Quantum Computing Will Be Bigger Than AI! What You Need To Know!
Summary
TLDRThe video script delves into the emerging realm of quantum computing, highlighting its potential to surpass AI's impact on markets and cryptos. It explains how quantum computers' qubits enable exponentially more computational power, posing risks to encryption and cybersecurity. While detailing the quantum race between the U.S. and China, the script emphasizes the urgency for companies and cryptos to adopt quantum-resistant technologies. It predicts a 'qay' event, where quantum computers crack encryption, triggering a scramble for quantum-proofing solutions, with cybersecurity firms and quantum-resistant cryptos poised to benefit immensely.
Takeaways
- 👾 The AI narrative has boosted stock markets and AI-related cryptocurrencies, but the next big thing seems to be quantum computing.
- 🔢 Regular computers use binary code (0s and 1s), while quantum computers use qubits that can be 0 and 1 simultaneously, making them exponentially more powerful.
- 🔐 Quantum computers pose a threat to encryption, potentially cracking codes used for emails, bank accounts, cryptocurrency wallets, and the internet itself.
- 🇨🇳 China has been leading the quantum computing race, with massive funding and advancements like quantum communication lines and stable, high-qubit quantum computers.
- 🇺🇸 The US and its allies have been lagging behind but are now increasing efforts and funding for quantum computing and quantum-resistant technologies.
- ⚠️ Experts predict that quantum computers may achieve the ability to break encryption (known as 'Q-day') as soon as 2025, or it may have already happened.
- 🛡️ Companies and institutions are scrambling to quantum-proof their encryption, with cybersecurity firms and quantum-resistant crypto projects likely to benefit.
- 💰 The quantum computing craze could be highly profitable, as every company and institution will need quantum-resistant technology urgently.
- 🌐 Quantum computing is not a competitor to regular computing but excels at complex mathematical calculations and models.
- 🔭 While a 'ChatGPT moment' for quantum computing may not look like ChatGPT, the craze will likely be reactive rather than proactive, driven by encryption breaches.
Q & A
What is the main topic discussed in the video script?
-The main topic discussed in the video script is quantum computing, its potential impact, and its comparison to the developments in the field of artificial intelligence (AI).
How do regular computers and quantum computers differ in terms of data processing?
-Regular computers operate on binary code, which consists of combinations of 1s and 0s. In contrast, quantum computers use qubits, which can represent both 1 and 0 simultaneously, allowing for exponentially more powerful computations.
Why is quantum computing considered important, particularly in the context of encryption and cybersecurity?
-Quantum computers have the potential to break many forms of encryption that secure digital technologies, including emails, phones, computers, bank accounts, and even cryptocurrencies. This makes quantum computing a significant threat to existing cybersecurity measures.
How does the script describe the current state of the quantum computing race between the United States and China?
-According to the script, China appears to be leading the quantum computing race, with more funding, collaboration, and advancements in developing stable and powerful quantum computers. The script suggests that the US is lagging behind due to factors like the competitive nature of its free market economy and lower funding compared to China.
What is the significance of the term 'Q-day' or 'Qay' mentioned in the script?
-The term 'Q-day' or 'Qay' refers to the day when a quantum computer officially cracks and breaks existing encryption methods. The script suggests that experts believe this could happen as soon as 2025, and some speculate that it may have already occurred.
What are the potential investment opportunities or areas that could benefit from the quantum computing craze, according to the script?
-The script suggests that cybersecurity companies and quantum-resistant cryptocurrency projects are likely to benefit the most from the quantum computing craze, as there will be a scramble to quantum-proof encryption and implement quantum-resistant technologies.
How does the script compare the potential impact of quantum computing to that of artificial intelligence (AI)?
-The script suggests that while the AI narrative has been dominating the market and capturing attention, quantum computing could potentially offer even bigger returns and have a more profound impact, as every company will need to implement quantum-resistant technologies once quantum computing becomes advanced enough to break encryption.
What is the purpose of mentioning Nancy Pelosi's alleged insider trading related to a cybersecurity company?
