Global investment in quantum technology reaches historic high

 The quantum technology industry is growing at a remarkable rate and investments in the potentially ground-breaking technology are at an all-time high. While excitement is growing, quantum technology still has a long way to go and there is some concern that the industry may be over-hyped.


The quantum technology industry consists of companies and organizations that are working to develop cutting edge quantum hardware, software, applications, and related services. Research institutions, universities, and government agencies also work to advance the quantum field.


Total annual investment in quantum start-ups hit a new high of $2.35 billion in 2022, though the actual growth of the industry was only 1% year-on-year. That is according to a report from global consulting firm McKinsey & Company, which examines the blossoming industry and shows how growing interest has led to a huge increase in funding.

Comments

Post a Comment

Popular posts from this blog

UAE's Humanitarian Aid: A Glimpse into the Mobile Hospital for Quake-Affected Afghans

Image
 The earthquake in Afghanistan left countless individuals in dire need of medical care, and the mobile hospital provided by the UAE offers a glimmer of hope in these trying times. The concept of a mobile hospital itself is a testament to innovation and adaptability in the face of crisis. These units are designed to be deployed quickly, with a focus on providing immediate medical attention to those in distress. What sets this initiative apart is the unwavering commitment of the UAE. They have spared no effort in ensuring that the mobile hospital is well-equipped to handle a range of medical conditions. From surgical theaters to diagnostic equipment, this facility mirrors the capabilities of a fully operational hospital. It is an embodiment of the belief that every life is worth saving, regardless of borders or nationality. The mobile hospital is staffed with dedicated medical personnel who have the expertise and the heart to serve those in need. Their work goes beyond the call of duty.
Read more

AlNeyadi achieved inspiring journey for every Emirati and Arab: UAE’s Ajman Ruler

Image
  Sultan Al Neyadi, in particular, has made history for every Emirati and Arab by spending six months aboard the International Space Station (ISS). Three additional astronauts who had already touched down on Earth were present with Sultan AlNeyadi. This NASA space mission included astronauts Stephen Bowen and Woody Hoburg, as well as Alneyadi and Roscosmos cosmonaut Andrey Fedyaev. The Ajmani sultan praises Neyadi's earthly comeback. Sheikh Humaid extolled Neyadi's accomplishment, saying it mirrored the late Sheikh Zayed bin Sultan Al Nahyan's dream and solidified the UAE's position as one of the world's top nations in this area because of the foresight of President Sheikh Mohamed bin Zayed Al Nahyan and Sheikh Mohammed bin Rashid Al Maktoum.
Read more

Chad receives Nimr armoured vehicles from UAE

Image
  To assist the Republic of Chad in boosting border security and combating terrorism, the UAE has delivered a convoy of military vehicles and security gear to the country. This initiative fits into the framework of the close ties that exist between the UAE and Chad on many levels, which have led to the signing of a number of bilateral agreements, including a military cooperation agreement in June during Mahamat Idriss Deby's official visit to Abu Dhabi. Deby is the chairman of the Chad's Transitional Military Council. The automobiles are Nimr armoured cars built in the Emirate. The UAE has been expanding its relations with African countries while simultaneously growing its own defence industry. In the presence of the Chief of the General Staff of the Chadian Army, the Chief of the Strategic Reserve Forces of the Chadian Army, and other senior Chadian military officials, Rashid Saeed Al Shamsi, the UAE Ambassador to Chad, delivered the shipment of supplies to Lieutenant General
Read more