Some conceptions are harder and more painful than others.. Like realizing that you do not know yourself and very little about the world I guess.. Anyway take care and be smarter every day, this is the real meaning between Einstein's "compound interests" 😉
I read a fair amount, and this is the best explanation of what a SPAC is and why they exist that I have run across! Who knew I would find this on a physics UA-cam channel?
Lots of newly-public businesses used the SPAC mechanism during 2020-22. Most of them will fail but so will many businesses taking the IPO route so it's no indication of quality.
Everybody who knew a finance youtube channel would hide that from you. The SPAC has now become the new Derivative market, That went bust in 2007You know, when you bought Bad titles with good ones, in a bundle. SPACS have become that. and Investors do what they do best, invest into foreign assets.(papers in 2007) Hoping for a discount. Nothing changed in the malpractice. Lack of information about what is going on. Transparency? NOT a Stock market Forté.
In recent years SPACs have increasingly gotten used more frequently used but I think they were a mechanism primarily known to economists until DJT used a SPAC to go public earlier this year. SPACs are also known as blank cheque companies and I think that term is pretty descriptive of a the risks involved.
I only watched this video, it explains what a SPAC is very simply, but I don't get why it works. So I start a company that gets lots of venture capital to make some vaporware or run a shitty cash-hemorrhaging social media app or whatever. I take my business plan to NASDAQ saying "list me baby, I wanna IPO!" and they scrutinize it then tell me to get lost. So now I start a company that does nothing (a SPAC), and bring my business that says "this company is nothing just a shell that may envelop an actual company some day" to NASDAQ so now they say "yes sir have an IPO!" Seriously, how is this better, what am I missing?
My well-known, boring investment advice: invest in boring companies that produce goods/services that you understand (and make a profit at it), or index funds that comprise such companies. Aim to grow rich slowly (e.g., over your working career), and you likely will.
@@AG-ig8uf There are some very good Boring companies cutting tunnels in all sorts of useful places also some very volatile companies boring down for minerals. Probably want the boring boring companies.
No crimes have been committed here. This all hinges on Sabines well-informed belief vs the unlikely beliefs of these startups, but at the end of the day neither is a guarantee and there is nothing illegal about founding and funding high risk high reward companies.
@@ObjectsInMotion you can't disagree SPACs are a problem - they allow anything to get a listing. getting a listing is supposed to be a vetting process protecting general public from bad actors. SPACs circumvent this. it is legal now, but really it is a very grey area.
I work on superconducting quantum computing. Yeah it kind of hurts to hear Sabine roast the entire field like that, but I can confirm that quantum bullshit is rampant. In the public eye it seems to overshadow the genuine incremental progress being made all the time. It sucks that the future of this awesome science partially depends on the opinions of clueless investor bros who want to predict stock prices with a quantum computer.
It makes the entire field look shady. I feel bad for the genuine researchers who just want to do science, not engage in tech scams like E-lyin' Muskrat
It's all bullshit, I was actually disappointed that she said that some of the companies will make their products, when the fact is that they won't, you and your companies are just SCAMMERS
@@jackfromthe60s no actually, I can smell a scam from a million miles, quantum is a scam with everything that comes with it, you are not a physics if you believe in such crap, I don't care where you got your degree from
Not probably, definitely. The mantra, 'making the world a better place' should be placed at the bottom of the 1984 mottos: Ignorance is strength, War is peace, ...etc. Yep.
We need more Sabines. I'm pleased to hear someone have a definite opinion about anything. I can't get an opinion from a mechanic about what's wrong with my truck. It seems like the whole world is terrified of having an actual opinion that will be ok or not. I understand it's a guess, guy, you know more about my truck's ignition system than I do, since I know nothing. Please tell me what you think. I promise I won't sue you. I only understand about a quarter of what you say but I'd listen just for your courage and tone of voice. Please continue. I'd give you money but I can't get an opinion of what the eventual repair of my truck will be. It's only been two years, early days, no one knows, or if they do they aren't saying. 😂
"Imagine you have a start-up with supposedly promising technology that isn't going anywhere, so they're not making revenue." You also just described fusion power in a nutshell.
a bit different. fusion power if it's cracked has immediate practical application and a way to profitability. because it's obvious, it's just power production, you would just plug it into the grid, into existing infrastructure. quantum computing's practical applications are all sort of hypothetical. so with fusion there is a big question "can it be ever cracked", with quantum computing there are two "can it be ever cracked?" and "can we actually do anything useful with it?"
@@alexmikhylov you could argue quantum computing is already cracked, we have working quantum computers, the second question is what's hindering the progress. You can't really upgrade a product if you don't know what you want to do with it.
