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Industry

NEC halts quantum computer hardware development as commercialisation remains distant

NEC has stopped development of a working quantum computer, Japanese media reported, citing a decision to halt hardware work at the end of March. The company was said to have concluded that commercialisation remains too far off and that continuing hardware development would not be cost-effective given unresolved technical challenges and the lack of a settled approach. NEC is expected to focus on quantum computing technology development and related services rather than competing in hardware.

AI & Enterprise

UBS says next tech race is quantum computing, led by IBM, Microsoft and Google

UBS said quantum computing could define the next chapter of the technology sector, with the biggest impact expected in molecular simulation, optimisation and AI, and cryptography. UBS named IBM, Alphabet and Microsoft as leaders in practical quantum systems, while pure-play firms such as IonQ show sharp swings. UBS expects commercialisation in the 2030s and estimated quantum systems could match massive GPU-scale computing at costs in the tens of millions of dollars.