In the realm of rapidly evolving technology, AI has emerged as the leading force driving innovation globally. Countries around the world have invested heavily in AI, with the likes of Nvidia, Microsoft, and OpenAI propelling the United States to the forefront of this sector. China, closely trailing, signifies intense competition in the field. Catching up, Europe is now set on positioning itself as a leader in quantum computing by 2030.
The European Commission has launched its aptly named Quantum Europe Strategy, targeting significant improvements in five key areas: research and development, quantum infrastructures, a stronger quantum ecosystem, dual-use quantum technologies, and quantum skill development. A PDF factsheet has been made available for those seeking a more visual overview of these goals.
Realizing such ambitious objectives will undoubtedly require substantial funding. The Commission aims to increase the share of global private investment flowing to European quantum firms, up from a mere 5%, to stimulate the growth of local startups and encourage the adoption of European quantum solutions in various industries.
By 2040, the quantum technology sector—particularly areas connected to defense and security—is projected to surge past €155 billion in global value. Although this figure sounds substantial, it pales in comparison to the funding allocated to AI, making it evident that there is much work to be done.
Despite decades of research, quantum computing is still not utilized on the scale of traditional computing. Some skeptics argue that quantum technology remains largely experimental, especially since it hasn’t received the same financial support as AI over the last few years.
The European Commission’s strategy is a hopeful sign that concerted efforts from academic institutions and private firms will soon yield functional quantum computers pivotal for advancements in medicine, space research, and security applications.
Looking ahead, the European Commission plans to propose a Quantum Act next year. This initiative is designed to encourage investment from member states, companies, and researchers in large-scale production facilities, thereby supporting EU-wide national or regional endeavors.
Whether this plan will ultimately position Europe as the global leader in quantum computing within five years remains to be seen. However, it signifies a critical step in solidifying the continent’s ambitions and outlining a path forward for quantum technology.
