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April 9, 2024

Quantum rush: Denver-Boulder area aims to be the Silicon Valley of the future

CNBC Logo

April 9, 2024

Quantum rush: Denver-Boulder area aims to be the Silicon Valley of the future

CNBC Logo

Physicist Richard Feynman is credited with pioneering the idea of quantum computing in the 1980s. It’s come a long way since then. According to McKinsey, the four industries that are poised to see the biggest boost from quantum computing — automotive, chemicals, financial services and life sciences — are expected to reach $1.3 trillion in value by 2035.

Helping Colorado in the boom, the Biden-Harris administration recently designated the Denver-Aurora region as one of 31 “Tech Hubs” in the United States. This designation is part of a program to invest in regions with high potential for growth in key technology sectors.

Leading the charge to solidify Colorado’s position as a quantum leader is Elevate Quantum Colorado, a private-public consortium of more than 100 organizations including the University of Colorado Boulder and other higher education institutions, state and local governments, federal labs and private companies.

Read more on the official CNBC website by clicking here.