Quantum Computing Swindle

The previous post gave expression of a Quantum Hype Bubble About to Burst. We may compare with the hype of the 2022 Nobel Prize in Physics:

• The ineffable effects of quantum mechanics are starting to find applications. There is now a large field of research that includes quantum computers, quantum networks and secure quantum encrypted communication.
• It has become increasingly clear that a new kind of quantum technology is emerging.
• The fundamentals of quantum mechanics are not just a theoretical or philosophical issue. Intense research and development are underway to utilise the special properties of individual particle systems to construct quantum computers, improve measurements, build quantum networks and establish secure quantum encrypted communication.
• This year’s laureates have explored these entangled quantum states, and their experiments laid the foundation of the revolution currently underway in quantum technology.
• Being able to manipulate and manage quantum states and all their layers of properties gives us access to tools with unexpected potential. This is the basis for quantum computation, the transfer and storage of quantum information, and algorithms for quantum encryption.

We note that "ineffable" means too great or extreme to be expressed or described in words!!

The Physics Nobel Prize Committee is joined by Knut and Alice Wallenberg Foundation as the major Swedish private funding agency of research with a $100 million donation to Wallenberg Centre for Quantum Technology at Chalmers (my Alma Mater) based on the following hype:

• Through an extensive research programme, we aim at developing and securing Swedish expertise within the main areas of quantum technology: quantum computing and simulation, quantum communications and quantum sensing. Our main project is to develop a high-end quantum computer that can solve problems far beyond the reach of the best conventional supercomputers.

We see that Sweden has been totally carried away by the hype into seeking to take a leading role in finally liberating the ineffable potential of quantum mechanics after 100 years of hibernation. But a hype is a hype is a hype... 

Knut Wallenberg (1853-1938) was a clever Swedish banker who earned a fortune, which he locked into a fund for science to secure that it was not going be swindled away by less clever inheritors, apparently under the impression that science in his time could not be swindle. 

More on swindle (for investors): 

• Dyakonov The Case Against Quantum Computing
• Hoofnagel and Garfinkel Law and Policy for the Quantum Age
• Galitsky Quantum Computing Hype is Bad for Science