New MIT report captures state of quantum computing

Good news!

"Quantum technologies are evolving from theoretical concepts into tangible

technologies with commercial promise. Their rapid progress is capturing

global attention and suggests we stand on the cusp of a second quantum

revolution. While the first quantum revolution gave us the rules of the

quantum world and applied them to create groundbreaking technologies

such as semiconductors, lasers, MRI machines and atomic clocks,

the second quantum revolution, by contrast, focuses on controlling and

engineering quantum systems directly—such as using qubits for computing

or entangled photons for communication. ..."

"... Insights from the “Quantum Index Report 2025” include the following:

• Quantum processor performance is improving, with the U. S. leading the field. Two-dozen manufacturers are now commercially offering more than 40 quantum processing units (QPUs), which are the processing hardware for a quantum computer. This is an indicator that the technology is becoming more accessible to business. While there have been impressive advancements in performance, QPUs do not yet meet the requirements for running large-scale commercial applications such as chemical simulations or cryptanalysis.
• Quantum technology patents are soaring, with the total number increasing fivefold from 2014 to 2024. Corporations and universities are spearheading innovation efforts, accounting for 91% of the patents filed, with corporations holding 54% and universities 37%. China held 60% of quantum patents as of 2024, followed by the U.S. and Japan.
• Venture capital funding for quantum technology reached a new high point in 2024. Quantum computing firms received the most funding ($1.6 billion in publicly announced investments), followed by quantum software companies at $621 million. The researchers note that quantum received less than 1% of total venture capital funding worldwide.
• Businesses are buzzing over quantum computing. The report tracks how often the technology was mentioned across more than 50,000 corporate communication vehicles, including press releases and earnings calls, from 2022 to 2024. There was a significant uptick in mentions each quarter in 2024, with the frequency outpacing that of previous years by a substantial margin. The researchers said that this positively correlates with the maturing of the quantum market and the growing presence of quantum technology in mainstream business discourse.  
• Quantum skills and training are growing in importance as companies begin to focus on workforce development. The demand for quantum skills has nearly tripled since 2018, according to the report. In response, universities are establishing quantum hubs and standing up programs that connect business leaders with researchers.

..."

New MIT report captures state of quantum computing | MIT Sloan

Too bad, following chart is outdated. Why MIT did not bother to update this chart is strange! Look at India! Surprisingly, Israel is not higher up in the list. Quantity is not quality!