Investopia Global Talks - India

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Published March 3, 2023

2 minute read

Exploring the Intersection of Quantum Computing and AI: Insights from Industry Leaders

In this session, "Quantum Leap: Transforming Industry through Quantum Computing and AI", speakers discuss the potential of quantum computing and AI to revolutionize industries.

Session Speakers: 

Dr. Nancy Gleason

Dr. Nancy Gleason

Director, Hilary Ballon Center for Teaching and Learning, NYU Abu Dhabi

Herman Narula

Herman Narula

CEO & Co-Founder, Improbable

Jan Goetz

Jan Goetz

CEO and co-Founder, IQM Quantum Computers

Joanna Shields

Joanna Shields

CEO, BenevolentAI

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Key Takeaways

  • Quantum computing can solve problems in minutes or days that would otherwise take millions of years on a standard computer.
  • Large language models trained on specific data, such as AI, can help researchers decipher complex diseases. By ingesting data from multiple sources, including language and research, these models can help develop drugs, making it an exciting area for investment.
  • AI can impact various industries, including sports, music, and defense, through virtual experiences. The metaverse has the potential to offer new opportunities for people in education, job creation, and the economy. Purposeful virtual experiences are necessary to make the metaverse meaningful and make a big difference.
  • Governments, policy leaders, investors, and business leaders must understand the potential of AI and engage with organizations and experts to ensure that it benefits society as a whole.
  • With disruptions, there will be fewer jobs, and people will need to find new income sources. The metaverse offers new opportunities for education, job creation, and the economy.

The Investopia 2023 session, “Quantum Leap: Transforming Industry through Quantum Computing and AI”, brought together some of the brightest minds in technology to discuss the future of quantum computing, AI, and their impact on various industries. The panel included Jan Goetz, CEO and Co-Founder of IQM Quantum Computers, Joanna Sheilds, CEO of BenevolentAI, and Herman Narula, CEO and Co-Founder of Improbable, with Dr. Nancy Gleason, Director of the Hilary Ballon Center for Teaching and Learning, New York University, Abu Dhabi, serving as moderator.

Jan Goetz emphasized the power of quantum computing in the application of AI. He noted that as computers grow bigger, the energy needed to run them increases. Quantum computing offers a new paradigm and allows for problems to be solved exponentially faster. For instance, simulating a molecule that would take millions of years on a regular computer can be solved in days or minutes with quantum computing. Joanna Sheilds discussed using large language models in the healthcare industry for specific purposes. These models are trained on specific data to decipher complex diseases and enable data ingestion from multiple sources to make decisions, such as developing drugs. Herman Narula spoke about the potential of AI in the metaverse and how it will impact various industries, such as sports, music, and defense.

Dr. Nancy Gleason asked the panelists about the ethical considerations surrounding AI and its impact on society. Sheilds stressed the importance of a multistakeholder approach to AI and the need for engagement with organizations and experts fueling it. Goetz emphasized the need to build the quantum computing industry together, develop algorithms and design tools, and connect to users and industries. Narula discussed the need for purposeful virtual experiences and new opportunities for people, including education and job creation.

The panelists also discussed the impact of AI on employment and income. With disruptions happening, there will be fewer jobs and less need for income, which could hurt society. The metaverse offers new opportunities for people in education, job creation, and the economy.

Overall, the session highlighted the potential of quantum computing and AI to transform various industries and the importance of ethical considerations and a collaborative approach to their development. While there are still challenges to overcome, the future looks promising, and the industry is just beginning its journey.

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