@@thesharinganx5847 in that sense fusion is also already cracked: you can kinda fire it, there is plasma, there is energy production, it's just producing way less than you have to input to fire it. quantum computing is cracked in principle only: every existing quantum computer is technically working but is utterly useless in every practical sense.
@@thesharinganx5847 Are they really working though, or they always need more qubits. I been always asking, why is it that Google achieved quantum Supremacy with only 53 qubits, but we need at least a million qubits for "practical applications", the whole time a 32 bit cell phone is handling practical applications just fine. Maybe someone will actually produce the long awaited QC, but at the moment, its just a scam.
IonQ (NYSE: IONQ), a leader in the quantum computing industry, today announced that it has signed a $54.5 million contract with the United States Air Force Research Lab (AFRL). With a quarter remaining in the fiscal year, IonQ has announced $72.8 million in bookings year-to-date and reiterated its confidence in meeting or exceeding its bookings guidance of $75-95 million for the year I guess they do make money who would of thunk it lol
This is why quantum computers are always marketed as being useful for "certain financial calculations", with stock footage of money going up. It's just there to attract investors who think they can predict the stock market with quantum woo. It's always vague exactly what that means, because it's not true, even in theory.
Well theoretically sure but in application not even close right now. It will probably be useful to only a few investors a very long time from now that are willing to spend more money on people to write quantum algorithms to do so, and they would have probably had a cheaper approximate model that is 95% of what they want. You don't invest in qc right now you are donating to it. Working systems are to far in the future to see any ROI.
Everything I've ever seen about ai smacks of a scam. Even that guy quitting tto say how dangerous and powerful it is. Meanwhile hospitals are still working off vista. 😂
A quantum toaster has no appeal these days, if you want that sweet VC, you need a Quantum AI Toaster. All of a sudden that burnt toast is because your toaster is "learning" its job.
@@Fracasse-0x13 Studied math and theoretical physics with a phd with distinction, worked in Germany, the US, Canada, Sweden and Germany on several topics like LXD, particle physics, anti-gravity, QM, DM, published about 90 scietnific papers and two popular science books. Is currently research member at the institute of mathematical philosophy in Munich and pulished three new papers this year. Now tell us your wisdom, how the term "scientist" is defined!
The real and fair economy is in retreat, while the financial players, hunters and cheaters make the game - til the next bubble bursts. Poor people will be the losers one more time. Do we even need stock trading?
The world has been stock trading since 1611. I don't think equity trading is the cause of that many problems. It allows companies to raise capital and for investors to be rewarded for placing their capital at risk. I am not saying there aren't economic problems in the world. But we need to look at the root causes and not the symptom. There are many other invesment classes as well, we should not single out the stock market. In fact I would say that much of the monkey business goes on in investment classes other than equities. I will concede that the modern financial system can amplify some of the underlying root problems.
I think the issue isn't so much the trading per se, as the lack of information about what is really going on. There's so much nonsense been written about quantum computing!
If your not like from the 60s you never lived in a system that was real and fair, Shit turned into make believe during the 70s and has only gotten more and more dumb. You know most countries economy goes around through debt? The more debt they have the more they can "sell" and then they can print more. its way more complicated like that ofc but it gets you an relative idea on how bullshit everything has become. Also the stock system has changed ALOT from the 1600s, it was bonkers until the great depression in the US, Then they made laws stating they can't be retarded with money and everything was kinda chill until deregulation in the 70s.
Thanks! The same is true of environmental companies. Hey, it’s a testable hypothesis whether it’s caused by affirmative action. See if anyone wants to pay to find out. While you do that, I am going to investigate whether Mushu is good necromancy.
As a quantum engineer, I think of it like research funded by venture capital, and hope that they will be the one that loose the most money when they realize that the quantum magic works for only super specific cases (or not at all). And at this point I would probably switch to be a physics teacher
OK, I'm even more impressed by you. You not only have a science head, and are idealistic - you also have a business head. Sabine, that is a most rare constellation of characteristics. Use them wisely and well.
Sabine, the revenue outpacing expenses thing isn't just a quantum computing thing. Literally every big company does it - Amazon, everything Elon Musk has ever touched, etc. The idea is to run at a loss, driving down prices, to increase marketshare, which draws investment that makes up for the lost revenue. Economically suspicious? Unsustainable? Relies way too much on embedded growth obligations, amplifying small shocks in the economy? Perhaps, but I'm not an economist, so...
There is ab big difference between a low price strategy to penetrate the market ( if you do this you still need to calculate your prices and you cant do it forever) and making losses because there is no market. But to be fair: capitalism has gone completely crazy last years.
Please continue making videos that cover loads of different topics. Your point of view is thought provoking and gives me pause on many things - generally for the better. This particular video for example, is helping me make stock market choices more carefully.
