In March 2022, half a year after the MoU was signed, QAL opened for business with plans to play a leading role in developing real-world quantum computer applications. Technology is accelerating hard, but at the same time, we want to be careful in making sure that we don’t oversell any promises to our clients. While quantum computing promises to speed-up, at times exponentially, many different computational problems, there are also many processes that will not benefit from quantum technology; it is not a be-all end-all solution. On top of that, we don’t know what the future holds in terms of technological advancements and when large-scale fault-tolerant quantum computers will be on the market.
At QAL we will focus on figuring out together with end-users which specific computational problems will benefit from quantum computing on devices that will be ready on the near term, such as quantum annealers and noisy intermediate-scale quantum devices. This way we can develop quantum applications that can provide quantum advantage on the near term. These applications will scale up in value as technology heads towards fault-tolerance.