News Quantum computing stocks tank as Nvidia CEO Jensen Huang predicts the tech won't be viable for another 20 years — stocks fell more than 40% for a t...

[Admin]

CEO of Nvidia Jensen Huang purportedly stated that quantum computers will take 20 years before being "very useful", causing quantum computing stock to tumble.

Quantum computing stocks tank as Nvidia CEO Jensen Huang predicts the tech won't be viable for another 20 years — stocks fell more than 40% for a t... : Read more

 

[Alvar "Miles" Udell]

And they'll both likely see decent gains in the coming days, a classic short seller attack.

 

[JamesJones44]

And they'll both likely see decent gains in the coming days, a classic short seller attack.

I agree in the short term. However, long term I agree with the idea that it's way to early to pick quantum stocks. Fells a lot like the Solid State Battery crazy from 2015/2016 where people in the industry were saying they are decades away at large scale but the stocks were being run up anyway.

 

[bit_user]

LOL at anyone listening to him on this. He's hardly a disinterested party.

Was this a direct answer to a question about QC, or did that just come out of left field? If the latter, then the fact that he took that initiative should tell us he views QC as a threat.

 

[paviko]

I thought in 3-5 years AGI or SAI was going to take the world thanks to NVidia GPUs and Quantum Computer would be "made by" them. Someone forgot something... OpenAI or NVidia?

 

[JamesJones44]

Was this a direct answer to a question about QC, or did that just come out of left field? If the latter, then the fact that he too that initiative should tell us he views QC as a threat.

It was during a Q&A session, he was asked about how useful he thought QC would be in the near term and how it could impact Nvidia.

https://www.constellationr.com/blog...g-said-about-quantum-computing-project-digits

 

[hotaru251]

So can I tank Nvidia stock by saying "ai" has no profitable future and the end goal of general intelligent is multiple decades away at earliest if ever?

 

[ccc1234]

to bad Nvidia is already old technology hello quantum goodbye Nvidia the turtle (Nvidia) vs the rabbit (Rigetti or D-wave) and the rabbit wins this race it was fun while it lasted Nvidia or never started Rigetti or D-wave makes Nvidia look like the Apple lle from the 80s or The Flintstones

 

[spongiemaster]

So can I tank Nvidia stock by saying "ai" has no profitable future and the end goal of general intelligent is multiple decades away at earliest if ever?

No. People would have to care what you have to say for that to work.

 

[LibertyWell]

to bad Nvidia is already old technology hello quantum goodbye Nvidia the turtle (Nvidia) vs the rabbit (Rigetti or D-wave) and the rabbit wins this race it was fun while it lasted Nvidia or never started Rigetti or D-wave makes Nvidia look like the Apple lle from the 80s or The Flintstones

Elon Musk: AI is summoning the demon.

DWave Founder: Through AI, Lovecraftian Old Ones are being summoned in the background and no one is paying attention and if we’re not careful it’s going to wipe us all out.

 

[LibertyWell]

It was during a Q&A session, he was asked about how useful he thought QC would be in the near term and how it could impact Nvidia.

https://www.constellationr.com/blog...g-said-about-quantum-computing-project-digits

It’s trivial to plant “questions” like that. Even Q/As have scripted questions, there’s too much at stake not to do this.

 

[Neilbob]

So all I need to become an authority on future technology is a wardrobe crammed full of leather jackets. Seems simple enough.

Can anyone lend me a few thousand quid?

 

[bit_user]

So can I tank Nvidia stock by saying "ai" has no profitable future and the end goal of general intelligent is multiple decades away at earliest if ever?

Maybe if your name was Sam Altman, you could.

As a random forum poster, nobody cares what we say. You can find at least half an internet worth of such comments.

So all I need to become an authority on future technology is a wardrobe crammed full of leather jackets.

That and a $Trillion company.

In fact, he could wear hoodies and be just as influential. Back when Facebook was the stock market darling, investors fawned over Zuckerberg in the same way.