Sabine, I find your videos refreshing and brutally honest. You are very entertaining, in the most honest way, because you are speaking the truth and 1.47 million subscribers know it. Keep up the good work and prosperity to you!
Amazing…! However, a lot of breakthroughs also happen because companies take risks. Personally, a lot of good business ideas are dompt down. So, while it is true what Sabine says there is another perspective for many founders that doesn't get a penny because they don't look sexy enough but have a good revenue strategy.
That is not a different perspective on SPAC's and pump & dump scams. It is an entirely different business model. Firms or start-ups taking risks with a *_good_* product idea are not trying to scam anyone, or let's say they aught not be _needing_ to scam anyone. They get crowded out by all the charlatans. Here's what's even more wild to many capitalists: the way to protect legitimate inventors and entrepreneurs is with enforcing government regulations against fraud. The laws already exist, but typically neoliberals do not exercise them (since they falsely believe the government is using "taxpayer money". Which would be counterfeit money. The state tax credit used for public investment can only come from the government, and does not come from anywhere else. Bank loans create deposits but not net financial assets, since there's the need to repay the loan + interest.)
@@SabineHossenfelder Hi Sabine! It would very interesting to learn your thoughts about Multiverse Computing, which seems to be one of the biggest quantum computing software companies in Europe.
@@SabineHossenfelder Thanks, Sabine! One overlooked area is how AI, combined with advanced analysis, can significantly improve personalized medicine in healthcare. From my experience, we can see up to 70% improvement in patient outcomes, but since it’s not as profitable as other ventures like deep fake videos, images, and voice, it often goes unfunded.
@@SabineHossenfelder Thanks, Sabine! One overlooked area is how AI, combined with advanced analysis, can significantly improve personalized medicine in healthcare. From my experience, we can see up to 70% improvement in patient outcomes, but since it’s not as profitable as other ventures like deep fake pictures, videos or voice, it often goes unfunded.
Every Video on this channel is a theme where I say „oh yeah that’s an interest thought“. Love it. Also no bullshit , directly to the point, well dosed criticism with a good portion of humor, very German, very perfect!
Sabine, I am creating a startup, based entirely on the money I could get from people by marketing the sound of your voice saying "bullshit"! I love it, and believe we should share you with others! Cheers, Keith.
This is how the tech industry operates at large. The reality is that quantum and AI are going to go the same way as cloud and other internet 2.0 technologies. A few successful companies will pump the rest of the industry, VC money will go wild, and eventually we'll get to a point that some real applications will be found and the industry will move onto the next thing in tech. Companies like twitter, facebook, uber, etc did not see profits for like a decade. VC's want you to spend money and grow, not to get profitable. I understand your point that there should be skepticism around quantum computing, and criticism for the tech economy as a whole, but these problems are not unique or new
You are a very smart person. Not sure if I am going to sell my recently hype-fueled shares of IONQ yet, but for sure you made me aware and will take a deeper dive of the risks.
That's something Maggie Thatcher would say. Yes, it is disgusting government's subsidize AI Hype electricity bills. But that's not the "taxpayer". The government investment is *_not_* using "taxpayer money". Which would be counterfeit money. The state tax credit used for public investment can only come from the government, and does not come from anywhere else. Bank loans create deposits but not net financial assets, since there's the need to repay the loan + interest. The problem with stupid government investment is the opportunity cost. The electricity could be put to far better use for public purpose. It'd be far more uplifting to society if the public investments were in healthcare, housing and education, which traditionally they used to be but less so these days in the brainworm neoliberal era.
At least for AI, there is a viable (and already existing) revenue stream. It's no way near enough to pay the bill for it, but it's a different difficulty to cut costs and increase revenue (iteratively improving what you have) compared to coming up with any way to make money from the thing.
We will pay for rolling blackouts too. Environmental lawsuits shut down new fossil fuel plants, clean or not. It takes decades to build a nuclear plant. Wind and solar cannot replace both lost supply and exponential expansion of AI, data centers and reshored manufacturers. They lie, we die.
Not just energy bills but infrastructure, resources etc. So they can be global corporations that don't pay any taxes and give their earnings to some shareholders. -_- That's also the case in drug research and vaccines. Government and public funds research then some company get rich by it. -_-
But some, unfortunately, are. "Insider Trading" at it's finest. It's not a new thing. And if a Company gets into trouble, there are always shortsellers, who can play dice. Hired ones, or interested ones.
The qunatum toaster that burns your toast and doesn't at the same time. But when you check your toast (i.e. take a measurement), it's either burnt or not because the wave function collapses.
