October 5, 2026
I think if I had entered the quantum industry in the past three years, I would be marveling at the accelerating progress. But having been deeply involved in the industry for more than seven years, I have to confess to a little quantum “promise” fatigue.
Some of this has to do with the early claims that the commercial benefits of quantum were just around the corner - none of them turned out to be true. Fortunately, the industry pulled back on these unsupported claims when a short-seller with its own agenda attacked one quantum company’s claims with a brutal 100-page plus takedown. Much of the report was inaccurate or misleading, but the impact was felt throughout the industry anyway – executives started pulling back on promises of near-term quantum benefit.
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