-The script mentions Nancy Pelosi's alleged insider trading involving call options on a cybersecurity company as an example of potential insider knowledge or speculation about the impending quantum computing craze and its implications for cybersecurity companies.
What is the significance of the script mentioning an 'off-the-radar small cap quantum-resistant cryptocurrency' reviewed for members?
-The script hints at an undisclosed quantum-resistant cryptocurrency project that was reviewed for members of the Coin Bureau Club, suggesting that such projects could potentially benefit from the quantum computing craze and the need for quantum-resistant cryptography.
What is the overall tone or message conveyed by the script regarding the quantum computing craze?
-The overall tone of the script is one of anticipation and urgency, suggesting that the quantum computing craze is imminent and will likely lead to a scramble for implementing quantum-resistant technologies across various industries, with significant investment opportunities and potential profits for those positioned in the right areas.
Outlines
🤖 Quantum Computing: The Next Big Narrative
This paragraph introduces the idea that while the AI narrative has been dominating the tech industry, the next big narrative appears to be Quantum Computing. It explains that Quantum Computing startups have been raising significant funds, and the industry is on the brink of a breakthrough moment similar to ChatGPT. The paragraph sets up the topic by stating that it will cover what Quantum Computing is, why it's important, and how it could offer even bigger returns than AI.
🧮 Understanding Quantum Computing
This paragraph delves into explaining how regular computers work with binary code and how quantum computers work with qubits (quantum bits). It highlights the key difference that qubits can represent both 1 and 0 simultaneously, making quantum computers exponentially more powerful than regular computers. The paragraph also discusses the challenges in building quantum computers due to the instability of qubits and provides an analogy comparing qubits to spinning plates. It clarifies that quantum computers are not direct competitors to regular computers but can excel at specific complex mathematical calculations and models.
🔐 Quantum Computing and Encryption
This paragraph discusses the importance of Quantum Computing in relation to encryption. It explains how quantum computers could potentially crack various forms of encryption used for securing digital technologies, including email, phones, computers, bank accounts, and even the internet itself. It also uses Bitcoin wallets as an example to illustrate how quantum computers could theoretically crack private keys by using public keys. The paragraph highlights the potential threat quantum computers pose to encryption and the efforts being made by various entities, including banks and governments, to develop quantum-resistant encryption and technologies.
🌐 The Quantum Computing Race
This paragraph focuses on the ongoing race between the US and China in the development of Quantum Computing technology. It provides a timeline of significant milestones achieved by both countries, such as China's establishment of quantum communication lines and the US achieving quantum supremacy. The paragraph discusses China's advancements in quantum computing, including its stable 176-qubit quantum computer, and the efforts of the US and its allies to catch up through increased funding and collaboration. It also mentions the potential consequences of quantum computers cracking encryption, known as Q-day or Qay.
📈 Profiting from the Quantum Computing Craze
This paragraph explores the potential impact and profitability of the Quantum Computing craze. It suggests that the craze is likely to come soon, not as an exciting retail application but as a reactive scramble to quantum-proof encryption. The paragraph predicts that cybersecurity companies and quantum-resistant cryptocurrency projects could benefit the most from this catalyst. It also mentions the possibility of a headline about a significant encryption breach by a quantum computer, which could trigger a frantic rush to implement quantum-resistant technologies. The paragraph encourages viewers to take advantage of the opportunities presented by the quantum computing craze.
Mindmap
Keywords
💡Quantum Computing
💡Cubits
💡Encryption
💡Q-day
💡Quantum Supremacy
💡Post-Quantum Cryptography
💡Quantum Race
💡Quantum Resistant Cryptocurrency
💡Cubit Stability
💡Quantum Computing R&D
Highlights
The AI narrative has taken stock market, indices and AI-related cryptos to new, all-time highs, leading to the question of what the next big narrative will be.
The answer seems to be Quantum Computing, as Quantum Computing startups have been raising hundreds of millions of dollars from VCs, and the industry is reportedly on the brink of a 'chat GPT moment'.