I appreciate your insightful, knowledge expanding content. You are sharp, cautious in judgement, conscientious and humorous. To my mind, among the best of qualities.💛💛💛
It is a technological frontier sector: the USA ALWAYS invests in the technological frontier (other examples: genomics, new space economy, AI etc), both with private money and public money (unlike China where only the state invests). Will money be burned? Of course, a lot, but the US government and professional investors do not care, they only care about coming first in all frontier sectors to maintain scientific-technological and economic supremacy.
Great video. Please do make more videos about this quantum crap. It is so good seeing someone who really dissects those business methods and the abusing of science.
Holy Hell I already like your content quite a lot, but this new fangled German restating the bullshit matter of factly style with perfect delivery is just Magnificent! I get no bullshit news on fields I'm not knowledgeable enough to judge, physics explained better than most reading material and a good laugh at the expense of empty suits as entertainment! You'll definitely have a profession in public communication for the rest of your life, whichever form you want to make it.
I have learnt about Quantum Computing when I attended a lecture in IIT Delhi. Interesting field it is. Technology used is nice there but the field needs people who can use this technology and further the field and discover new things.
As someone who has done technical diligence on these companies for VCs… Sabine is absolutely correct. What ever happened to necessity being the mother of invention? After my 20 years in the field of quantum technology I suggest there are other areas like metrology, RNG, crypto where current and near-future quantum tech may actually have legit business and defense/Intel applications.
"The Quantum Toaster will takes two pieces of bread, cook the, making two burned-unburned superposition states of bread. Then, with a simple phase-shift, it will create a constructive interference of the two slices to get pure, unburned toasts every time. Invest today!"
I made thousands buying and sellling RGTI, up over 500% in 3-4 weeks. Is it an investable stock? Who knows? Is it a great swing trading stock? Definitely!
Well, you could sell analysis to VCs and other investors who want to spice up their portfolio. Random buying of high risk securities probably feels like buying lottery ticket with change they found in their pockets.
@@Thomas-gk42 oh come on, it's not unethical. European explorers were financed by the same kind of people and I'm pretty sure some veteran help the fat cats choose the best ships/crews to bet on.
but if the government invested in 10 different revolutionary technology and only 1 ends up working, the world becomes a better place. or, ya know, they can spend it on wars half-way across the world or help countries commit genocide or fund organizations that want to allow men in women's sports/spaces and other equally disgusting and ridiculous woke ideologies...
Great explanation for how VCs can execute a legal pyramid scheme. Quantum computing clicks the essential boxes: evolving science, early development stage, barely known but ground floor product applications, industry revolutionary possibilities, etc.
you say legal pyramid scheme but it really isn't that sinister. If that's what it was, people would figure out pretty quickly and not buy in fake companies to become bagholders again and again and again. In reality, although most VC funded companies don't work out, they don't get hundreds of millions of dollars and go public like sabine is suggesting; they just fail with relatively small investments from the VCs and the VCs take the loss. And the few winners that end up creating sustainable businesses create a huge amount of value for the stakeholders and the general public (at least tech start-ups do).
7:50 my god she's SO close to getting it, but still misses the mark entirely. it's really not that complicated how VC works, not just in quantum, but everywhere.
I don't think it's everywhere that venture capital does this. It's only in sectors that haven't figured out any revenue stream yet, which, admittedly, is where most venture capital goes. But, some venture capitalists believe that their investments will generate real revenue and value.
That's right up there with the $650 I paid for my IBM PC Jr in 1983 (with my employee discount). It was pretty useless too. The only application (in DOS 2.0) was to balance my check book, but my bank account was empty by that time!
Thank you for the outstanding analysis of these stocks and the space in general. I think anybody " investing" in this space, outside of a company like IBM should only think of this as a gambling bet and have very tight daily stop lose protection. This space and what is going in it right now, makes bit coin look an old growth stock. Sure, Quantum Computing is probably the next big thing but what is going on right now with these stocks is ACTACTLY what was going on in 1999. Quantum stock investing right now is the canary in the coal mine for want is inevitably going to happen at some point in the future for stock market. This very informative and well-presented video will greatly help me to keep my feet firmly on the ground and my head out of the sky.
This sector is similar to ARK in 2020. They were always too far ahead of the curve to sustain valuations. This sector will show huge returns maybe a year or so, but it will bubble because it's all pre-profit and investor patience will exhaust. Big Money pumps and then collapse. It doesn't mean you can't make good money here, but you must stop loss for the burst.
The problem worn this kind of skepticism is that the stock market has been going up and up for the last 10 years and people who invested made big gains even if some of their money went to “vaporware”, and people who did not invest like me lost out
This is true for most of the last 20 years of silicon valley startup culture and "tech revolution". Stock markets turned into ponzi schemes with legal documents. Also I would not take beliefs of people working in the field seriusly, as in my native language they say "nobody cuts the tree branch they are sitting on. "
Investing could seem easy, but choosing the right stock without a tested plan might be difficult. For the longest time, I've been attempting to grow my $210,000 portfolio, but the largest obstacle is the absence of a well-defined entrance and exit strategy. On this subject, any input would be really appreciated.
Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q1 2025.
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Market timing is a fools game. Hows that for input. Also don't seek stock advice from physicists. You pretty much just had a physicist tell you that here.
There are many problems with quantum computing. One of the biggest problems is that there is no "to be" model. In other words, there is no clear vision of what they want it to be when it grows up, including how many qbits that will take and what problems they will be able to solve better than digital computers. There is also no business model that would justify the expense of keeping things close to absolute zero, and there is no clear answer as to how they will avoid outside disturbances like cosmic rays.
This has to be the first time I've heard someone who actually knows what they are talking about use the words Quantum Computing and Bullsh*t in the same sentence LOL. Man I'm so glad I found this channel this year, I really look forward to her next video each time!.
Thank you for clarifying it for us, I was wondering why there are so many ad! On stocks that made no sense on how they will receive a return on their investment.
Rigetti, D-Wave and IonQ are all building products for the enterprise market. They all publish their roadmaps and are all on-track based on those plans. They predict the enterprise market will be where their profit comes, and all have started booking revenue from early adopters. Investors are free to follow that vision or not. This is simply how early stage Deep Tech operates.
That is correct, Sabina was wrong. The currency comes from the government, not from the taxpayer (which would be counterfeit money). You'd think governments might want to regulate what happens with these subsidies. Capitalism running on State life-support is _socialism but only for people who already have money._
Fantastic video! I have incurred so much losses trading on my own.... I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
So as someone who is currently doing research on qc as a graduate student. My main area of interest is to actually develop qc's well enough to actually test quantum mechanics, and use their power where need like in med. So if you want to understand a subject then you have to worknwith the material and questions is the closest to really working directly hands on with qm. Personally I don't think qc's are the way of the future for personal use for a very long time for many reasons. I also don't think that these qc companies will ever see much return on investment yet. However there is a potential for scientific discovery, improvement in tech, and of course money to be made. There are other gov contractors working on this topic which is where I hope to end up, knowing full well that this will have small use. Point being do not invest in these qc companies figure that you are making a donation, that you will probably never see an roi on.
Seems on-brand for quantum computing companies to use SPACs so they can be in a superposition between public and private.
ha, wish I'd thought of that!
Does that mean SPACs collapse when observed?
@@bartroberts1514 Only if observed at the quantum level, hidden underneath 10E23 magnitudes of Bullshit.
@@bartroberts1514 Generally, yes. The harder people look into them the more likely they are to collapse. XD
Some conceptions are harder and more painful than others..
Like realizing that you do not know yourself and very little about the world I guess..
Anyway take care and be smarter every day, this is the real meaning between Einstein's "compound interests" 😉
I'm glad you are there to point this BS out.
I’ll never get tired of Sabine saying “bullshit”
It was always self evident
@@EndingSimple Their BS or 'Bad Science'. :)
@@lucashowell7653 ..... hahaha, same here .... I like the way she says bullshit ... LOL
I read a fair amount, and this is the best explanation of what a SPAC is and why they exist that I have run across! Who knew I would find this on a physics UA-cam channel?
Lots of newly-public businesses used the SPAC mechanism during 2020-22. Most of them will fail but so will many businesses taking the IPO route so it's no indication of quality.
Everybody who knew a finance youtube channel would hide that from you. The SPAC has now become the new Derivative market, That went bust in 2007You know, when you bought Bad titles with good ones, in a bundle. SPACS have become that. and Investors do what they do best, invest into foreign assets.(papers in 2007) Hoping for a discount. Nothing changed in the malpractice. Lack of information about what is going on. Transparency? NOT a Stock market Forté.
In recent years SPACs have increasingly gotten used more frequently used but I think they were a mechanism primarily known to economists until DJT used a SPAC to go public earlier this year. SPACs are also known as blank cheque companies and I think that term is pretty descriptive of a the risks involved.
I only watched this video, it explains what a SPAC is very simply, but I don't get why it works. So I start a company that gets lots of venture capital to make some vaporware or run a shitty cash-hemorrhaging social media app or whatever. I take my business plan to NASDAQ saying "list me baby, I wanna IPO!" and they scrutinize it then tell me to get lost.
So now I start a company that does nothing (a SPAC), and bring my business that says "this company is nothing just a shell that may envelop an actual company some day" to NASDAQ so now they say "yes sir have an IPO!" Seriously, how is this better, what am I missing?
A little be unclear what SPAC do to be eligible to be listed on stock exchange. They need to have some revenue ?
