Latin America Enters the Race for Quantum Computing Leadership

Apr 12, 2024

Published in Inversorlatam

The initiative is driven by /q99, a company planning to invest over USD 100 million in the region over the next five years, aiming to lead the convergence of quantum computing and AI on a global scale. Technology continues to challenge the future, and AI, already embedded in the daily lives of Argentinians with tools like ChatGPT, is just the tip of the iceberg. Behind the scenes, another paradigm shift is advancing rapidly: Quantum Computing, which promises an even more radical revolution in our lives, making realities of things that until recently seemed utopian.

/q99 has assembled an interdisciplinary team of scientists and technology professionals to drive the creation of an ecosystem that fosters the development of these technologies in Latin America.

The company is already venturing into key areas with high-impact projects: from transforming companies and businesses through hyper-personalization of products and pricing, eradicating diseases through medical advancements, to innovating in sustainability by developing hyper-efficient value chains and supplies with a positive environmental impact. In the financial sector, they are developing automated investment portfolio models capable of optimizing returns while minimizing risks.

“Latin America joined the AI revolution late—a technology dating back to 1950—but it can still become a leader in Quantum Computing. At /q99, we aim to develop a research and collaboration ecosystem to fully harness the possibilities offered by this convergence of AI, Machine Learning, and Quantum Computing,” says Facundo Díaz, CEO of /q99.

With projected investments exceeding USD 100 million over the next five years and agreements with global leaders in quantum computing, this young startup is already positioning itself as a key player in the technological and economic advancement of the region.