{"id":34619,"date":"2026-05-26T10:13:36","date_gmt":"2026-05-26T08:13:36","guid":{"rendered":"https:\/\/news.banquerichelieu.com\/?p=34619"},"modified":"2026-05-26T10:14:21","modified_gmt":"2026-05-26T08:14:21","slug":"weekly-radar-week-19","status":"publish","type":"post","link":"https:\/\/news.banquerichelieu.com\/en\/2026\/05\/26\/weekly-radar-week-19\/","title":{"rendered":"Weekly Radar &#8211; Week 19"},"content":{"rendered":"\n<ol class=\"wp-block-list\">\n<li><strong>QUANTUM COMPUTING<\/strong><\/li>\n<\/ol>\n\n\n\n<p class=\"has-text-align-center\"><strong>Quantum computing: the new frontier of computing<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Last week, nine companies developing their own quantum computers received grant letters from the Department of Commerce totaling $2 billion<\/strong>.<strong>IBM<\/strong>\u00a0is the largest recipient, with $1 billion to build the first foundry specializing in the production of quantum chips. IBM will contribute another $1 billion to\u00a0<strong>its subsidiary Anderon<\/strong>, which is dedicated to this manufacturing project. The remainder of the grants will be distributed among several startups (Rigetti, D-Wave, Psiquantum, etc.). Many other startups and research teams at large companies are also developing their own quantum computers using various approaches (superconducting circuits, photonics, trapped-ion quantum computing, neutral-atom quantum computing, topological quantum computing, etc.).<\/li>\n\n\n\n<li><strong>The foundational concepts of quantum science<\/strong>\u00a0that describe the properties of particles and the physical mechanisms at work on the atomic scale\u00a0<strong>emerged in 1925<\/strong>in what Kleppner and Jackiw<sup>1<\/sup>\u00a0(2000)\u00a0<strong>call the first quantum revolution<\/strong>. 80 years later, according to Dowling and Milburn<sup>2<\/sup>\u00a0(2003), \u201c<strong>although quantum mechanics as a science has matured completely, quantum engineering as a technology is now emerging on its own right<\/strong>\u201d. We are said to be at the beginning of the second quantum revolution, namely \u201cwe are now actively employing quantum mechanics to alter the quantum face of our physical world\u201d.<\/li>\n\n\n\n<li>While several fields of engineering already apply our understanding of quantum phenomena, such as lasers, MRI, and photovoltaic cells,\u00a0<strong>we are still in the research and development phase when it comes to quantum computers<\/strong>. Just as the bit in a classical computer is the basic unit of digital information, the qubit is the basic unit of information. Unlike the bit, which takes a value of 1 or 0, the value of the qubit is a probability of 0 and 1.\u00a0<strong>The computational capacity<\/strong>\u00a0of a quantum computer would not only be vastly faster than that of a classical computer, but its computing power would enable\u00a0<strong>major breakthroughs<\/strong>\u00a0in materials science, biology, logistics, cryptography, and many other fields.<\/li>\n\n\n\n<li>In recent years,\u00a0<strong>progress seems to be accelerating<\/strong>: technical challenges are being overcome, new algorithms are being successfully tested, funding is being secured, communities of scientists and engineers are taking shape, and the most powerful companies are stepping up their announcements.\u00a0<strong>In short, the prospect of a functional quantum computer appears to be drawing near.<\/strong>\u00a0IBM and Alphabet, for example, are venturing to promise a commercial quantum computer within five years. In 2025, IBM unveiled a detailed roadmap outlining all the engineering challenges that must be overcome to achieve their goal. The three winners of the 2025 Nobel Prize in Physics were honored for their discovery in 1984-1985. This discovery is closely linked to superconducting circuits, the quantum computing approach that appears to be the most advanced, and is precisely the one being pursued by IBM and Google.<\/li>\n\n\n\n<li><strong>The appetite of financial investors and large corporations for quantum computing is undeniable<\/strong>. In 2025, Microsoft unveiled its Majorana 1 chip, based on a different approach than that of IBM and Google, while Amazon also unveiled its first quantum chip, Ocelot. Startups are capitalizing on this enthusiasm: Honeywell announced this year the upcoming IPO of its subsidiary\u00a0<strong>Quantinuum. Infleqtion, Xanadu, and Horizon Quantum<\/strong>\u00a0have just gone public and have market capitalizations ranging from\u00a0<strong>\u20ac700 million to \u20ac5 billion<\/strong>, joining startups that have been publicly traded for several years, such as\u00a0<strong>IonQ, D-Wave, and Rigetti<\/strong>, which have market capitalizations ranging from <strong>$5 billion to $20 billion<\/strong>. Other companies are looking to capitalize on this enthusiasm, such as\u00a0<strong>Pascal<\/strong>, a French firm co-founded by Alain Aspect, the 2022 Nobel Prize winner in Physics, which is expected to go public this year.<\/li>\n\n\n\n<li>In our view,\u00a0<strong>it seems premature to consider the quantum computer as a threat to the traditional processor industry<\/strong>. Furthermore,\u00a0<strong>we believe it is too risky to include these startups in our portfolio at this stage<\/strong>. However, we<strong> recognize that there are opportunities for extraordinary value creation<\/strong>\u00a0among today\u2019s technology leaders at reasonable valuations.<\/li>\n<\/ul>\n\n\n\n<p>1.One Hundred years of quantum physics D.Kelppner et R. Jackiw,MIT, 2000<\/p>\n\n\n\n<p>2.Quantum technology: the second quantum revolution<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quantum computing: the new frontier of computing 1.One Hundred years of quantum physics D.Kelppner et R. Jackiw,MIT, 2000 2.Quantum technology: the second quantum revolution<\/p>\n","protected":false},"author":1,"featured_media":34616,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[66],"tags":[],"class_list":{"0":"post-34619","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-macro-markets"},"acf":[],"_links":{"self":[{"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/posts\/34619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/comments?post=34619"}],"version-history":[{"count":1,"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/posts\/34619\/revisions"}],"predecessor-version":[{"id":34620,"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/posts\/34619\/revisions\/34620"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/media\/34616"}],"wp:attachment":[{"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/media?parent=34619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/categories?post=34619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/tags?post=34619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}