Infleqtion (INFQ) CEO on Quantum Development & Risks to Crypto

Core Insights - Inflection has gone public through a SPAC merger, raising $550 million to capitalize on emerging quantum opportunities [1][3] - The capital will be allocated to research and development, as well as sales and marketing, focusing on quantum technologies beyond just quantum computing [4][5] Funding and Allocation - The $550 million raised will be divided into two main areas: research and development, and sales and marketing [4] - The R&D efforts will focus on developing quantum sensors and computing technologies, with a roadmap aiming for useful quantum computing by the end of 2028 [6][14] Technology and Differentiation - Inflection's quantum technology is based on neutral atoms, allowing for a flexible approach that does not require cryogenic freezers, differentiating it from competitors [9][10] - The company aims to address various applications, including clocks, sensors, and computers, rather than solely focusing on quantum computing [10][11] Market Applications and Partnerships - Current use cases for quantum sensing include a $20 million contract with NASA to deploy sensors for gravity sensing, which can provide insights into environmental changes [17][18] - The company anticipates that quantum computing will start to deliver commercially useful applications in material science by 2028 [14][15] Industry Context - Quantum computing poses a potential risk to cryptocurrency due to its ability to break encryption methods that are currently secure against classical computers [19]