Quantum Matters: What World (Dis) Order Means For Quantum Technologies
The National People’s Congress (NPC) session in Beijing last month allocated an 8.3% increase year on year for Chinese technology spend. In the US, technology spending is due to increase by 6.1% in 2025 to $2.7 trillion, according to Forrester.
Before the upheaval brought about by the new US administration, forecasts from firms like Forrester’s were relied upon, while those from the NPC and any China institute were deemed untrustworthy, subject to government manipulation.
In April 2025, with the Trump government well ensconced and Elon Musk in charge of taking a “chainsaw” to government spending through the Department of Government Efficiency (DOGE), forecasting for the US is inevitably less accurate than for China.
Quantum Matters
This is an abbreviated version of my opening remarks to The City Quantum Summit, which took place at the Mansion House on October 11. A recording of the event is available here.
Thank you to all who have come in person – and virtually, from India to Bulgaria to Nigeria – for joining The City Quantum Summit. And thank you above all to our sponsors, who allow this Summit to be free, so all students can join, and Diversity & Inclusion can be central to it.