Regular computers run on binary code consisting of ones and zeros, while quantum computers consist of qubits that can be a one and a zero at the same time.
The amount of information that a quantum computer can produce grows exponentially with the number of qubits, making quantum computers exponentially more powerful.
Quantum computers are very difficult to build because qubits are inherently unstable and become even more unstable as their number increases.
Quantum computers are not competitors to regular computers, as there are only a small handful of functions that quantum computers can do better, such as very complex math calculations and models.
All digital technologies and processes are secured by code that could be cracked by a quantum computer, including emails, phones, computers, bank accounts, and even the internet itself.
Quantum computers could even crack a cryptocurrency wallet and steal all its coins and tokens, making it a hot topic in the crypto industry.
The day that a quantum computer officially cracks encryption is known as 'Q-day', and it is predicted to come as soon as 2025 by some Quantum Computing experts.
China and its allies have been advancing in Quantum Computing, while the US and its allies have been lagging for over a decade.
China is reportedly spending as much as $20 billion on Quantum Computing R&D every year, as part of its five-year Quantum Computing plan.
In 2022, Chinese companies reportedly began leveraging quantum computers as part of their operations, a terrifying prospect considering their ties to the Chinese Communist Party (CCP).
China's 176-qubit quantum computer is reportedly very stable, even more stable than IBM's 433-qubit quantum computer, due to the way stability is measured from the first qubit.
The quantum computing craze is likely to come soon, rather than later, but it will be reactive rather than proactive, as a scramble to quantum-proof encryption occurs.
Cybersecurity companies and quantum-resistant crypto projects are likely to profit the most from this catalyst, as companies will need to quickly quantum-proof their encryption.
Transcripts
the AI narrative has taken stock market
indices and AI related cryptos to new
all-time highs so this begs the question
of what the next big narrative is going
to be well the answer seems to be
Quantum Computing you see while everyone
has been focused on the AI narrative
Quantum Computing startups have been
raising hundreds of millions of dollars
from VCS and the industry is reportedly
on the brink of a chat GPT moment that's
why today we're going to tell you
everything you need to know about
Quantum Computing including what it is
why it's important and how it could
offer even bigger returns than AI will
stay
tuned okay so to understand what Quantum
Computing is you first need to
understand how regular computers work
every single computer runs on something
called binary code as the name in
implies binary code consists of two
numbers one and zero different
combinations of ones and zeros represent
different bits of information for
example 0 1
00001 represents the letter A the other
letters and their binary code
combinations can be seen here now
believe it or not but literally
everything a computer does all the
applications functions processes Etc are
fundamentally based on a very long and
complex combination of ones and zeros if
you want to see how that's even possible
then we strongly suggest watching videos
about the Redstone computers that people
have made in Minecraft basically the
game introduced items that can function
like ones and zeros and Minecraft nerds
managed to build literal in-game
computers from this primitive nerds eh
now whereas regular computers ultimately
consist of bits of ones and zeros
quantum computers consists of cubits
bits of information that can be a one
and a zero at the same time obviously
this is even more difficult to wrap your
head around and exactly how this is done
is outside the scope of this video that
said though the easiest way to
understand cubits is to comp compare
them to bits so suppose you have two
bits a one and a zero what you have is
two bits of information in total however
if you have two qits you have four bits
of information in total this is possible
because there are four possible
combinations of the one and the zero 1
one 0 0 0 1 and 1 0 put simply the
amount of information that a quantum
computer can produce grows exponentially
with the number of cubits in this case
it would take four 2bit computers to
create the same number of outputs as a 2
Cubit quantum computer this makes
quantum computers exponentially more
powerful so to put things into
perspective the most powerful quantum
computer consists of over 1,000 cubits a
threshold that was only surpassed last
late last year despite Quantum Computing
being around since the late '90s this
quantum computer can produce an amount
of information equal to one with
301 zeros behind it now as I just hinted
quantum computers are very difficult to
build this is because cubits are
inherently unstable and they become even
more unstable as you increase their
number one way to think about this is to
