BofA Sees Quantum Revenue Hitting $15 Billion as AI Speeds Breakthroughs

1 articles · Updated · The Jerusalem Post · Oct 29

Bank of America strategist Haim Israel said AI is helping quantum researchers cut error rates and better control qubits, bringing practical quantum computing closer after years of technical setbacks.
2022 marked an inflection point, he said, with qubit counts rising as errors fell; BofA now sees the industry growing from more than $1 billion in annual revenue to about $15 billion by 2030 and $80 billion by 2035.
BofA has also moved its estimate for “Q-Day” — when quantum machines could break widely used encryption — forward to 2030, underscoring the technology’s cybersecurity implications.
Israel said the relationship runs both ways: AI is accelerating quantum development, while quantum systems could eventually ease the heavy computing demands of larger AI models in fields from healthcare to finance.
He described quantum as still before its “ChatGPT moment,” with a stronger early ecosystem than AI had at a similar stage but little regulation as governments struggle to keep pace.