This Is How the Next 50-Year Tech Boom Starts
Moore’s Law is perhaps one of the most important theories we’ve seen over the last 50 years in technology.
It’s been a guiding principle for the speed of development in computing and microprocessor technology. Its origins can be traced back to the late 60s when Gordon Moore and Robert Noyce founded Intel.
Intel is credited with leading the development of the 4004, the world’s first real microprocessor which launched in 1971. The 4004 is considered to be a world-defining moment as the birth of the microprocessor.
In the years that followed, we found technology — driven by microprocessor technology — pressed forward at an incredible rate.
The capacity and capability of computers went into overdrive. Then computers became personal computers. Then we had computers connecting to each other…intranets, networks, the internet and the World Wide Web.
Not long after we had mobile internet, ‘apps’, smartphones, ‘smart devices’, personalised medicine. And today we press forward to supercomputing in the palm of your hand, cryptocurrencies and decentralised networks, autonomous machines and robotics, artificial intelligence…
The list of modern technological marvels that you can trace back to the birth of the microprocessor is astronomical.
Now think about the wealth that tiny little technological marvel enabled. To say the birth of the microprocessor is possibly the most important wealth creation event we’ve seen in 100 years, I’d say is an understatement.
It’s also fair to think that we might not see another moment like that for another 100 years. After all, these kinds of mega-wealth creation events don’t just roll around once every couple of years. Not ones that big and that important.
But what if I were to tell you that every technological marvel today is about to get supercharged? And that what’s about to come is set to spark another mega-tech-boom the likes of which will make the last 50 years look relatively paltry.
Google AI scientists think quantum supremacy is not far off
Throw the words quantum computing out there to the masses and you get a mixture of responses. Some people have no idea what it’s about. Some have heard it mentioned in the news. And occasionally you get someone as excited as us about what it really means for the world.
But almost every time you get the same response about when quantum computing is going to hit the world, full on.
The usual assumption is it’s still three, five, even 10 years away from really making a commercial impact on the world.
In other words, it’s always out there in the future.
But remember Gordon Moore talking about the microprocessor from yesterday’s Money Morning?
‘People had talked about a computer on a chip for years…
‘…but it was always out there in the future. What Ted [Hoff] saw was that, with the complexity with which we were already working, you could actually make an integrated circuit like that now. That was the real conceptual breakthrough.’
The same thing is happening today, except for quantum processors.
But what evidence is there to wind that future into today? After all, just saying it’s coming sooner than you think is one thing, but where’s the proof?
An article in Quanta Magazine explains:
‘…quantum computers are gaining computational power relative to classical ones at a “doubly exponential” rate — a staggeringly fast clip.
‘With double exponential growth, “it looks like nothing is happening, nothing is happening, and then whoops, suddenly you’re in a different world.’
Now this is all according to work being done by scientists and researchers at Google AI.
Their drive is to achieve what’s known as ‘quantum supremacy’. This is a milestone of a quantum computer calculating something that cannot be done in a reasonable amount of time on what they now call ‘classical computers’.
That means the world’s most powerful supercomputer won’t be able to make the calculation. Only a quantum computer can. That ‘quantum supremacy’ to many is years away still. But the Google AI scientists beg to differ.
In fact, according to the progress they’re making with their quantum processors:
‘We often say we think we will achieve [quantum supremacy] in 2019.
‘The writing is on the wall.’
What does quantum computing mean for investors?
If we were to take Google’s scientists on face value then we could be just months away from a world-defining moment. A moment on the same scale as the birth of the microprocessor.
This would be the birth of quantum processor.
And if that happens, then buckle up folks, because we’ll be at the cusp of a tech boom magnitudes larger than what you’ve seen over the last 50 years.
Quantum processing has the potential to exponentially improve everything from networking and communications to healthcare and medicine, robotics, automation, artificial intelligence, cyber security, consumer devices, connected cities, drug testing, simulations, engineering, mapping of the human brain, banking and finance, energy development like fusion power…the internet.
Every industry on Earth gets supercharged when you apply the potential of quantum processing into the mix. We will see new industry, new job creation, and new wealth creation on a gigantic scale.
The importance and the gravity of what quantum computing brings cannot be understated. And for investors, it means you should be primed, right now, ready to capitalise on the areas of industry that are set to profit from this event first.
If Intel was the birthplace of the microprocessor, but the likes of IBM, Microsoft, and Apple were all beneficiaries of the technology, then what comes from quantum processing?
Google might be the birthplace of quantum processing. But which companies are the next IBMs, Microsofts and Apples that will benefit next? We’ve got a few ideas and as we progress towards ‘quantum supremacy’, you’ll be the first to find out.
Editor, Money Morning
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