Bank of America: Quantum Computing Might Be Humanity’s Greatest Breakthrough Since Fire

Bank of America: Quantum Computing Might Be Humanity’s Greatest Breakthrough Since Fire

July 20, 2025

In a bold analogy, BofA analysts liken quantum computing to humanity’s mastery of fire—suggesting it could reshape how we compute, innovate, and compete on a global scale.

Read QuantumGenie's other industry insights.

A Breakthrough As Fundamental as Fire

In a recent note on quantum computing, Bank of America analysts made a startling comparison—declaring that this emerging technology could be the most significant breakthrough for humanity since the discovery of fire.

They described quantum computing as a technology capable of "performing endless complex calculations in zero time," effectively accelerating human knowledge and innovation across every field.

At the Speed of Thought

To put the power of quantum computing into perspective, BofA noted:

“A human would have to perform one sum every second for approximately 50 quintillion years to match what a quantum computer can achieve in just one second.”

This astronomical comparison underscores why BofA sees quantum computing not simply as a step change—but as an entirely new mode of computing.

Read QuantumGenie's other industry insights.

The Implications: A Geopolitical and Economic Earthquake

With governments around the world investing over $42 billion in quantum initiatives—and 35% of that amount dedicated by China alone—Bank of America analysts warn that early quantum leadership could yield unprecedented geopolitical, technological, and economic dominance.

They forecast a potential $2 trillion market by 2035, and—even more provocatively—suggest that the impact could rival global GDP if quantum fusion accelerates breakthroughs in AI, encryption, logistics, life sciences, and materials science.

But We’re Not There Yet

Despite hype and landmark experiments (like Google’s Willow chip benchmark), BofA remains cautious. They emphasize that true quantum advantage—solving real-world problems faster than classical computers—is still elusive.

Current systems are plagued by "noise," low qubit fidelity, and limited scalability. Still, BofA projects that fully functioning quantum machines may achieve broad utility between 2030 and 2033, assuming improvements in qubit count and quality are realized.

Read QuantumGenie's other industry insights.

AI + Quantum: The Next Frontier

A key insight from the note: the synergy between quantum computing and AI may define the next era of innovation. BofA suggests that even a 10-qubit quantum system could perform 100× more operations than classical machines at equivalent cost—enabling advances in generative AI, particularly for high-dimensional modeling and simulation tasks.

This emerging convergence—sometimes referred to as "artificial superintelligence"—promises transformative use cases across pharmaceuticals, deep learning, logistics optimization, and beyond.

Why BofA’s Fire Analogy Matters

  • Historical scale: Choosing fire as a benchmark signals quantum computing’s potential to reshape civilization’s foundations.

  • Market and policy urgency: Headlines and funding volumes may grow—but investors and policymakers already treat quantum as a priority.

  • Strategic mandate: The firm warns that “whoever wins the quantum race” stands to gain outsized influence over critical infrastructure and future computing dominance.

Read QuantumGenie's other industry insights.

Conclusion: From Sparks to Flame

Bank of America’s analogy isn’t hyperbole—it’s a strategic call to attention. Quantum computing is no longer a distant dream; it’s emerging as a transformational force that could rival the discovery of fire in its societal impact.

For organizations, investors, and governments, the twin agendas are clear:

  • Accelerate preparations for a quantum-capable future

  • Prioritize AI and computational synergy

  • Invest now or risk being left behind

Because in the unfolding story of technological revolutions, quantum computing may not just add to history—it could ignite a new chapter altogether.

July 20, 2025

Quantum Insights

How Post-Quantum Cryptography Could Have Helped Prevent the $44M CoinDCX Hack

Jul 21, 2025

Bank of America: Quantum Computing Might Be Humanity’s Greatest Breakthrough Since Fire

Jul 20, 2025

Microsoft and Denmark Set Ambitious Goal: Hosting the World’s Most Powerful Quantum Computer with “Magne”

Jul 17, 2025

Quantum-Safe Surge: 70% of Billion-Dollar Enterprises Are Early Adopters, Says Capgemini Report

Jul 14, 2025

Texas Quantum Initiative Passes: Lone Star State Bids to Become Quantum Powerhouse

Jul 10, 2025

Europe’s Quantum Surge: Bridging the Private Funding Gap for Tech Dominance

Jul 8, 2025

Racing the Quantum Threat: 5 Nations Compress Post-Quantum Cryptography Timelines

