From CNET: If you've been paying attention to quantum computing, you'll have seen familiar names -- IBM, Google, Microsoft, Intel and Amazon -- trying to bring about this revolution. Now a name from computing's distant past wants a turn.
Honeywell, which once sold massive mainframes but withdrew from the business decades ago, said Tuesday that it expects to improve the performance of its quantum computers by a factor of 10 every year for each of the next five years -- meaning they'd be 100,000 times faster in 2025. That would blow past IBM, which has a more modest goal of doubling its performance annually.
"We are at the cusp of releasing the world's most powerful quantum computer," said Tony Uttley, president of Honeywell Quantum Solutions, adding that the machine will have double the capability of IBM's 53-qubit quantum computer.
It's still unclear how useful Honeywell's new machines will be, but companies and countries are pouring billions of dollars into quantum computing research and development. They're betting the quantum computing revolution will pay off by opening up new abilities in chemistry, shipping, materials design, finance, artificial intelligence and more. Whoever can first build and use practical quantum computers stands to reap major rewards with new products, more competitive services, plumper profits and perhaps a more powerful military.
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