Investments in quantum technology have fallen sharply since last year. Generative AI takes the cake and takes a (large) share.
Last year, quantum companies received 50 percent less venture capital funding. Investors are changing their tactics and betting a large portion of their capital on generative AI. Developments in the field of AI are visible and are happening at a rapid pace, while quantum technology in practice will take some time.
Quantum in practice
Although quantum technology continues to make progress, in practice this is less visible and happens at a slower pace. Quantum technology is being pushed more into the background in a world where generative AI is taking over. Developments in the field of AI models and tools continue to emerge, making it a more interesting investment for investors. End users are applying these models en masse in practice, in contrast to quantum technology, which is still in the development phase.
Will quantum computers crack our encryption codes in 2025?
Quantum technology remains important and investments are still being made, but less and less. In 2022, investments in quantum technology reached a peak of $2.2 billion, and in 2023 researchers and companies had to make do with half that. Quantum technology may be less present in our eyes, but it continues to develop strongly.