Bank of America
Quantum Computing Fundamentals and Applications
Pages
10
Time to read
27 mins
Publication
Language
English
Pages
10
Time to read
27 mins
Publication
Language
English
This document is a technical report that outlines the fundamentals and potential applications of quantum computing. It begins by explaining the revolutionary nature of quantum computing, which can perform calculations in seconds that would take classical computers billions of years. The report discusses the evolution of quantum computing, starting from theoretical concepts proposed by Richard Feynman and Yuri Manin in the 1980s, to the practical challenges faced in building quantum hardware. Key concepts such as superposition and entanglement are detailed, illustrating how quantum bits (qubits) operate differently from classical bits. The document also describes the quantum computing process in six steps, from engineering qubits to measurement. Furthermore, it addresses the current challenges in achieving quantum advantage, including issues related to noise and performance. The report concludes by highlighting the potential for quantum computing to improve energy efficiency, particularly as global electricity demand continues to rise.