My well-known, boring investment advice: invest in boring companies that produce goods/services that you understand (and make a profit at it), or index funds that comprise such companies. Aim to grow rich slowly (e.g., over your working career), and you likely will.
Worked for me.👍👍
Just don't invest in literal Boring Company
@@AG-ig8uf There are some very good Boring companies cutting tunnels in all sorts of useful places also some very volatile companies boring down for minerals.
Probably want the boring boring companies.
Don't do it if there is an actual revolution... But during revolution times, you need a lot of study and luck.
This isn’t advise it’s basic common sense lol
we are extremely happy with you dissecting the entangled pathways of this sort of white collar crime!
It's literally quantum entangled embezzlement!
No crimes have been committed here. This all hinges on Sabines well-informed belief vs the unlikely beliefs of these startups, but at the end of the day neither is a guarantee and there is nothing illegal about founding and funding high risk high reward companies.
@@ObjectsInMotion you can't disagree SPACs are a problem - they allow anything to get a listing. getting a listing is supposed to be a vetting process protecting general public from bad actors. SPACs circumvent this. it is legal now, but really it is a very grey area.
@@ObjectsInMotion that's a way to put it
This pattern is common in business of all sorts. Love that you lay it out for us.
Yes it is cute to watch a former scientist starting to explore the real world.
In The Netherlands we call it "baked air". A term used for useless costly nonsense.
So the bullshit business is baked air and the bullshit products are vapor ware.
Interesting.
So the bullshit business is baked air and the bullshit products are vapor ware.
Interesting.
Well said. I always think of "gebakken lucht" when seeing an air fryer 😂
Funny, in German we call that "hot air"
Good one
Thank you for making such videos. 🙏
I work on superconducting quantum computing. Yeah it kind of hurts to hear Sabine roast the entire field like that, but I can confirm that quantum bullshit is rampant. In the public eye it seems to overshadow the genuine incremental progress being made all the time. It sucks that the future of this awesome science partially depends on the opinions of clueless investor bros who want to predict stock prices with a quantum computer.
It makes the entire field look shady. I feel bad for the genuine researchers who just want to do science, not engage in tech scams like E-lyin' Muskrat
It's all bullshit, I was actually disappointed that she said that some of the companies will make their products, when the fact is that they won't, you and your companies are just SCAMMERS
Understand that, I think Sabine would agree too.
@@viyye Sounds like you lost money on QC stocks!
@@jackfromthe60s no actually, I can smell a scam from a million miles, quantum is a scam with everything that comes with it, you are not a physics if you believe in such crap, I don't care where you got your degree from
Not probably, definitely. The mantra, 'making the world a better place' should be placed at the bottom of the 1984 mottos: Ignorance is strength, War is peace, ...etc. Yep.
👍😂😂
"it will all trickle down" "deregulate" "drill baby drill" "MAGA" and all the other fascist BS far right spouts since 1980s too...
We need more Sabines.
I'm pleased to hear someone have a definite opinion about anything.
I can't get an opinion from a mechanic about what's wrong with my truck.
It seems like the whole world is terrified of having an actual opinion that will be ok or not.
I understand it's a guess, guy, you know more about my truck's ignition system than I do, since I know nothing. Please tell me what you think. I promise I won't sue you.
I only understand about a quarter of what you say but I'd listen just for your courage and tone of voice.
Please continue. I'd give you money but I can't get an opinion of what the eventual repair of my truck will be. It's only been two years, early days, no one knows, or if they do they aren't saying. 😂
I like the concept "Return on Taxation" or ROT
"Imagine you have a start-up with supposedly promising technology that isn't going anywhere, so they're not making revenue." You also just described fusion power in a nutshell.
C'mon. Just another 30 years....
a bit different. fusion power if it's cracked has immediate practical application and a way to profitability. because it's obvious, it's just power production, you would just plug it into the grid, into existing infrastructure.
quantum computing's practical applications are all sort of hypothetical.
so with fusion there is a big question "can it be ever cracked", with quantum computing there are two "can it be ever cracked?" and "can we actually do anything useful with it?"
@@alexmikhylov you could argue quantum computing is already cracked, we have working quantum computers, the second question is what's hindering the progress. You can't really upgrade a product if you don't know what you want to do with it.
@@thesharinganx5847 in that sense fusion is also already cracked: you can kinda fire it, there is plasma, there is energy production, it's just producing way less than you have to input to fire it.
quantum computing is cracked in principle only: every existing quantum computer is technically working but is utterly useless in every practical sense.
@@thesharinganx5847 Are they really working though, or they always need more qubits. I been always asking, why is it that Google achieved quantum Supremacy with only 53 qubits, but we need at least a million qubits for "practical applications", the whole time a 32 bit cell phone is handling practical applications just fine. Maybe someone will actually produce the long awaited QC, but at the moment, its just a scam.