 

[bit_user]

to bad Nvidia is already old technology hello quantum goodbye Nvidia the turtle (Nvidia) vs the rabbit (Rigetti or D-wave) and the rabbit wins this race it was fun while it lasted Nvidia or never started Rigetti or D-wave makes Nvidia look like the Apple lle from the 80s or The Flintstones

They solve different problems. Quantum Computers will not get rid of CPUs or GPUs.

 

[Amdlova]

When was a kid have a dream of quantum computers... but Only I have at the time is quantum hard drivers. I REMEMBER when I got the first big foot big is aways better.

 

[bit_user]

When was a kid have a dream of quantum computers... but Only I have at the time is quantum hard drivers. I REMEMBER when I got the first big foot big is aways better.

I once got an old server and I bought a Quantum brand UltraSCSI hard drive for it. I copied over all my most precious data to it, because I figured it was new and enterprise-grade, so it should be more reliable. Then, for the first time in my life, I had a disk crash. It was the new Quantum drive.

It could be that it wasn't really new. I think I got it as an "OEM" drive, so maybe it was one of those scams where used/refurb drives are sold as new.

Anyway, it was so long ago that I think it was only 1 GB in size. So, I don't recall any further details.

 

[Pierce2623]

I once got an old server and I bought a Quantum brand UltraSCSI hard drive for it. I copied over all my most precious data to it, because I figured it was new and enterprise-grade, so it should be more reliable. Then, for the first time in my life, I had a disk crash. It was the new Quantum drive.

It could be that it wasn't really new. I think I got it as an "OEM" drive, so maybe it was one of those scams where used/refurb drives are sold as new.

Anyway, it was so long ago that I think it was only 1 GB in size. So, I don't recall any further details.

My first computer was a 486dx with a FP unit and 400MB of storage and it was the baddest machine in my home town for a while. The FP unit came in super crucial for CPU rendering Doom at excellent frame rates. Another way it turned out awesome that I talked my dad into the the DX with the FP unit is having the FP unit enabled a piggy back Pentium “upgrade” that gave nearly equal performance to the real Pentium.

 

[bit_user]

The FP unit came in super crucial for CPU rendering Doom at excellent frame rates.

No, not Doom. I played that on a 386SX (forget if it was 16 or 20 MHz) with no FPU. I had to shrink the viewport a couple steps, to hit a playable framerate, but that's just because a 386SX wasn't very fast.

Quake is what used the FPU, but that would be rather demanding for a 486DX. By the time I played it, I had a Pentium-75 and it ran pretty well at 320x240. I later played it on a Pentium Pro 200, which could hit playable framerates at 640x480.

Another way it turned out awesome that I talked my dad into the the DX with the FP unit is having the FP unit enabled a piggy back Pentium “upgrade” that gave nearly equal performance to the real Pentium.

Oh yeah, I remember those "Upgrade" ("Overdrive"?) CPUs that would slot into older sockets.

 

[ttquantia]

to bad Nvidia is already old technology hello quantum goodbye Nvidia the turtle (Nvidia) vs the rabbit (Rigetti or D-wave) and the rabbit wins this race it was fun while it lasted Nvidia or never started Rigetti or D-wave makes Nvidia look like the Apple lle from the 80s or The Flintstones

99 per cent of quantum computing hype is just pure nonsense.

The only real application quantum computers have is breaking some old encryption methods, which are becoming outdated and replaced by something quantum-proof.

There is a lot of talk of quantum computing solving all kinds of hard combinatorial problems very fast, and it is true that Grover's algorithm is theoretically IN THE WORST case asymptotically faster than standard exponential time (2^n) search algorithms, but the fact is, classical algorithms in those problems rarely if ever in practical cases are anywhere close to the theoretical worst-case, and hence the improvement of quantum computers is purely theoretical and hypothetical, with zero prospects of actually improving on classical computers.

Has been nice to hear quantum marketing talk from people with either no understanding on the topic at all, or deep personal financial interest in quantum computing.