Jun 26, 2025

Microsoft’s Azure Quantum Unveils 4D Code Plan to Tame Quantum Errors

Jun 22, 2025

How Post‑Quantum Cryptography Could Have Stopped the $1.5 Billion Bybit Hack

IIT Delhi Achieves Quantum Breakthrough: Wireless Communication Over 1 Kilometer

Jun 18, 2025

Caltech Scientists Achieve Hyper-Entanglement in Atomic Motion: A Quantum Leap in Control and Coherence

Jun 17, 2025

Quantum Boom: Surge in Tech Deals & Funding Marks a Turning Point in 2025

Jun 15, 2025

Pasqal Charts Bold Course: Roadmap to 10,000 Qubits and Fault-Tolerant Quantum Computing

Jun 12, 2025

Quantum at a Turning Point: Nvidia CEO Declares Industry at ‘Inflection Point’

Jun 11, 2024

IBM Unveils Next-Generation Quantum Processor, Ushering In a New Era of Computation

Jun 10, 2025

IonQ Acquires Oxford Ionics for $1.08 Billion: A Bold Leap Toward Fault‑Tolerant Quantum Computing

Jun 9, 2025

Post‑Quantum Cryptography Takes Center Stage at Infosecurity Europe 2025

Jun 7, 2025

Oxford Quantum Circuits Unveils Bold Roadmap to 50,000 Logical Qubits by 2034

Jun 5, 2025

Caltech Achieves Hyper-Entanglement: A Quantum Breakthrough with Major Implications

Jun 5, 2025

Massive Data Breach Exposes Apple ID Logins: Why Post-Quantum Cryptography Must Start Now

Jun 4, 2025

A Quantum Celebration: UN Declares 2025 the International Year of Quantum Science and Technology

Jun 4, 2025

Crypto Asset Manager Grayscale Eyes the Quantum Frontier with Proposed Quantum Computing ETF

Jun 3, 2025

Quantum Entanglement: The Spooky Phenomenon That Could Transform Technology

Jun 2, 2025

Colt, Honeywell, and Nokia Launch Space-Based Trial for Quantum-Safe Cryptography

Jun 2, 2025

Surrogate Models Take Center Stage: A Smarter Way to Optimize Quantum Networks

May 31, 2025

Securing the Internet of Things: Why Post-Quantum Cryptography Is Critical for IoT's Future

May 30, 2025

Nord Quantique’s Multimode Qubit Breakthrough: A Leap Toward Scalable Quantum Computing

May 30, 2025

The 2025 Retail Cyberstorm: How Post-Quantum Cryptography Could Have Prevented Major Breaches

May 29, 2025

Microsoft’s Quantum Leap: Inside the Majorana Chip That Could Revolutionize Computing

May 29, 2025

Should Post-Quantum Cryptography Start Now? The Clock Is Ticking

May 28, 2025

Cracking RSA with Fewer Qubits: What Google's New Quantum Factoring Estimate Means for Cybersecurity

May 28, 2025

Quantum Arms Race: U.S. Defense Intelligence Flags Rivals’ Growing Military Use of Quantum Tech

May 27, 2025

Quantum Threats and Bitcoin: Why BlackRock’s Warning Matters for the Future of Crypto Security

May 27, 2025

Sudbury's SNOLAB Ventures into Quantum Computing Research

May 26, 2025

Lockheed Martin and IBM Pioneer Quantum-Classical Hybrid Computing for Complex Molecular Simulations

May 23, 2025

Why the Moon Matters for Quantum Computing: From Helium-3 to Off-Planet Quantum Networks

May 23, 2025

NIST Approves Three Post-Quantum Cryptography Standards: A Milestone for Digital Security

May 22, 2025

Scientists Connect Quantum Processors via Fiber Optic Cable for the First Time

May 21, 2025

Quantum Computing and Encryption Breakthroughs in 2025: A New Era of Innovation

May 21, 2025

How CISOs Can Defend Against the “Harvest Now, Decrypt Later” Threat

May 20, 2025

NVIDIA Expands Quantum and AI Ecosystem in Taiwan Through Strategic Partnerships and Supercomputing Initiatives

May 19, 2025

Quantum Annealing Breakthrough: Quantum Computer Outperforms Fastest Supercomputers

May 18, 2025

Quantum Computing's New Frontier: How the $1.4 Trillion US–UAE Investment Deal is Shaping the Industry

May 16, 2025

Quantum Computing Meets Cancer Research: A New Frontier in Drug Discovery

May 16, 2025

Quantum Industry Leaders Urge Congress to Reauthorize and Expand National Quantum Initiative

May 15, 2025

Honeywell's Quantinuum and Qatar's Al Rabban Capital Forge $1 Billion Quantum Computing Joint Venture

May 15, 2025

Advancing Quantum Machine Learning with Multi-Chip Ensemble Architectures

May 14, 2025

How will the new US-Saudi Arabia AI deal effect the Quantum Computing industry?

