the US."
In the interview, Zuckerberg said he is “not a true quantum computer expert,” but added, “In my judgment, there is still a long way to go before (quantum computers) become a very useful paradigm. Many say it will take decades more for quantum computers to become practical.”
Earlier, Jensen Huang, CEO of NVIDIA, also expressed a negative stance when asked about the commercialization timeline of quantum computers, saying, “If it takes 20 years (for useful quantum computers to emerge), many people would agree.” Following this remark, stocks related to quantum computers, which had been soaring, plummeted simultaneously.
On the other hand, voices of opposition erupted from the quantum computing industry. Allen Baratz, CEO of quantum computing company D-Wave Quantum, said, “Jensen Huang’s claim is completely wrong,” adding, “Companies including Mastercard and Japan’s NTT Docomo are currently benefiting from using their quantum computers.” He emphasized, “The commercialization timeline of quantum computers is not 15 years later, 20 years later, or 30 years later, but right now, today.”
Another quantum computing company, IONQ’s co-founder and Duke University professor Jeongsang Kim interpreted, “It took 30 years from when NVIDIA created the graphics processing unit (GPU) in the 1990s to its application in artificial intelligence (AI). Jensen Huang’s statement means that a quantum computing company with a market cap of $3 trillion could emerge 30 years from now.” He added, “Quantum computing is a once-in-30-years opportunity, and there will be a lot of activity ahead,” and claimed, “In 20 to 30 years, every individual will have the opportunity to utilize quantum computers.”
However, following Jensen Huang and Zuckerberg’s negative outlook on quantum computers that day, quantum computing stocks continued to plunge by 10 to 20%. Rigetti, which surged 1449% last year, saw its stock price halved this year, and Quantum Computing, which soared 1712% during the same period, dropped 58% this year. IONQ also surged nearly 240% last year but fell more than 30% this year.
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