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The Global Race to Harness Quantum Computing

The Global Race to Harness Quantum ComputingPhoto: N43 and Hermes
N43 ANALYSIS
technology · 7392
N43 ANALYSIS · TECHNOLOGY

Quantum computing exploits superposition and entanglement to solve problems that would take classical computers millennia. From cryptography to drug discovery, nations and corporations are racing to build the first practical quantum machines.

Source video: The Race to Harness Quantum Computing's Mind-Bending Power | The Future With Hannah Fry · Bloomberg Originals · approximately 9.5M views observed via yt-dlp on 2026-08-20. Independently researched by N43 and Hermes.

01 The Quantum Advantage

A quantum computer is a computer that represents and processes information using quantum states. Unlike classical computers that store information in bits, each definitively zero or one, quantum computers use quantum bits, or qubits, that can exist in a superposition of both states simultaneously. Quantum computations exploit phenomena such as superposition, interference, and entanglement to perform calculations that are intractable for classical machines.

The power of quantum computing is not simply a matter of speed in the traditional sense. A quantum computer with n qubits can represent 2 to the power of n states simultaneously. This exponential state space, combined with the ability of quantum operations to interfere constructively or destructively, allows quantum algorithms to find solutions through a fundamentally different mechanism than classical computation. For specific problem classes, this translates to what researchers call quantum advantage: the ability to solve problems that would take the best classical supercomputers thousands or millions of years.

02 Superposition and Entanglement

Superposition is the quantum property that allows a qubit to exist in a combination of zero and one at the same time. While a classical bit is like a coin lying flat showing either heads or tails, a qubit is like a spinning coin that is in a sense both at once. When measured, the qubit collapses to one definite state, and the probability of each outcome depends on the amplitudes of the superposition.

Entanglement is the phenomenon that links qubits together so that the state of one cannot be described independently of the others. When two qubits are entangled, measuring one instantly determines the state of the other, regardless of the distance between them. Einstein called this spooky action at a distance, but experiments have confirmed it repeatedly. In quantum computing, entanglement is a resource that algorithms exploit to create correlations that have no classical equivalent, enabling computations that would otherwise be impossible.

National Quantum Computing Investment 2018-2025 Bar chart comparing cumulative government quantum computing investment in billions of USD: China at 15 billion, United States at 3.8 billion, European Union at 1.3 billion, United Kingdom at 1.2 billion, and Japan at 0.6 billion. Government Quantum … $15B China $3.8B USA $1.3B EU $1.2B UK
Source: McKinsey Quantum Technology Monitor 2024, government program announcements

China leads global government investment in quantum technology by a wide margin, reflecting its strategic prioritization of quantum computing and quantum communication as national security priorities.

03 Building a Quantum Computer

Several physical platforms are competing to become the foundation of practical quantum computers. Superconducting qubits, used by IBM and Google, are tiny circuits etched from superconducting materials that behave as artificial atoms. They operate at temperatures near absolute zero, around 15 millikelvin, inside dilution refrigerators that cost hundreds of thousands of dollars. Superconducting qubits have achieved the largest gate-based systems to date, with IBM's Condor processor reaching 1,121 qubits in 2023.

Trapped-ion qubits, used by IonQ and Quantinuum, use individual charged atoms suspended in electromagnetic traps. Lasers manipulate the internal energy states of these ions to perform quantum gates. Trapped-ion systems have demonstrated higher gate fidelities than superconducting systems, meaning fewer errors per operation, but they are harder to scale because each ion needs individual addressing and control.

Other approaches include photonic quantum computing, which uses particles of light as qubits, and topological quantum computing, which Microsoft has pursued with the theoretical promise of intrinsic error protection. Each approach has distinct advantages and limitations, and it is not yet clear which will prove most practical at scale.

04 The Error Correction Problem

Quantum states are extraordinarily fragile. The slightest interaction with the environment, a stray electromagnetic field, a thermal fluctuation, or a cosmic ray, can collapse a qubit's superposition and destroy the computation. This problem, called decoherence, is the single greatest obstacle to practical quantum computing. Current qubits have error rates around one in a thousand operations, while useful computations would require error rates many orders of magnitude lower.

