Everyone is fixated on China these days.
And it’s not hyperbole to suggest that under President Xi’s guidance, the Middle Kingdom has become a larger threat to the United States than Russia.
It’s truly a villainous mantle that the media have placed on China lately, and in many regards, they’re not wrong.
Nowhere is this bitter competition between global powers more jarring than the race for better technology.
In recent months, we’ve talked about how China is making huge transitions away from coal by developing advanced nuclear technology and that the country is dominating the U.S. when it comes to the adoption of electric vehicles.
Last week, we even talked about how China is pushing the envelope even further and gunning for total quantum supremacy.
The way things are going right now, you wouldn’t be wrong to ask if we’ve already lost this war.
The Race for the Quantum Advantage
What would it take to push China so far ahead of the U.S. that it would strike fear into the heart of every politician on Capitol Hill?
Simply put, achieving a quantum advantage would mean that China would have built a quantum computer so powerful that it could solve problems far out of reach for traditional computers.
You might laugh, especially given the extraordinary power that today’s computers hold compared with the days when the world’s fastest supercomputers were the size of entire rooms.
That laugh would immediately die on your lips, though, because China unveiled a 66-qubit quantum supercomputer called Zuchongzhi last summer.
That, along with a second quantum computer called Jiuzhang — which is the first photonic quantum computer to attain quantum supremacy — would immediately turn your mirth to despair.
But there’s one big catch in this quantum tech race: We’re not just up against China.
As my colleague Luke Sweeney aptly put it two days ago, we can’t let Big Tech get its hands on this technology.
Unfortunately, it already has.
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The Secret Behind IBM’s Project Eagle
Whoever said you can’t teach an old dog new tricks was dead wrong.
In the tech realm, it’s hard to find a more grizzled veteran than International Business Machines Corporation, or, more familiarly, IBM.
Commanding a market cap of over $100 billion, few tech companies can boast of having a more distinguished impact on the evolution of computers. The company can trace its roots all the way back 110 years ago in Endicott, New York.
But in this sense, age and experience are clear-cut advantages.
You see, IBM has reportedly developed its “Eagle” computing chip that blows China’s dreams for quantum supremacy out of the water… for now. In fact, the Eagle chip has 127-qubits, which the company believes will be the first of its kind with over 100 qubits.
For the record, that’s more than double what China’s two quantum computers are boasting today.
But again, this is just the beginning.
IBM has plans to develop a 433-qubit and a 1,121-qubit processor within the next two years!
Of course, we know that IBM is one of the biggest players in the tech game today. So you have to really question how much of a secret these quantum ambitions are to the market.
It’s like wondering whether or not Exxon will drill for oil.
You know just as well as I do that individual investors rarely have an advantage over the massive firms on Wall Street when it comes to tech giants like IBM.
But what if I were to show you a quantum computing stock that is not only off Wall Street’s radar but is trading with a market cap 21 times smaller than IBM’s?
That’s enough to pique any investor’s interest.
Enough talk, though… Let me show you.
Until next time, Keith Kohl A true insider in the technology and energy
markets, Keith’s research has helped everyday investors capitalize from the rapid adoption of new
technology trends and energy transitions. Keith connects with hundreds of thousands of readers as the
Managing Editor of Energy & Capital, as well as the
investment director of Angel Publishing’s
Energy Investor and Technology and
Opportunity. For nearly two decades, Keith has been providing in-depth coverage of the hottest
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