Press Release

Global Quantum Symposium: International visionaries on game-changing future tech advancements

Published 20 Mar 2024

From March 18th to 20th, 2024, the Global Quantum Symposium at uptownBasel featured more than 50 leading experts in quantum technology, unveiling their latest discoveries. Offering captivating insights, the event hosted by QuantumBasel drew over 300 attendees, hailing from every corner of the globe. The roster of speakers impressed with visionary figures from diverse sectors, including prominent university academics, industry leaders, government officials, and representatives from international organizations such as the WEF, NATO, and technology innovators.

Quantum technology is regarded as a promising field, particularly when combined with artificial intelligence. The question is not whether it will prevail, but when. Thus, not only future developments but also existing industrial applications were presented. McKinsey estimates the potential of this technology to reach around $1 trillion by 2035, solely for key sectors such as automotive, financial services, chemistry, and life sciences. Governments and major corporations are investing billions in researching this technology and engaging in a race to deploy it. Matt Langione from the Boston Consulting Group estimated during the symposium that the first 10% of users are likely to generate about 90% of the intellectual property in the field of quantum computing.

Damir Bogdan, CEO of QuantumBasel and local host of the Global Quantum, underscores the importance of international knowledge exchange and strong industry-university networks in this swiftly evolving field. In cooperation with Prof. Daniel Loss, Head of Science at the University of Basel, the Symposium gathered leading figures from research, industry, and government, fostering the free exchange of ideas crucial for the forthcoming technological revolution.

Innovative Industry Strategies

Enterprises like Vinci Energies and Erste Group Bank demonstrated how they utilized quantum computing to notably improve the effectiveness of heating, ventilation, and air conditioning systems in intricate buildings, as well as to optimize the emission allocation for green asset.
There is unanimous consensus: the pace of development is accelerating beyond initial expectations. This sentiment was echoed by prominent quantum computing providers, who unveiled their progress in both hardware and software.

Research Insights and Unpublished Studies

Leading universities presented current findings, including previously unpublished studies. Their research is focused on advancing the next generation of quantum computers, which includes spin qubits and superconducting annealers. The emphasis lies in enhancing the quality of qubits, the fundamental components of a quantum computer.

Next Global Quantum Symposium Looms on the Horizon in 2025

QuantumBasel is pleased to facilitate this exchange through its commitment, thereby strengthening Switzerland's research landscape. "We will build upon this year's success and begin early planning for the next Global Quantum Symposium in 2025, complemented by even more national partners," announced Damir Bogdan.

A special note of appreciation to our sponsors, whose multifaceted support has been invaluable to us

University Basel I uptownBasel I NCCR SPIN I D-Wave I IBM I IONQ I Standortförderung Baselland I Swissnex I QuEra Computing INC. I PlugandPlay I QAIventures I Classiq I Huber+Suhner I Zurich Instruments I NorthC Datacenters I zhaw I EPFL Innovation Park

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