Quantum Computing – A Compute Odyssey

Silicon is here to stay for a long time.

  • Everyone is getting excited again about the prospect of Quantum Computing providing the almost limitless compute needed for super-intelligent machines, but the reality remains that this is a single step on a very long journey that will keep silicon in the driver’s seat for many years to come and way beyond 2030.
  • Google has published a research paper in Nature detailing the creation of a new type of Quantum Computing chip that Google claims is far more stable than previous generations.
  • This is important because greater stability means a much lower error rate meaning that more of the resource can be used for calculations rather than discarded.
  • The research paper (see here) is a demonstration of a theory that was proposed back in the early 1990s and has taken over 30 years to be demonstrated in a physical system.
  • This should cause the cool-aid drinkers and technology media to pause for thought in terms of what the realistic outlook for quantum computing going mainstream is.
  • Publication in Nature is important because this paper has been reviewed by a panel of Google’s peers and rivals meaning that it is much more than the marketing-press-release-dressed-up-as-a-scientific-paper technique preferred by Open AI and its peers.
  • The improvement in performance achievable is jaw-dropping as the paper claims that its new chip can complete in minutes a task that would take a normal supercomputer 1025 years.
  • 5 years ago, Google made a similar claim but this time the task that took minutes would have taken a normal supercomputer 104 years.
  • This represents a mind-boggling increase (1019x) in performance and promises to usher in an era of virtually infinite compute power at a very low cost per unit of compute.
  • However, there is a catch which is that all of this horsepower is completely useless for any task other than very specific types of mathematical operations which have no real practical use.
  • Furthermore, if one creates a translation system to enable practical tasks to be carried out on these machines, all of the benefits over normal supercomputers drain away leaving the quantum machine as inefficient and expensive.
  • Therefore, the real problems of quantum computing stretch far beyond achieving performance and are mainly centred around making practical and economical use of it.
  • Consequently, I see the technical problems being overcome now as being analogous to the first attempts to migrate from vacuum tubes to transistors back in the 1950s and 1960s.
  • Even though Moore’s Law has long ground to a halt, silicon looks like it is going to be the medium of choice for compute processing for many years, if not decades to come.
  • Hence, this is not the end of TSMC, Nvidia et al nor is Google about to become the sole owner of the one computer that can outdo all others.
  • Instead, what we are witnessing are the first steps being taken on the quantum computing odyssey that I think has a very good chance of one-day replacing silicon in its entirety.
  • Whether I am around to witness this transition is another question, meaning that for all intents and purposes, quantum computing remains almost un-investible.

RICHARD WINDSOR

Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.

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