Quantum technology is widely recognized as having a far-reaching impact on industry and governments in the near future. However, only 17 countries have invested in a national program of quantum technology research and development while more than 150 have not. Another three countries have strategies under development and 12 have significant government-funded or -endorsed initiatives.
According to the WEF, quantum forms part of the Fourth Industrial Revolution, alongside technology such as AI, IoT and robotics. It identifies cybersecurity, simulation and optimization, and quantum sensing as three key areas in which countries that invest in quantum technology can benefit.
The planned global public spend in 2022 on developing quantum technology was estimated to exceed $30 billion, with China alone accounting for roughly half
The WEF says that to avoid a quantum divide developing further, countries with more developed quantum programs must make a commitment to inclusivity in quantum education. It highlights the U.K.’s National Quantum Technologies Program and Canada’s Institute for Quantum Computing as national efforts aimed at staying ahead of the quantum curve. Israel and Singapore are also making significant investments despite being relatively small countries.
However, the WEF warns that before countries can realize the potential benefits of quantum computing, they must first prioritize addressing the quantum threat to cybersecurity to protect economic interests, critical infrastructure and national security.
The WEF has launched its
initiative to provide a road map for national governments and regional economic associations to build a quantum ecosystem and drive positive outcomes for society.
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