imagine each Cubit as a spinning plate
on a pole an appropriate analogy given
their nature for those unfamiliar with
plate spinning it's a popular circus act
which consists of well spinning a plate
at the top of a pole for the plate to
keep spinning you must move the pole
just right now imagine putting another
spinning plate on top of the first one
that's what building a quantum computer
is like apparently anyway it's important
to note that quantum computers are
technically not competitors to regular
computers that's because there are only
a small handful of functions that
quantum computers can do better than
their regular counterparts namely very
complex maths calculations and models
other functions like for instance
watching this YouTube video are not
something that a quantum computer could
do better if you don't understand why
this is look no further than the devices
that you use every day this video is
practically the same whether you watch
it on an old iPad or a brand new gaming
PC graphics not withstanding and by the
way however you're watching this video
if you're enjoying it so far then please
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life now if quantum computers aren't
really competitors to regular computers
you might be wondering why they're so
important and why the industry could
have more potential than AI one word
encryption All Digital Technologies and
processes are secured by code that could
be cracked by a quantum computer these
include your email your phone your
computer your bank account and even the
internet itself a quantum computer could
even crack a cryptocurrency wallet and
steal all its coins and tokens and this
is why it's been a Hot Topic in the
crypto industry for years albeit one
that fell off the radar until recently
in fact we can use Bitcoin as an example
of how a quantum computer could crack
into all the other forms of encryption
as a fun fact Bitcoin wallets use the
same kind of cryptography as emails the
kind in question is called public key
cryptography and it consists of two
things a private key and a public key
the public key of a Bitcoin wallet is
like your email address it's publicly
viewable and can be used to receive
emails or in this case receive BTC
the private key of a Bitcoin wallet
meanwhile is like the password for your
email address it's private and is
required in order to send emails or in
this case send BTC the key takeaway pun
very much intended is that the public
key effectively comes from the private
key in other words there is a link
between the two this means that it is
theoretically possible to get someone's
private Key by by using their public key
be it an email address or a Bitcoin
wallet address in the case of an email
address this would involve guessing all
the possible password combinations as
another fun fact the average password is
around 10 characters long the total
possible combinations of 10 character
passwords consisting of uppercase
letters lowercase letters numbers and
symbols is a number with 38 zeros in the
case of a Bitcoin wallet this would
likewise involve guessing all the
possible private key
combinations and the total possible
combinations of private keys on bitcoin
is a number with 78 zeros this means
that a quantum computer could crack your
email and your Bitcoin wallet without
breaking a sweat recall that the most
powerful one can process information up
to 301 Z now it goes without saying that
this is a very simplistic calculation it
would also be easier said than done
because quantum computers can only
operate for less than a second at a time
according to a 2022 paper the thing is
that Quantum Computing is evolving fast
as is the Potential Threat it poses
there have recently been reports of
multiple breakthroughs in the quantum
Computing industry related to everything
from more cubit to improved Cubit
stability in fact the world economic
Forum even noted Quantum Computing as
one of the biggest risks to watch in its
2024 Global risks report and that
reminds me if you've been keeping track
of our coverage of Central Bank digital
currencies you might recall that one of
the reasons why the US has been lagging
other countries on cbdcs is because it's
been working on making its digital
dollar Quantum resistant before it
launches and funnily enough JP Morgan
announced that it was working on a
Quantum resistant blockchain around the
same time I'll remind you that bank
accounts could also be cracked by a
quantum computer thankfully many of the
largest banks are making progress
towards Quantum proofing themselves and
if you're concerned about Bitcoin and
other cryptocurrencies well don't be
Quantum resistant in cryp for private
Keys could be easily introduced with a
soft fork in bitcoin's case and some
cryptocurrencies have already taken
steps towards Quantum resistance namely
algorand but back to the quantum
Computing developments besides all the
news about Quantum breakthroughs there's
been lots of news about Quantum related
funding Partnerships and protections
over the last year or so for starters
IBM Google and Microsoft formed a
postquantum coalition last September in
