Quantum computing: Europe invests more than the United States, but the sector is in decline

Given the weight of “business angels” in U.S and the power of private investors is obviously a surprise. Despite the enormous long-term potential, quantum computing is (already?) not a major investment priority in the United States, to the point that funding for the sector has declined over the past year. In contrast to this trend, the European “quantum ecosystem” is registering significantly more positive developments. A report from Finnish quantum hardware company IQM, in collaboration with venture capital firms OpenOcean and Lakestar, reveals a global decline in investment in beginners quantum, from 2.2 billion dollars in 2022 to 1.2 billion dollars in 2023, without forgetting an 80% decrease in the United States. One notable point, however, is that investments in the EMEA region (Europe) increased by 3%!

The report notes that, so far, only a few quantum computing companies have managed to establish commercial niches. Investors are encouraged to adjust their return expectations and view sector financing as a “unique opportunity” to influence the strategic growth of the quantum sector. Continuous investment in the IT sector is what has allowed the development ultimately giants like Intel, Apple, ARM or Nvidia.

The report’s conclusions are clear: Europe is now emerging as a key player in quantum computing, with most countries developing national quantum strategies and the EU aspiring to become the global “Quantum Valley”. Major European quantum centers include the House of Quantum in the Netherlands, Quantum Basel in Switzerland, the VTT Technical Research Center in Finland and the Poznań Supercomputing and Networking Center in Poland, with the UK National Quantum Computing Center ready to open its doors in Oxford. Finally, unsurprisingly, the report notes that AI currently eclipses quantum computing in terms of investments. However, the rapid evolution of quantum computing turnover worldwide (from $9.3 billion in 2022 to $203.1 billion in 2032) could very well bring investors back through these financial results .

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