If there's one industry that could have a breakout year in 2022, it's quantum computing, the next phase of computational power that will, in theory, take everything up a level.
This momentum could be kickstarted sooner than expected as Alphabet is reportedly planning on spinning out its quantum division, Sandbox@Alphabet. Business Insider (opens in new tab) reports that the secretive division, started by Google cofounder Sergei Brin, will be spun off and led by current boss Jack Hidary.
According to the report, Hidary has submitted filing to create a new company, SB Technologies, and there is a website, sandboxquantum.com, although it contains very little information at the time of writing.
The exact purpose of spinning out Sandbox remains unclear, but it likely would make raising funding and hiring easier, alongside other operational advantages.
Alphabet has so far declined to comment on the report.
The mechanics are very complex but in short, quantum computing represents a shift away from the binary states that define current computer processing. A quantum bit, or qubit, can represent a one and a zero at the same time; combined, these qubits could perform computations at extraordinary and unimaginable speeds.
The technology is likely many years away from widespread usage, but some companies are beginning to offer quantum technology to clients. For example, Quantinuum recently began offering (opens in new tab) quantum-generated cryptographic keys.
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