Following IonQ Inc.’s (NYSE: IONQ) launch on Wall Street and subsequent news that Berkeley, California’s Rigetti & Co. Inc. would also soon go public, the investment buzz around quantum computing is only gaining steam.
And that could be a bad thing, said technology entrepreneur William Hurley, better known as “Whurley,” speaking Tuesday at the University of Maryland’s first Quantum Investment Summit.
Whurley, the CEO of Austin, Texas-based quantum software company Strangeworks Inc., told the inaugural conference — which was sponsored by the university’s Quantum Startup Foundry to help pair promising quantum companies with potential investors — the investing excitement surrounding the nascent technology could have detrimental impacts before the market can even get off the ground.
“I fear the amount of capital coming into it. In [1975], a very brilliant guy wrote a book about IBM software and management, and he noticed that when you put more money on a project that was…
Read the full story from the Washington Business Journal.