November a UK Quantum Computing company
announced that it had raised $100
million from Japan's SBI and earlier
this year JP Morgan led a $500 million
funding round into a us-based Quantum
Computing firm giving it a valuation of
over $5
billion that is AI level value ation and
what's interesting is that there
actually wasn't that much Quantum
related funding in 2023 it was 50% lower
in fact than usual and totaled around $2
billion a recent report revealed that
the crash in funding last year was due
to all the hype around Ai and it
predicted a significant recovery in
funding this year so far it looks like
this prediction is coming true but not
for the reasons that you'd think
just recently Apple announced that it
had made its iMessage feature Quantum
resistant the tech giant noted that this
was quote the most significant
cryptographic security upgrade in
iMessage history now I want you to take
a second to think about why Apple would
do this and while you're at it think
about why JP Morgan is suddenly
investing hundreds of millions of
dollars into Quantum security
and why big Tech Giants are starting to
form postquantum
coalitions logically they are concerned
about Quantum the real question
therefore is why now after all quantum
computers have been around for years and
the postquantum cryptography many of
these entities are implementing has
apparently been around since the
1980s well the answer is obvious when
you zoom out and look at Quantum
Computing through through a global lens
in short the US and its allies have been
lagging in Quantum Computing for over a
decade and can you guess who's been
advancing that's right China and its
allies in January last year China
reportedly managed to break Classical
encryption using its quantum computers
you know private Keys public keys this
seems to have been the Catalyst for the
sudden surge in Quantum Computing
interest from the US and its allies and
it looks like the funding is finally
starting to flow what's fascinating is
that the reason why the US is so behind
is believed to be due to the incentives
at play in free market economies as
we've seen with AI us companies are very
hesitant to share their secret source
with their
competitors in China however essentially
every company is affiliated with the
Chinese Communist party or CCP the
Practical outcome of this is forced
collaboration which is pushing China's
Quantum Computing industry ahead and
it's not just the environment either
it's also the money back in 2018 then US
president Donald Trump announced 1
billion dollar in funding for Quantum
Computing research and development the
year before however the CCP had spent no
less than $10 billion on Quantum
Computing R&D current estimates are that
China is spending as much as $20 billion
on Quantum Computing R&D every year this
increased funding is a part of the
five-year Quantum Computing plan
revealed back in
2021 and the craziest part of all this
funding is that it seems to be paying
off and the Quantum race is heating up
now from what we can tell it looks like
the quantum Computing race between the
US and China first started to heat up in
2017 this was when China announced that
it had established the first Quantum
communication line between Beijing and
Shanghai notably this communication line
is apparently impossible to hack in 2019
Google responded with its own update
noting it had achieved quote Quantum
Supremacy with its 54 Cubit quantum
computer it managed to find the solution
to a maths problem in 200 seconds that
it claims would have taken 10,000 years
for the most powerful regular computer
to solve two years later however China
solved the same maths problem using its
own quantum computer the difference was
that China's quantum computer did it 1
million times faster using a 66 Cubit
computer in between China had managed to
achieve Quantum communication via
satellites for the first time by the end
of 2021 China was using Quantum
resistant Satellite Communication to
protect its power grid from cyber
attacks the US power grid has since been
hit by multiple cyber attacks and there
has been speculation about the
possibility of a large scale Cyber
attack that would take down the entire
us grid on that note you should know
that the elites ran some Cyber attack
simulations not that long ago more about
those in the description I digress now
in 2022 Chinese companies reportedly
began leveraging quantum computers as
part of their own operations a
terrifying Prospect when you consider
their CCP ties less than a year later
there were reports of quantum computers
being made available for retail use
though these have been questioned last
year China revealed a
176 Cubit quantum computer as well as a
prototype for a
255 Cubit quantum computer that's
apparently still in the works now of
course this pales in comparison to the
over 1,000 Cubit quantum computer
revealed by a Californian company late
last year but there's one big caveat
you'll recall that cubits are inherently
unstable and they become even more
unstable as you add to their number
based on the information we could find
China's 176 Cubit quantum computer is