So this is just a truck load of hype and nonsense. Quantum computers are never going to replace classical ones, which is the obvious thing of course, but also, as a peripheral device to classical computers, quantum computers' generality and utility is so limited, that it is never going to be anything more than a small marginal industry with only very few and for most of computing obscure and narrow applications.

 

[kaalus]

Classic computing in the 1990s was not in its infancy. We had supercomputers, we had Pentium 3, we had 3D acceleration, OpenGL, DirectX, OpenGL, Java, the internet and billions of people were already using computers, hundreds of millions had them on their desks.

Who is using quantum computers today? A few researchers. There is no commercial product. Quantum computers are in the same stage are classical computing was in 1940s.

 

[bit_user]

Who is using quantum computers today? A few researchers. There is no commercial product.

That's not true. D-Wave has been selling quantum computers for years. They also have cloud services, so you can use their machines without all the hassle and overhead of having one on-site.

D-Wave Systems | The Practical Quantum Computing Company

D-Wave is the leader in the development and delivery of quantum computing systems, software, and services.

www.dwavesys.com

 

[Pierce2623]

No, not Doom. I played that on a 386SX (forget if it was 16 or 20 MHz) with no FPU. I had to shrink the viewport a couple steps, to hit a playable framerate, but that's just because a 386SX wasn't very fast.

Quake is what used the FPU, but that would be rather demanding for a 486DX. By the time I played it, I had a Pentium-75 and it ran pretty well at 320x240. I later played it on a Pentium Pro 200, which could hit playable framerates at 640x480.


Oh yeah, I remember those "Upgrade" ("Overdrive"?) CPUs that would slot into older sockets.

Maybe it was quake. It was a long time ago. But yeah the Overdrive upgrade supposedly gave Pentium IPC but it still ran 66MHz instead of 75MHz . Never ended up getting a REAL upgrade until the Pentium 2 came out. I’ve also got the RAM and CPU from my Pentium 4 desktop I had at college.

 

[vanadiel007]

99 per cent of quantum computing hype is just pure nonsense.

The only real application quantum computers have is breaking some old encryption methods, which are becoming outdated and replaced by something quantum-proof.

There is a lot of talk of quantum computing solving all kinds of hard combinatorial problems very fast, and it is true that Grover's algorithm is theoretically IN THE WORST case asymptotically faster than standard exponential time (2^n) search algorithms, but the fact is, classical algorithms in those problems rarely if ever in practical cases are anywhere close to the theoretical worst-case, and hence the improvement of quantum computers is purely theoretical and hypothetical, with zero prospects of actually improving on classical computers.

Has been nice to hear quantum marketing talk from people with either no understanding on the topic at all, or deep personal financial interest in quantum computing.

So this is just a truck load of hype and nonsense. Quantum computers are never going to replace classical ones, which is the obvious thing of course, but also, as a peripheral device to classical computers, quantum computers' generality and utility is so limited, that it is never going to be anything more than a small marginal industry with only very few and for most of computing obscure and narrow applications.

You are far off with that assertion. Quantum computers are perfect to run very complex simulations, like for example weather forecasts and simulations related to medicine development, chemical developments etc...

Right now classical computers are used for those tasks, and they take a very long time to complete the simulation and it takes up a lot of power and money.

With a quantum computer that task could be completed in seconds, with a result that is close enough to that of a classical computer to be sufficient, at a fraction of the power cost.

 

[bit_user]

You are far off with that assertion. Quantum computers are perfect to run very complex simulations, like for example weather forecasts and simulations related to medicine development, chemical developments etc...

I wouldn't say simulations, exactly. Especially not weather. That's massively data-intensive and has way too many variables for a quantum computer to model.

They're great at multi-parameter optimization problems, although I don't know enough about the subject to say @ttquantia is wrong about good algorithms on conventional computers measuring up.

Right now classical computers are used for those tasks, and they take a very long time to complete the simulation and it takes up a lot of power and money.

AI is turning out to be a game changer, in weather forecasting.

Google DeepMind’s new AI model is the best yet at weather forecasting

The research represents a shift in how we may predict the weather.

www.technologyreview.com