Quantum Computing Inc plans to introduce dynamism of Quantum computing to the masses – Proactive Investors UK

() is placing a gargantuan bet on the power of quantum computers to solve the most difficult and intractable problems in the fields of portfolio management, big data and artificial intelligence.

Staffed by experts in mathematics, quantum physics, supercomputing, financing and cryptography, the Leesburg, Virginia-based company is developing an array of applications to allow companies to exploit the power of quantum computing to their advantage.

Quantum computing holds the promise of performing complex calculations in seconds that would take the most advanced computers years to complete.

While the abilities of classical computers have made considerable progress, quantum computers are necessary to address the largest and most complex computational problems.

Were at the same stage in quantum computing today, says CEO Robert Liscouski. People generally understand what quantum computing can do, but they dont understand what its really going to do.

In market terms, an investment in quantum computing today is analogous to a sage and prescient bet on Microsoft or Amazon.com 20 years ago.

This new breed of supercomputer promises to dramatically improve computing power by storing information not in bits but in subatomic particles called quantum bits or qubits which have mighty capabilities.

Using qubits in so-called superpositions, a quantum computer can find answers to computational challenges in far fewer steps than a traditional computer would require.

Set up at the beginning of 2018, Quantum bills itself as the first publicly-traded pure-play quantum computing company.

Its team of computer scientists is designing the next wave of algorithms used by high-frequency traders at hedge funds to scour the market for arbitrage opportunities and competitive investment strategies. This area represents a $1 billion market opportunity by the companys estimates. In the works, for example, is an asset allocation system with algorithms that will run on quantum and digital annealers.

As well as the algorithms for Wall Street trading programs under development, Quantums programs are also set to be used for genetic research, and by pharmaceutical companies and governments.

The potential worldwide market for quantum computing is projected to be in excess of $10 billion by 2024, according to research.

Quantum Computing CEO Robert Liscouski expects the pre-profit company, which has a market cap of $15.4 million and a share price hovering at a little over $3, to be generating revenue by the end of 2020.

At the start of this year, Liscouski estimated that Quantum is about a third of the way towards raising its target of $15 million for the runway costs to fund its business.

In its most recent reported quarter ended in June, Quantums net loss deepened to $2 million due to an increase in stock-based compensation expenses, compared to a loss of $875,209 in the year-ago quarter.

But its management team said it is confident its financial position will improve.

Also on the agenda are partnerships with hedge funds and financial institutions as well as the licensing and commercial launch of finance and cryptography applications

Clearly, were in a position that as we demonstrate promise, we would be attractive to 'a Google,' Quantum Computing CEO Robert Liscouski has said. Im not suggesting thats our goal, but thats clearly how that works.

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Quantum Computing Inc plans to introduce dynamism of Quantum computing to the masses - Proactive Investors UK