very stable even more stable in the 433
Cubit quantum computer developed by IBM
last year again this makes sense given
that IBM's computer has more cubits but
that's only half the story stability is
apparently measured from the first cubid
thereupon it's assessed how much more
unstable a quantum computer becomes with
each additional Cubit with two cubits
IBM's quantum computer has an error rate
of almost 4% conversely China's quantum
computer has an error rate of less than
1% with two cubits again it's safe to
say that this is an oversimplification
and I'll reiterate that we're not
Quantum Computing experts it's arguably
irrelevant however as both quantum
computers are more than capable of
cracking encryption as a fun fact the
day that a quantum computer officially
cracks encryption is known as qay and
Quantum Computing experts at least the
ones cited by Reuters believe it will
come as soon as
2025 some believe that qay has already
happened and that sensitive information
is already being leaked so this brings
me to the big question or rather two big
questions the first is when the quantum
Computing craze will come and the second
is how can you profit from it well I'll
start by saying that it's very unlikely
that Quantum computing's chat GPT moment
will look anything like chat GPT
assuming this moment does in fact come
this is again because quantum computers
are technically not competitors to
regular computers unless you're running
some Advanced mathematical models you
don't really need a quantum computer
this is presumably why there hasn't been
a push for retail quantum computers
though a few do exist what's more likely
to happen is that we're going to see a
headline in the coming months about how
a quantum computer managed to break the
encryption of a significant individual
or institution remember how experts are
are predicting this could happen as soon
as
2025 well it will probably be sooner
this is again because the pace of
quantum computer development has been
increasing faster than expected much
like AI this can again be seen by
looking at how Quantum Computing has
changed in the context of crypto back in
2019 it was estimated that it would take
20 to 30 years to crack a crypto wallet
by 2022 however these decades were
shortened to years and the more recent
developments seem to have shortened this
timeline even more when you combine this
with the fact that Tech giants like
apple are suddenly postquantum proofing
their Tech it certainly suggests that
qay is around the corner and this gives
two big answers to those two big
questions the first is that the quantum
Computing craze is likely to come soon
rather than later but it will be
reactive rather than proactive put
differently it won't be some exciting
retail application like chat GPT it will
instead be a scramble to Quantum proof
encryption and this ties into the second
answer and that's that cyber security
companies will likely profit the most
from this Catalyst if it occurs as it so
happens alleged Insider Trader Nancy
Pelosi recently purchased call option on
a cyber security company after Congress
was briefed on a potential national
security threat H probably nothing in
our estimation though it's possible that
Quantum resistant crypto projects will
benefit even more that's because once we
do get a headline about some bigwigs
encryption being broken you can bet that
the scramble to Quantum proof
cryptocurrencies will be even more
frantic than in The Wider economy and
and because cryptocurrencies can move
faster than regular companies can it's
likely that we'll get news of quantum
resistant Tech being rolled out much
faster in the crypto Market than in the
stock market as I mentioned earlier
there are already a few Quantum
resistant cryptos out there but the list
isn't long more importantly the lists
that currently exist don't actually seem
to include all the quantum resistant
cryptos that are available and it so
happens we recently reviewed an off- the
radar small cap Quantum resistant
cryptocurrency for our coin Bureau club
members and you can find out more about
that in the description now I can't
stress enough just how profitable the
quantum craze could be whereas most
companies can optimize their operations
with AI in the future every single
company is going to need Quantum
proofing the moment qay comes and they
will need it right away not in a few
months or years time so any companies or
crypto projects offering Quantum
resistant technology could go vertical
as a result although there is no
guarantee that qay will come anytime
soon I think we can all agree that the
conditions are there for it to happen
sooner rather than later let's just hope
we aren't affected
directly and that's all for today's
video folks so if you learned something
new smash that like button to let us
know if you want to keep learning be
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ping that notification Bell and if you
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much for watching and I'll see you in
the next one this is Guy logging
[Music]
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