May 14, 2025

Saudi Arabia's $600 Billion AI Push: Amazon, Nvidia, and Global Tech Giants Lead the Charge

May 14, 2025

Quantum Computing Breakthrough: Diamond Qubits Achieve Unprecedented Precision

Apr 28, 2025

Australia’s Quantum Cryptography Roadmap: Preparing for a Post-Quantum Future

Apr 26, 2025

Green Fern
Green Fern
Green Fern

Harvest Now, Decrypt later

Apr 25, 2025

Yellow Flower
Yellow Flower
Yellow Flower

NIST’s New Quantum Cryptography Standards: What You Need to Know

Apr 25, 2025

Read our latest commentary and research on the post-quantum encryption space

Read our latest commentary and research on the post-quantum encryption space

In a bold analogy, BofA analysts liken quantum computing to humanity’s mastery of fire—suggesting it could reshape how we compute, innovate, and compete on a global scale.

Read QuantumGenie's other industry insights.

A Breakthrough As Fundamental as Fire

In a recent note on quantum computing, Bank of America analysts made a startling comparison—declaring that this emerging technology could be the most significant breakthrough for humanity since the discovery of fire.

They described quantum computing as a technology capable of "performing endless complex calculations in zero time," effectively accelerating human knowledge and innovation across every field.

At the Speed of Thought

To put the power of quantum computing into perspective, BofA noted:

“A human would have to perform one sum every second for approximately 50 quintillion years to match what a quantum computer can achieve in just one second.”

This astronomical comparison underscores why BofA sees quantum computing not simply as a step change—but as an entirely new mode of computing.

Read QuantumGenie's other industry insights.

The Implications: A Geopolitical and Economic Earthquake

With governments around the world investing over $42 billion in quantum initiatives—and 35% of that amount dedicated by China alone—Bank of America analysts warn that early quantum leadership could yield unprecedented geopolitical, technological, and economic dominance.

They forecast a potential $2 trillion market by 2035, and—even more provocatively—suggest that the impact could rival global GDP if quantum fusion accelerates breakthroughs in AI, encryption, logistics, life sciences, and materials science.

But We’re Not There Yet

Despite hype and landmark experiments (like Google’s Willow chip benchmark), BofA remains cautious. They emphasize that true quantum advantage—solving real-world problems faster than classical computers—is still elusive.

Current systems are plagued by "noise," low qubit fidelity, and limited scalability. Still, BofA projects that fully functioning quantum machines may achieve broad utility between 2030 and 2033, assuming improvements in qubit count and quality are realized.

Read QuantumGenie's other industry insights.

AI + Quantum: The Next Frontier

A key insight from the note: the synergy between quantum computing and AI may define the next era of innovation. BofA suggests that even a 10-qubit quantum system could perform 100× more operations than classical machines at equivalent cost—enabling advances in generative AI, particularly for high-dimensional modeling and simulation tasks.

This emerging convergence—sometimes referred to as "artificial superintelligence"—promises transformative use cases across pharmaceuticals, deep learning, logistics optimization, and beyond.

Why BofA’s Fire Analogy Matters

  • Historical scale: Choosing fire as a benchmark signals quantum computing’s potential to reshape civilization’s foundations.

  • Market and policy urgency: Headlines and funding volumes may grow—but investors and policymakers already treat quantum as a priority.

  • Strategic mandate: The firm warns that “whoever wins the quantum race” stands to gain outsized influence over critical infrastructure and future computing dominance.

Read QuantumGenie's other industry insights.

Conclusion: From Sparks to Flame

Bank of America’s analogy isn’t hyperbole—it’s a strategic call to attention. Quantum computing is no longer a distant dream; it’s emerging as a transformational force that could rival the discovery of fire in its societal impact.

For organizations, investors, and governments, the twin agendas are clear:

  • Accelerate preparations for a quantum-capable future

  • Prioritize AI and computational synergy

  • Invest now or risk being left behind

Because in the unfolding story of technological revolutions, quantum computing may not just add to history—it could ignite a new chapter altogether.

Let's talk!

Office:

1535 Broadway
New York, NY 10036
USA

Local time:

20:12:51

Let's talk!

Office:

1535 Broadway
New York, NY 10036
USA

Local time:

20:12:51