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The big Huang theory: were the Nvidia CEO’s quantum comments wrong?

Nvidia CEO Jensen Huang, sporting a Tom Ford shiny black leather jacket, rattled the financial markets and tech commentators last week with his claim that very useful quantum computers are 15 to 30 years away. Speaking at CES 2025 in Las Vegas, Huang praised the potential of quantum computing but emphasised the significant challenges in scaling the technology to practical, fault-tolerant systems.

While many in the quantum community agree with Huang’s realism, others believe his timeline overlooks the substantial advancements already being made in the field. Industry leaders, academics and analysts have provided valuable context to Huang’s remarks, highlighting both the long-term challenges and the near-term opportunities.

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Dave Grimm at AlbionVC talks about the shifting sands of deep tech investing

“Last year was a difficult year for generalist VCs, but deep tech didn’t really suffer the same slowdown,” says Dave Grimm, partner at London-based AlbionVC, which in August last year entered into a £13m Series A investment round for University of Bristol and UCL quantum start-up Phasecraft. “There’s certainly a lot more optimism for 2024.”

For Grimm, a seasoned analyst and investor in quantum computing, cleantech, machine learning, and data analytics technologies, there’s still a way to go for UK start-up hubs to reach the levels of their US counterparts. That said, he admits there is a lot more deep tech cash in the UK market today and much of that is focused on university spin-outs, where he expects to see even more activity this year.

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