Nvidia Chief Hosts Quantum Computing Execs After Dis
PATRICK SEITZ
Two months ago at the CES conference, Nvidia (NVDA) Chief Executive Jensen Huang dismissed quantum computing as something that won't be very useful for 15 to 30 years. But on Thursday Huang hosted a roundtable discussion on the technology at the Nvidia GTC conference in San Jose, Calif.
The event called Quantum Day was a mea culpa of sorts for Huang to a nascent industry that holds great promise.
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At Quantum Day, Huang said the idea for the panel came about after his dismissive comments at CES. He invited quantum computing executives to GTC "to explain why he was wrong."
Quantum computing has tremendous potential but is "insanely complicated," Huang said.
The roundtable discussion included executives from such quantum computing companies as D-Wave Quantum (QBTS), IonQ (IONQ) and Rigetti Computing (RGTI).
Other companies represented at Quantum Day were Alice & Bob, Atom Computing, Infleqtion, Pasqal, PsiQuantum, Quantinuum, Quantum Circuits, QuEra Computing and SEEQC.
Microsoft (MSFT) and Amazon.com (AMZN) unit AWS also participated in the chat.
On Jan. 7, during a question-and-answer session with financial analysts at CES, Huang said quantum computing will be useful for "small data, big compute, big combinatorial computing problems." That includes applications such as cryptography. "It's not good at large data problems."
He said 15 years probably would be "on the early side … for very useful quantum computers."
Nevertheless, Nvidia is working with quantum computing companies to advance the technology, Huang said.
"We want to help the industry get there as fast as possible and to create the computer of the future and we'll be a very significant part of it," Huang said at the CES event.
On Tuesday, Nvidia announced that it is building a Boston-based research center to advance quantum computing.
The Nvidia Accelerated Quantum Research Center will integrate leading quantum hardware with AI supercomputers. It will focus on solving quantum computing's most challenging problems, ranging from tackling qubit noise to the transformation of experimental quantum processors into practical devices.
In afternoon trades on the stock market today, Nvidia stock rose a fraction to 118.20. Quantum computing stocks D-Wave, IonQ and Rigetti all fell, continuing their recent retreat.
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Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
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