Quantum computing is gaining momentum as a technological frontier, with industry experts like Sam Stanwyck, director of quantum product at Nvidia, suggesting that the field is approaching a pivotal moment. Speaking at the IEEE Quantum Week conference in Albuquerque, Stanwyck emphasized that the “era of logical qubits” has arrived, highlighting advancements that make quantum systems more reliable. However, he cautioned that to realize quantum computing’s full potential, progress in hardware, software, and error correction must converge to create systems capable of solving problems at scale. This matters because quantum computing could potentially revolutionize industries from finance to cybersecurity, promising nearly US$2.7 trillion in value by 2035, according to a McKinsey analysis.
### What Quantum Computing Actually Does
Quantum computing leverages the principles of quantum mechanics to process information in fundamentally different ways than classical computers. At its core, quantum computing uses qubits, which can exist in multiple states simultaneously, enabling them to perform complex calculations at unprecedented speeds. This capability could unlock new possibilities in a variety of fields, including drug discovery, supply chain optimization, and the development of new materials. Unlike traditional computers, which process information in binary, quantum computers have the potential to solve problems previously deemed intractable for classical systems.
Despite its promise, quantum computing remains a nascent technology, with practical applications still largely confined to the research lab. The challenge lies in building systems that are not only powerful but also reliable, scalable, and error-free. As Stanwyck noted, achieving meaningful impact from quantum technology will require addressing these engineering hurdles.
### Competitive Context
The race to harness quantum computing is heating up, with significant investment pouring into the sector. In 2025, quantum technology start-ups attracted US$12.6 billion in funding, a sixfold increase from the previous year. This investment surge underscores the growing interest and competition in the field. Major tech companies like Google, IBM, and Microsoft, along with specialized startups such as Xanadu and Nord Quantique, are all vying for leadership in quantum research and development.
However, the industry is still grappling with the challenge of making quantum computers commercially viable. While companies are making strides in developing more reliable qubits and error correction techniques, the technology is not yet ready for widespread adoption. The competitive landscape is marked by both collaboration and rivalry as companies strive to overcome these technical barriers and bring quantum computing out of the lab and into real-world applications.
### Implications for Founders, Engineers, and the Industry
For founders and engineers, the current state of quantum computing represents both an opportunity and a challenge. Those looking to enter the quantum space need to be prepared for a long-term commitment, as the field requires significant research and development before achieving widespread commercial success. Engineers, in particular, will need to focus on solving complex problems related to hardware reliability, software development, and error correction.
The industry as a whole must navigate an evolving landscape where progress is incremental rather than sudden. This means that companies should be cautious about overhyping their capabilities and instead focus on building sustainable, scalable solutions. For investors, the quantum sector offers the potential for high returns but also carries considerable risk due to the uncertainty surrounding the timeline for commercial viability.
### What’s Next?
As quantum computing continues to develop, the focus will likely remain on addressing the critical engineering challenges that currently limit its practical applications. Researchers and companies will need to collaborate closely to advance the technology and bring it closer to market readiness. For founders and engineers, now is the time to engage deeply with the technical aspects of quantum computing and prepare for a future where these skills will be in high demand. Investors should keep a close eye on the sector, balancing optimism with realism as the field matures.
