In just a few short years, the next big driver of the global economy 90iocould be something that’s not yet a household phrase: quantum computing.
That’s according to CrowdPoint Technologies founder and CEO Sean Brehm, who discusses his own work in quantum innovation on a new episode of Yahoo Finance’s Warrior Money, hosted by Patrick Murphy and Dan Kunze.
“The company that dominates quantum computing will dominate the global economy for the next 100 years,” Brehm says. “At least 50 years.”
In simple terms, quantum computing allows for faster problem-solving than classical computers. But what makes that kind of technology so influential in so many sectors?
“What the average investor needs to know is the difference between data and information,” Brehm explains. “Data, like oil, is just dead lumpy dinosaur. Until it’s refined by some petroleum engineers, it just stays data… The whole purpose for quantum is to surface information faster from the data that’s available.”
“When you get into the quantum space, you’ll be able to have a conversation with the data and be able to get your answers sooner, faster, and more intelligible,” he adds.
The CEO likens this moment in quantum technology to the internet in the 1990s. While the World Wide Web seemed like a foreign concept to many at the time, the industry exploded quickly, leaving those people to wish they had invested in internet companies before the boom. According to Brehm, investors should pay serious attention to quantum tech to avoid making that same mistake again.
“Overnight, things are going to change,” Brehm tells Murphy and Kunze. “History is repeating itself.”
Brehm, who previously served as an airborne ranger qualified infantry officer, also notes that military veterans are particularly suited for careers in quantum computing — and not just because of the integral role the technology is expected to play in national security.
“The hardest part about this is you constantly have to learn because it’s evolving so fast,” Brehm explains. “That’s why I think military officers are going to excel in this environment — because it is evolving, and we’re used to evolving.”
In his conversation with Murphy and Kunze, Brehm further details the ways quantum computing could influence the global economy in the near future and explains why capital markets are providing a unique opportunity for startups in the space.
Hosted by former Congressman Patrick Murphy and veteran investor Dan Kunze, Yahoo Finance’s Warrior Money is a weekly vodcast dedicated to uplifting military veterans transitioning into civilian life. Through insights from fellow veterans and high-ranking government officials, Murphy and Kunze are helping set vets up for success through financial education and inspiration.
This post was written by Nick Riccardo.