Oratomic raises $775M to build quantum cryptography ASIC

The author argues that utility-scale quantum computers are nearing reality within the next three to five years, yet the industry lacks clarity on commercially viable applications and business models. While quantum simulation for materials science and drug discovery drives substantial venture investment, rapidly improving classical AI methods continue to advance and threaten to displace quantum advantages. Meanwhile, emerging theoretical work in quantum machine learning streaming continuous data into quantum processors offers a more speculative but potentially massive long-term market. Open article →