Investopia 2023: Quantum computing investment is the new economy next 2 years

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Investopia 2023: Quantum computing investment is the new economy next 2 years
From the session

In a session titled “Quantum Leap: Transforming Industry Through Quantum Computing & AI” at the Investopia Conference 2023, thought leaders and entrepreneurs from around the world discussed the opportunities presented by AI and Quantum Computing to optimize efficiency and growth in all walks of life.

The discussion was led by Jan Goetz, CEO and co-Founder of IQM Quantum Computers, Joanna Shields, CEO of BenevolentAI and Herman Narula, CEO & Co-Founder of Improbable.

The speakers presented their thoughts on integrating technology into every aspect of work to create opportunities and resolve shared problems. They explored different elements of AI, Quantum Computing, and the Metaverse, and their game changing potential to ensure purposeful jobs and contributions to society on a whole.

In the context of the new economic formations resulting from the tremendous technical developments, investment in quantum computing tends to be the new economy during the next two years.

Read: Investopia 2023 discusses the Future of aviation and space tourism

In this context, Jan Goetz, CEO and Co-Founder of IQM Quantum Computers, emphasized on the power of quantum technology in the application of AI, allowing for faster problem solving. He explained that quantum allows you to solve problems exponentially faster: “if you want to simulate a molecule and you use a normal computer, it takes millions of years, but with quantum, it will solve this problem in days or minutes. We find this problem in all industries. In the class of optimization and supply chain problems, quantum is a disruptive tech that can solve some of these issues.”

He also noted that we are at the beginning of the development of this emerging technology, and there are vast opportunities for building the industry together. As technology disrupts every industry, it is important to create opportunities for people to maintain their fulfillment. For example, the Metaverse has the potential to provide new opportunities in the education sector, and that the creation of virtual experiences goes beyond video games and can serve a purpose. Finally, he underlined the need to thoroughly understand the type and kind of skills and infrastructure we need as an industry to prepare for this dynamic future.

Joanna Shields, CEO of BenevolentAI, highlighted the increasing use and mainstream understanding of general-purpose language models, such as ChatGPT, and the potential ethical challenges associated with AI. She emphasizes the exciting development of large language models for specific purposes, such as deciphering complex diseases, and the ability to ingest data from multiple sources to aid decision making. From an investment perspective, she noted the real-world impact of this technology. However, she stressed upon the importance of a multi-stakeholder approach and engaging with organizations and experts to generate awareness of ethical AI. Shields also discussed the need for the technology to be in the hands of thousands of scientists to better understand disease biology and have a broader impact on society.

Herman Narula, CEO & Co-Founder of Improbable, put the spotlight on the potential of the Metaverse and its applications in various industries such as sports, music, gaming, and defence. He emphasized the importance of making the virtual world meaningful and creating new opportunities for people as there will be a shift in the way we work and operate. He argued that the idea of Singularity AI being perfect at every problem is a misguided notion, and instead, we are likely to see many specialized AI models for different purposes. However, he suggested that AI is already smarter than humans in some areas.

Investopia Conference 2023 focused on the theme “Envisioning Opportunities in Times of Change” and three sub-themes: Envisioning Opportunities in Today’s Economy, The Future of the Wealth of Nations, and Growth Opportunities in Times of Decarbonization.  The conference this year included 35 sessions and roundtables, and brought together more than 2000 participants like investors, government officials, thought leaders, and entrepreneurs, from more than 40 countries.

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