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    Commercial Viability in Quantum Computing

    • ICM
    • Apr 9
    • 2 min read

    Updated: 7 days ago

    ICM’s recent whitepaper on the economics of quantum computing argues that most approaches to building a quantum computer are likely to be too expensive and impractical for end-users. While much of the current discourse in this space centres on the scientific feasibility and engineering hurdles of different approaches, ICM sees commercial viability as the most important litmus test for any quantum computing company. After all, it’s not enough to simply build a quantum computer—if it’s too costly or unwieldy to deploy in real-world industry settings, its impact will be limited. The unit economics at scale must make sense.


    Commerciality also offers a more accessible lenses through which to assess the field—it doesn’t require a background in quantum physics or advanced engineering, just a grounded view of business fundamentals.

    Table Source: Excerpt from the ICM Whitepaper - Estimates of the Run Cost of different Quantum Computers
    Table Source: Excerpt from the ICM Whitepaper - Estimates of the Run Cost of different Quantum Computers

    The field has made consistent progress over the last ten years, punctuated by the recent announcements by majors like Google (with its Willow chip) and Microsoft (with its Majorana 1 chip) which has brought quantum computing well into the public view. It’s heartening to see the genuine progress in a field that promises to have a large impact on the world. That said, ICM shows that it is necessary for companies to have a pathway to commercial viability.


    This is a point in time analysis made with publicly available information and best estimates. Ultimately, it is a framework for assessing quantum computing companies not just as scientific projects, but as commercial endeavours.





    The information in this article should not be considered an offer or solicitation to deal in ICM HPQC Fund (Registration number T22VC0112B-SF003) (the “Sub-fund”) . The information is provided on a general basis for informational purposes only and is not to be relied upon as investment, legal, tax, or other advice. It does not take into account the investment objectives, financial situation, or particular needs of any specific investor. The information presented has been obtained from sources believed to be reliable, but no representation or warranty is given or may be implied that it is accurate or complete. The Investment Manager reserves the right to amend the information contained herein at any time, without notice. Investments in the Sub-fund are subject to investment risks, including the possible loss of the principal amount invested. The value of investments and the income derived therefrom may fall or rise. Past performance is not indicative of future performance. Investors should seek relevant professional advice before making any investment decision. This document is intended solely for institutional investors and accredited investors as defined under the Securities and Futures Act (Cap. 289) of Singapore. This document has not been reviewed by the Monetary Authority of Singapore.


    ICM HPQC Fund a registered Sub-Fund of the ICMGF VCC (the VCC), a variable capital company incorporated in the Republic of Singapore. The assets and liabilities of ICM HPQC Fund are segregated from other Sub-Funds of the VCC, in accordance with Section 29 of the VCC Act. 

     
     
     

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