Arizona Technology Council: Virtual Tech Speaker Series – The Emerging Quantum Computing Market – a View Through Worldwide Patent Filings

The Arizona Technology Council invites you to join our upcoming Virtual Tech Speaker Series: The Emerging Quantum Computing Market – a View Through Worldwide Patent Filings on Tuesday, June 24 from 3:30-5:00pm. Quantum Computing holds immense promise to exponentially boost computing performance and transform a wide range of fields, such as cryptography, drug discovery, material science, financial services, and AI. Speculation about quantum tech being the next big thing has been building for years, though no one seems to know exactly if and when we will see a breakout moment like that experienced in the AI industry when Chat GPT launched. Traditional metrics such as revenue and market share provide limited insight because of the nascent state of the technology. A look at patent application filings worldwide helps fill this gap in market knowledge by revealing technological trends, competitive dynamics, and innovation patterns in the quantum tech space. Key Take-aways: Patent application filings show the quantum computing industry is transitioning from an embryonic stage to a growth stage, with filings increasing from a handful of applications by a few companies in 2012 to over 2300 applications from over 900 different applicants in 2023. The US may no longer be the clear leader in quantum computing. While US companies still lead in the number of patents held, China has overtaken the US in the rate of application filings, and the filings in Europe are accelerating rapidly. Quantum Computing is not a single industry, but an ecosystem involving an extraordinarily diverse range of developing and interdependent technical disciplines and industries, including chip manufacturing, sensors, software developers, cryogenics, computer networking, advanced manufacturing, and material science. This suggests quantum computing will not have a single breakout moment like AI, but will advance in smaller incremental steps that depend on advancements in each of these areas. The legal and intellectual property industries focused on quantum computing are also developing areas. Quantum computing is so different from other technologies that worldwide patent offices and law firms face unique challenges in developing technical proficiency in these areas. Who Should Attend: Anyone interested in intellectual property issues related to the quantum computing market. Speakers: Michael Cuviello, Partner, Banner Witcoff TBA