• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Magazinequantum computing

Calculating Quantum Computing’s Future

Robert Hackett
By
Robert Hackett
Robert Hackett
Down Arrow Button Icon
Robert Hackett
By
Robert Hackett
Robert Hackett
Down Arrow Button Icon
February 22, 2019, 6:30 AM ET

In 1982, Nobel Prize–winning physicist Richard Feynman conceived of an ultrapowerful calculator that relies on microscopic particles to operate. He called his idea a “quantum” computer, referring to the laws that govern nature at a subatomic level.

Today, some of the technology industry’s biggest companies, such as IBM, Google, Intel, Microsoft, and China’s Alibaba, have latched onto the idea. They, along with upstarts like California-based Rigetti, are in a race to build these cutting-edge machines, which promise to revolutionize industries including energy, health, and finance by letting them crunch data faster than ever before.

JPMorgan Chase and Daimler have already started testing the technology, hoping that it will eventually give them a leg up over rivals.

Governments understand the geopolitical implications too. China is building a $10 billion national lab for quantum computing, raising concerns in the West about potentially falling behind.

Just before the recent U.S. Government shutdown, Republicans and Democrats set aside their differences to earmark more than $1 billion “to create a unified national quantum strategy.” Nothing stokes cooperation quite like fear.


Justin Fantl—Courtesy of Rigetti Computing

1. The brain

You’ve heard of a CPU; now meet the QPU, or quantum processing unit. This computer, from startup Rigetti, features a gold-plated copper disk with a silicon chip inside that contains the machine’s brain. Most everything else in the computer is designed to keep the chip cold and stable.

2. The heart

Beneath these tuna cans–like heat exchangers sits the “mixing chamber.” Inside, different forms of liquid helium—­helium-3 and helium-4—slosh together. Through separation and evaporation, the helium diffuses the heat.

3. The skeleton

These gold plates are the layers of the quantum computer wedding cake. They separate cooling zones. At this layer, the temperatures dip to just above absolute zero. At the bottom, they plunge to one-hundredth of a Kelvin—hundreds of times as cold as outer space.

4. The nerves

The coils in these photon-carrying coaxial cables are more than just a decorative flourish. They relieve the stresses that result from ­supercooling the interior. Without the coils, the cables would snap.

5. The shell

When the computer is operational, five casings (like the white one shown at the top of the image) envelop the machine. These ­Russian-­nesting-doll cans act as ­thermal shields, keeping everything supercold and vacuum-sealed inside.


“This feels like my generation’s space race,” says Jim Clarke, Intel’s director of quantum hardware.

The most popular approach to quantum computing uses superconducting electronic circuits, piggybacking on the foundations of the semiconductor industry. Whereas ordinary computers encode information as silicon-inscribed bits, either “zeros” or “ones,” quantum computers use quantum bits, or ­“qubits” (pronounced cue-bits). These particles, weirdly, inhabit multiple states at once. To keep them in flux, they must be kept isolated and cold. Very, very cold.

“What you’re looking at is the world’s most expensive refrigerator,” says Bob Sutor, head of quantum strategy at IBM, while gesturing at a 20-qubit quantum computer that company unveiled in January.

Despite its small size, Rigetti, founded by a physicist who previously built quantum computers at IBM, believes it can challenge the titans. The company sells a quantum computing cloud service to researchers who are racing to be the first to achieve “quantum advantage,” when a quantum computer outperforms a traditional one. Scientists expect a modest demonstration of superiority in the next couple of years, though they predict it will take up to 10 years before the technology can handle any meaningful tasks.

“People keep asking whether we can build working quantum computers and do it repeatedly at scale,” says Rigetti vice president Betsy Masiello. “Today, in the market, we have definitively answered, yes. We can build them, they work, and we can do it in a repeatable fashion at production level.”

The reality is here; the race is on.

A version of this article appears in the March 2019 issue of Coins2Day with the headline “Calculating Quantum Computing’s Future.”

About the Author
Robert Hackett
By Robert Hackett
Instagram iconLinkedIn iconTwitter icon
See full bioRight Arrow Button Icon

Latest from the Magazine

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

Latest from the Magazine

MagazineWarren Buffett
Warren Buffett: Business titan and cover star
By Indrani SenDecember 7, 2025
1 month ago
MagazineMarkets
Why an AI bubble could mean chaos for stock markets—and how smart investors are protecting their portfolios
By Alyson ShontellDecember 3, 2025
1 month ago
MagazineMedia
CoComelon started as a YouTube show for toddlers. It’s now a $3 billion empire that even Disney can’t ignore
By Natalie JarveyDecember 3, 2025
1 month ago
MagazineFood and drink
A Chinese ice cream chain, powered by super-cheap cones, now has more outlets than McDonald’s
By Theodora YuDecember 3, 2025
1 month ago
AITikTok
China’s ByteDance could be forced to sell TikTok U.S., but its quiet lead in AI will help it survive—and maybe even thrive
By Nicholas GordonDecember 2, 2025
1 month ago
MagazineAnthropic
Anthropic is all in on ‘AI safety’—and that’s helping the $183 billion startup win over big business
By Jeremy KahnDecember 2, 2025
1 month ago

Most Popular

placeholder alt text
Law
Amazon is cutting checks to millions of customers as part of a $2.5 billion FTC settlement. Here's who qualifies and how to get paid
By Sydney LakeJanuary 6, 2026
3 days ago
placeholder alt text
Success
Diary of a CEO founder says he hired someone with 'zero' work experience because she 'thanked the security guard by name' before the interview
By Emma BurleighJanuary 8, 2026
23 hours ago
placeholder alt text
Workplace Culture
Amazon demands proof of productivity from employees, asking for list of accomplishments
By Jake AngeloJanuary 8, 2026
21 hours ago
placeholder alt text
Future of Work
AI layoffs are looking more and more like corporate fiction that's masking a darker reality, Oxford Economics suggests
By Nick LichtenbergJanuary 7, 2026
2 days ago
placeholder alt text
Real Estate
Google billionaire Larry Page copies the Jeff Bezos playbook, buying a $173 million Miami compound that will save him millions in taxes
By Nick LichtenbergJanuary 8, 2026
20 hours ago
placeholder alt text
Crypto
Russia and Iran are increasingly turning to crypto—especially stablecoins—to avoid sanctions, report finds
By Carlos GarciaJanuary 8, 2026
1 day ago

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.