IonQ (NYSE: IONQ), a leader in the quantum computing industry, today announced that it has signed a $54.5 million contract with the United States Air Force Research Lab (AFRL). With a quarter remaining in the fiscal year, IonQ has announced $72.8 million in bookings year-to-date and reiterated its confidence in meeting or exceeding its bookings guidance of $75-95 million for the year I guess they do make money who would of thunk it lol
They made like negative 40 million bucks this year.
Schrodinger's Stock: You can't tell if it goes up or down.
But, hey, with taxing unrealized capital gains, the government will make out like bandits no matter what. 🙄
Dude, you're next level humor. 👍
This is why quantum computers are always marketed as being useful for "certain financial calculations", with stock footage of money going up. It's just there to attract investors who think they can predict the stock market with quantum woo. It's always vague exactly what that means, because it's not true, even in theory.
Well theoretically sure but in application not even close right now. It will probably be useful to only a few investors a very long time from now that are willing to spend more money on people to write quantum algorithms to do so, and they would have probably had a cheaper approximate model that is 95% of what they want. You don't invest in qc right now you are donating to it. Working systems are to far in the future to see any ROI.
Everything I've ever seen about ai smacks of a scam. Even that guy quitting tto say how dangerous and powerful it is. Meanwhile hospitals are still working off vista. 😂
8:48 The Quantum Toaster. GENIUS! 🤣
I'm throwing money at the screen, but nothing is happening yet! Help!
Very eclectic shows; never know what we are going to see. Thank you
A quantum toaster has no appeal these days, if you want that sweet VC, you need a Quantum AI Toaster.
All of a sudden that burnt toast is because your toaster is "learning" its job.
I hope to be gone before government mandated Toast As A Service for a nominal monthly fee is a thing.
👍😂
With IIOT and industry 4.0 if possible. For maximum disruption.
it was just ai hallucinating again
A quantum AI toaster will work much better if you can put toast recipes on the block chain and sell them as NFT.
A scientist using the word Bullshit really is so hilarious... go Sabine we love your content😊
💯
She isn't a scientist
@@Fracasse-0x13 Studied math and theoretical physics with a phd with distinction, worked in Germany, the US, Canada, Sweden and Germany on several topics like LXD, particle physics, anti-gravity, QM, DM, published about 90 scietnific papers and two popular science books. Is currently research member at the institute of mathematical philosophy in Munich and pulished three new papers this year. Now tell us your wisdom, how the term "scientist" is defined!
The real and fair economy is in retreat, while the financial players, hunters and cheaters make the game - til the next bubble bursts. Poor people will be the losers one more time. Do we even need stock trading?
The world has been stock trading since 1611. I don't think equity trading is the cause of that many problems. It allows companies to raise capital and for investors to be rewarded for placing their capital at risk. I am not saying there aren't economic problems in the world. But we need to look at the root causes and not the symptom. There are many other invesment classes as well, we should not single out the stock market. In fact I would say that much of the monkey business goes on in investment classes other than equities. I will concede that the modern financial system can amplify some of the underlying root problems.
@@msromike123 Yes, I agree. Maybe these extreme parctices of predator capitalism in the finacial system should be ruled out.
@@Thomas-gk42 Individual invesors need to invest like Warren Buffet. Never invest in something you don't understand with people you don't know.
I think the issue isn't so much the trading per se, as the lack of information about what is really going on. There's so much nonsense been written about quantum computing!
If your not like from the 60s you never lived in a system that was real and fair, Shit turned into make believe during the 70s and has only gotten more and more dumb. You know most countries economy goes around through debt? The more debt they have the more they can "sell" and then they can print more. its way more complicated like that ofc but it gets you an relative idea on how bullshit everything has become. Also the stock system has changed ALOT from the 1600s, it was bonkers until the great depression in the US, Then they made laws stating they can't be retarded with money and everything was kinda chill until deregulation in the 70s.
Thanks! The same is true of environmental companies. Hey, it’s a testable hypothesis whether it’s caused by affirmative action. See if anyone wants to pay to find out. While you do that, I am going to investigate whether Mushu is good necromancy.
As a quantum engineer, I think of it like research funded by venture capital, and hope that they will be the one that loose the most money when they realize that the quantum magic works for only super specific cases (or not at all). And at this point I would probably switch to be a physics teacher
OK, I'm even more impressed by you. You not only have a science head, and are idealistic - you also have a business head. Sabine, that is a most rare constellation of characteristics. Use them wisely and well.