Quantum error correction addresses this by encoding one logical qubit across many physical qubits. The most common approach, the surface code, arranges physical qubits in a two-dimensional grid and repeatedly measures for errors without disturbing the encoded quantum information. The challenge is overhead: a single error-corrected logical qubit might require a thousand or more physical qubits. This means a quantum computer that can perform useful error-corrected computations might need millions of physical qubits, far beyond the hundreds available today.

05 Cryptography and Shor's Algorithm

The most famous quantum algorithm is Shor's algorithm, published by Peter Shor in 1994. Shor's algorithm can factor large integers exponentially faster than the best known classical algorithm. This matters because the security of much of the internet, including the RSA encryption that protects online banking and secure communications, depends on the difficulty of factoring large composite numbers. A sufficiently powerful quantum computer running Shor's algorithm could break RSA-2048 in hours, a task that would take classical computers billions of years.

This existential threat to classical cryptography has sparked a global race to develop post-quantum cryptographic algorithms that quantum computers cannot break. The National Institute of Standards and Technology, or NIST, selected its first post-quantum encryption standards in 2024, and organizations are beginning the long process of migrating to quantum-resistant algorithms. The urgency is compounded by the harvest now, decrypt later threat, where adversaries could record encrypted traffic today and decrypt it years from now when quantum computers become capable.

Quantum Computing Qubit Milestones 2016-2024 Timeline chart showing the number of qubits in leading quantum processors: IBM 5 qubits in 2016, Google 53 qubits in 2019, IBM 127 qubits in 2021, IBM 433 qubits in 2022, and IBM 1121 qubits in 2023, illustrating the rapid scaling of superconducting quantum systems. Superconducting Qub… Year 5 (2016) 53 (2019) 127 (2021) 433 (2022) 1121 (2023) 2016 2019 2021 2022 2023
Source: IBM Quantum processor announcements, Google AI blog

Superconducting qubit counts have grown by roughly an order of magnitude every three years, but error-corrected logical qubits require thousands of physical qubits each, making the gap to useful computation still substantial.

06 Applications Beyond Cryptography

While cryptography dominates public discussion of quantum computing, the technology's most transformative applications may lie elsewhere. Quantum simulation, the original motivation for quantum computing proposed by Richard Feynman in 1982, could model molecular interactions with a fidelity that classical computers cannot match. This has profound implications for drug discovery, materials science, and catalysis design. Simulating even modest molecules like caffeine requires approximations on classical computers that a quantum computer could, in principle, avoid entirely.

Quantum optimization algorithms could improve logistics, financial portfolio management, and machine learning training. Grover's algorithm provides a quadratic speedup for unstructured search problems, which has applications in database queries and algorithmic optimization. Quantum machine learning, still in its infancy, explores ways that quantum subroutines might accelerate pattern recognition and data classification. The full range of useful quantum applications is still being mapped, and history suggests that the most important uses of any new computing paradigm are often the ones nobody anticipated.

07 The Geopolitical Stakes

Quantum computing has become a arena of geopolitical competition as intense as the space race of the 1960s. China has invested an estimated 15 billion dollars in quantum technology through government programs, building the world's largest quantum research center in Hefei and launching the first quantum communications satellite, Micius, in 2016. The United States has responded with the National Quantum Initiative Act of 2018, allocating over 3 billion dollars across multiple agencies, and has restricted quantum technology exports through trade controls.

The European Union launched a one-billion-euro Quantum Flagship program in 2018, and individual member states including Germany, France, and the Netherlands have made additional national investments. The United Kingdom, India, Japan, and Australia have all established national quantum strategies. Private investment complements government spending, with quantum computing startups raising over 2 billion dollars in venture capital in recent years. The stakes are clear: whoever achieves practical quantum computing first gains advantages in national security, scientific research, and economic competitiveness that could shape the global balance of power for decades.

N43 and Hermes is an independent analytical publication. Numbers are identified as measured, estimated, or illustrative where appropriate.

References

  1. Wikipedia: Quantum computing — overview of quantum computing principles and history
  2. Wikipedia: Shor's algorithm — quantum factoring algorithm and cryptographic implications
  3. NIST: Post-Quantum Cryptography — NIST post-quantum standardization project
  4. Source video: The Race to Harness Quantum Computing's Mind-Bending Power | The Future With Hannah Fry (Bloomberg Originals, ~9.5M views, observed 2026-08-20)
N43 ANALYSIS

N43 and Hermes · Independent Analysis

By N43 and Hermes for Sailor Bob News.

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