University of Kwazulu-Natal

Jensen Huang Just Flipped On Quantum Computing Medium

Bonisiwe Shabane
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jensen huang just flipped on quantum computing medium

D-Wave Quantum CEO Alan Baratz said Nvidia’s Jensen Huang is “dead wrong” about quantum computing after comments from the head of the chip giant spooked Wall Street on Wednesday. Huang was asked on Tuesday about Nvidia’s strategy for quantum computing. He said Nvidia could make conventional chips that are needed alongside quantum computing chips, but that those computers would need 1 million times the number of quantum processing units, called qubits, than they currently... Getting “very useful quantum computers” to market could take 15 to 30 years, Huang told analysts. Huang’s remarks sent stocks in the nascent industry slumping, with D-Wave plunging 36% on Wednesday. “The reason he’s wrong is that we at D-Wave are commercial today,” Baratz told CNBC’s Deidre Bosa on “The Exchange.” Baratz said companies including Mastercard and Japan’s NTT Docomo “are using our quantum computers...

Nvidia CEO Jensen Huang apologized for comments he made earlier this year that caused stock prices of quantum computing companies to plunge. During a panel meeting at Nvidia’s GTC conference, Huang said he was “wrong” in suggesting that quantum computers would not be useful for 15 to 30 years. Share prices for IonQ and D-Wave suffered major drops after his first statement in January before losing more than 40% value from their stock. According to Huang, his initial comment relied on his background of constructing old-fashioned computer systems that necessitate decades to bring to life. However, he invited leaders from quantum companies like PsiQuantum and D-Wave to discuss why his timeline was off. “They can explain why I was wrong,” Huang said, calling the panel the “first event where a CEO invites guests to prove him wrong.”

The discussion focused on challenges in quantum computing, such as fixing errors caused by the unstable nature of quantum particles. Companies argued that progress is faster than Huang assumed, with some aiming to build practical quantum systems within years, not decades. Huang’s New Idea Call It a “Quantum Instrument” Even while apologizing, Huang questioned whether labeling these systems as “quantum computers” sets unfair expectations. He suggested calling them “quantum instruments” instead, as they solve specific scientific problems rather than handling everyday tasks like spreadsheets. Nvidia (NVDA) chief executive Jensen Huang apologized for tanking quantum computing stocks earlier this year when he said the technology’s usefulness is still decades away — but one analyst says he’s actually right.

During a Quantum Day session at the company’s annual GTC developer conference, Huang said he didn’t know there were publicly traded quantum computing companies when he made comments in January that led the stocks... “My first reaction was, I didn’t know they were public,” Huang said in remarks reported by Bloomberg. “How can a quantum company be public?” Huang said the event, which included executives from several quantum firms as well as Amazon (AMZN) and Microsoft (MSFT), was the first “in history where a company CEO invites all of the guests to... He added that “quantum computing has the potential and all of our hopes that it will deliver extraordinary impact,” but that “the technology is insanely complicated.” Despite the damage control, Huang “was right and all he did in January was point out the obvious fact that quantum computing is very unlikely to be a major economic force for another 15...

At GTC 2025 in San Jose, Calif. today (Mar. 20), Nvidia hosted its first ever Quantum Day, an event to explore how quantum technology could impact industries. It featured a panel discussion led by CEO Jensen Huang, alongside executives from leading quantum computing companies like Atom Computing, D-Wave, Infleqtion, QuEra, IonQ, Pasqal and Quantinuum. Huang took the stage to clarify his statement in January that practical quantum computers were still 15 to 30 years away—which caused the stock prices of several quantum computing companies to plummet. By clicking submit, you agree to our <a href="http://observermedia.com/terms">terms of service</a> and acknowledge we may use your information to send you emails, product samples, and promotions on this website and other properties.

You can opt out anytime. “I said it will take years to achieve was always because of the sheer complexity of the technology. When stocks went down, I didn’t even realize these companies were public,” said Jensen. “Today, I am here to invite every quantum company CEO to prove me wrong. This panel is a therapy session for me,” he added jokingly. But more importantly, Huang announced that Nvidia is investing in a new Boston-based research facility to accelerate quantum computing innovations.

The Nvidia Accelerated Quantum Research Center (NVAQC) will focus on integrating A.I. supercomputing with quantum systems, particularly emphasizing quantum error correction—a critical hurdle in making quantum computing practical. The new center will collaborate with Harvard’s Quantum Initiative and MIT’s Engineering Quantum Systems group and quantum companies including Quantinuum, Quantum Machines and QuEra Computing. Huang first welcomed Alan Baratz, CEO of D-Wave, with a smile and a handshake. During the panel discussion, Baratz pointed to scientific applications where quantum computing is already playing a vital role. “There are problems in the world today that classical computing, or even A.I.

alone, can’t solve,” said Baratz. “Think about accurate weather forecasting or drug discovery. Quantum computing can also help A.I. models become more power-efficient.” Nvidia Corp. (NASDAQ:NVDA) CEO, Jensen Huang admitted his comments about quantum computing developments in January, which led to a decline in quantum computing stocks were wrong.

He discussed the developments in the field with the leaders of these companies during the GTC AI Conference on Thursday. What Happened: Huang’s statements in January pulled the shares of quantum computing companies down, with some experiencing losses exceeding 40%. During CES 2025, Huang stated that practical quantum computing is likely two decades away. Nvidia set a timeline of 15 to 30 years for "very useful" quantum computers, with a consensus within the company leaning towards a 20-year horizon. During GTC on Thursday, he said, "My first reaction was, I didn't know they were public! How could a quantum computer company be public?" he said.

Huang said "They can explain why I was wrong," pointing toward the panel of speakers that he had invited from firms like PsiQuantum, D-Wave Quantum Inc., and IonQ Inc. Huang said quantum has "potential" weeks after negativity tanked stocks When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Nvidia CEO Jensen Huang has stepped back from his prediction that practical quantum computing applications are decades away following comments that sent stocks spiraling in January. At Nvidia GTC’s "Quantum Day" event, Huang took a conciliatory tone to the quantum industry, comparing quantum to the GPUs made by Nvidia, noting the latter took plenty of time to make an impact.

"This is the first event in history where a company CEO invites all of the guests to explain why he was wrong," Huang said, according to CNBC, while opening an event that had a... Nvidia CEO Jensen Huang is growing more bullish about quantum computing — and he expects they'll start solving real-world problems in the coming years. "Quantum computing is reaching an inflection point," Jensen declared during his keynote speech at Nvidia's GTC Paris developer conference Wednesday. Quantum computers are machines that use the laws of quantum mechanics to solve problems too complex for classical computers, which store information in bits (ones and zeroes). Quantum computers use quantum bits, or "qubits," which can be zero, one or something in between — the aim being to process much larger volumes of data to facilitate breakthroughs in areas like medicine,... Quantum has been a buzzy space for investors with the rise of several popular stocks, such as Rigetti Computing and IonQ, which on Monday acquired Oxford Ionics for $1.1 billion.

Shares of Rigetti and IonQ were up 4.5% and 3.7% respectively in U.S. premarket trading.

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