this post was submitted on 24 Aug 2025
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the VCs are pushing the quantum hype again. this is an FT editorial

(archive.is isn't working for me, anyone wanna post an archive link)

note lack of citation of actual results, a ton of handwaving about big companies, repeated "could," and the earliest date postulated is 2033

many of the important requirements for a VC bubble party

the tech press has been loaded with this shit, just a fuckin flood of it, all this nonspecific and glossing over the lack of mere existing tech in the present day

note that this has nothing to do with actual quantum computing, this is purely how to set up the tech macguffin for a bubble party

pretty good for a thing that is real - but doesn't exist as a technology yet or any time soon

bsky:

Tired: cloud computing

Wired: could computing

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[–] V0ldek@awful.systems 10 points 2 weeks ago (1 children)

I, for one, am excited, because this could be the ultimate bubble. Like think about it, crypto was shit, but at least it was vaguely a thing, like you could buy Bitcoin and order drugs through SilkRoad and you'd have drugs, that's a material use case. LLMs suck ass but ChatGPT exists, you can go to that website and type shit and it will respond, it's garbage but it's garbage you can touch and smell.

Quantum has none of this. It's ultimate vaporware, a technology that literally does not exist, you can't have a PoC, you can't have an early version that you'll lie about being a "big step towards General Quantum Computing" or whatever. This is SV's wet dream, can we make money from basically nothing at all?

[–] scruiser@awful.systems 4 points 2 weeks ago

you can’t have an early version that you’ll lie about being a “big step towards General Quantum Computing” or whatever

So you might think that... but I recall some years ago an analog computer was labeled as quantum annealing or something like that... oh wait, found the wikipedia article: https://en.wikipedia.org/wiki/Quantum_annealing and https://en.wikipedia.org/wiki/D-Wave_Systems . So it sounds to a naive listener like the same sort of thing as the quantum computers that are supposed to break cryptography and even less plausible things, but actually it can only do one very specific algorithm.

I bet you could squeeze the "quantum" label onto a variety of analog computers well short of general quantum computing and have it technically not be fraud and still fool lots of idiot VCs!

[–] Deflated0ne@lemmy.world 10 points 2 weeks ago (3 children)

Is this real? Or an artificially engineered bubble like LLMs and the "AI" spawned by them?

[–] MadMadBunny@lemmy.ca 6 points 2 weeks ago (1 children)
[–] Deflated0ne@lemmy.world 6 points 2 weeks ago (1 children)

I don't trust anymore. People. Business. Government.

Don't trust anything. Everything is sus.

[–] MadMadBunny@lemmy.ca 4 points 2 weeks ago (1 children)

Except the bunnies. Bunnies are okay. I think…

[–] Deflated0ne@lemmy.world 4 points 2 weeks ago (2 children)

Dogs and cats. Hampsters. Bunnies. Small mammals in general are ok.

[–] dgerard@awful.systems 4 points 2 weeks ago

i heard capybaras are normally the chillest of all the animals, but fucking loathe AI

[–] MadMadBunny@lemmy.ca 3 points 2 weeks ago (1 children)

I’m not sure I’d put all the cats as trustworthy…

[–] Deflated0ne@lemmy.world 2 points 2 weeks ago

There are always exceptions.

[–] dgerard@awful.systems 6 points 2 weeks ago

absolutely fucking fake as shit, yes

[–] spankmonkey@lemmy.world 4 points 2 weeks ago

All econimic bubbles are artificially engineered. Housing, pets.com, beanie babies, crypto, block chain, and even gold/silver speculation have intention behind them for creating a bubble that they hope to cash in on before it pops.

[–] TheBat@lemmy.world 7 points 2 weeks ago (1 children)

Does this mean LLM bubble might burst? This is VCs hedging their bets?

[–] ruuster13@lemmy.zip 7 points 2 weeks ago

100% this. That report about 95% AI initiatives failing went viral last week and they're nervous.

[–] BlueMonday1984@awful.systems 7 points 2 weeks ago

This is a shot in the dark on my part, but I get the suspicion the quantum hype is gonna face direct resistance, in a similar manner to LLMs/AI.

Quantum's supposed encryption-breaking abilities are currently a hypothetical, but hype about such abilities could prompt fears that governments/corporations would abuse quantum to supercharge currently existing mass surveillance, enabling governments to invade people's privacy without needing a backdoor or corporate cooperation.

High energy consumption will likely prompt resistance as well - the current crop of quantum computers consume a lot of power to keep their chips within spitting distance of absolute zero, and after seeing AI corps do everything in their power to consume as much energy as possible, I can see the public expecting similar behaviour in the upcoming quantum bubble, and reacting accordingly.

[–] Soyweiser@awful.systems 6 points 2 weeks ago (1 children)

https://archive.is/PDgTJ this one seems to work. "The world should prepare for the looming quantum era: New breakthroughs underscore the technology’s potential and perils"

The headline jumps into the critihype already. (which might be justified by the article, im just judging the book by the cover)

[–] dgerard@awful.systems 2 points 2 weeks ago (1 children)
[–] Soyweiser@awful.systems 2 points 2 weeks ago

It never is is it. It never is.

[–] zarathustra0@lemmy.world 5 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

So what you're telling me is that the economy will collapse without the hype bubble?

And no one do any uncertainty principle dirty on me.

[–] dgerard@awful.systems 4 points 2 weeks ago

good news is the economy will collapse anyway, Wall St is running a multipronged scam economy right now