Sabine, the revenue outpacing expenses thing isn't just a quantum computing thing. Literally every big company does it - Amazon, everything Elon Musk has ever touched, etc. The idea is to run at a loss, driving down prices, to increase marketshare, which draws investment that makes up for the lost revenue. Economically suspicious? Unsustainable? Relies way too much on embedded growth obligations, amplifying small shocks in the economy? Perhaps, but I'm not an economist, so...
This applies to many companies but Amazon and Tesla are both profitable now, and they report pretty strong ROA.
There is ab big difference between a low price strategy to penetrate the market ( if you do this you still need to calculate your prices and you cant do it forever) and making losses because there is no market.
But to be fair: capitalism has gone completely crazy last years.
Please continue making videos that cover loads of different topics. Your point of view is thought provoking and gives me pause on many things - generally for the better. This particular video for example, is helping me make stock market choices more carefully.
Superb video Sabine. Unfortunately the "business world" doesn't really care about progress but rather only profit.
Sabine, I find your videos refreshing and brutally honest. You are very entertaining, in the most honest way, because you are speaking the truth and 1.47 million subscribers know it. Keep up the good work and prosperity to you!
Amazing…! However, a lot of breakthroughs also happen because companies take risks. Personally, a lot of good business ideas are dompt down. So, while it is true what Sabine says there is another perspective for many founders that doesn't get a penny because they don't look sexy enough but have a good revenue strategy.
Totally agree. Do you have something specific in mind that I could help drawing attention to?
That is not a different perspective on SPAC's and pump & dump scams. It is an entirely different business model. Firms or start-ups taking risks with a *_good_* product idea are not trying to scam anyone, or let's say they aught not be _needing_ to scam anyone. They get crowded out by all the charlatans. Here's what's even more wild to many capitalists: the way to protect legitimate inventors and entrepreneurs is with enforcing government regulations against fraud. The laws already exist, but typically neoliberals do not exercise them (since they falsely believe the government is using "taxpayer money". Which would be counterfeit money. The state tax credit used for public investment can only come from the government, and does not come from anywhere else. Bank loans create deposits but not net financial assets, since there's the need to repay the loan + interest.)
@@SabineHossenfelder Hi Sabine! It would very interesting to learn your thoughts about Multiverse Computing, which seems to be one of the biggest quantum computing software companies in Europe.
@@SabineHossenfelder Thanks, Sabine! One overlooked area is how AI, combined with advanced analysis, can significantly improve personalized medicine in healthcare. From my experience, we can see up to 70% improvement in patient outcomes, but since it’s not as profitable as other ventures like deep fake videos, images, and voice, it often goes unfunded.
@@SabineHossenfelder Thanks, Sabine! One overlooked area is how AI, combined with advanced analysis, can significantly improve personalized medicine in healthcare. From my experience, we can see up to 70% improvement in patient outcomes, but since it’s not as profitable as other ventures like deep fake pictures, videos or voice, it often goes unfunded.
Every Video on this channel is a theme where I say „oh yeah that’s an interest thought“. Love it. Also no bullshit , directly to the point, well dosed criticism with a good portion of humor, very German, very perfect!
Sabine, I am creating a startup, based entirely on the money I could get from people by marketing the sound of your voice saying "bullshit"! I love it, and believe we should share you with others! Cheers, Keith.
Where can I invest?😅
Thanks!
Thanks in return from the entire team!
Thank you. I wasn’t aware of this. Great content. I had looked at these stocks and come to similar conclusions!
This is how the tech industry operates at large. The reality is that quantum and AI are going to go the same way as cloud and other internet 2.0 technologies. A few successful companies will pump the rest of the industry, VC money will go wild, and eventually we'll get to a point that some real applications will be found and the industry will move onto the next thing in tech. Companies like twitter, facebook, uber, etc did not see profits for like a decade. VC's want you to spend money and grow, not to get profitable.
I understand your point that there should be skepticism around quantum computing, and criticism for the tech economy as a whole, but these problems are not unique or new
You are a very smart person. Not sure if I am going to sell my recently hype-fueled shares of IONQ yet, but for sure you made me aware and will take a deeper dive of the risks.
Do what i did. Sell 40% .
Now even if it goes to zero I still win
It is way worse for AI who the tax payers basically pay for their energy bills.
and we've only just seen the beginning of it!
That's something Maggie Thatcher would say. Yes, it is disgusting government's subsidize AI Hype electricity bills. But that's not the "taxpayer". The government investment is *_not_* using "taxpayer money". Which would be counterfeit money. The state tax credit used for public investment can only come from the government, and does not come from anywhere else. Bank loans create deposits but not net financial assets, since there's the need to repay the loan + interest. The problem with stupid government investment is the opportunity cost. The electricity could be put to far better use for public purpose. It'd be far more uplifting to society if the public investments were in healthcare, housing and education, which traditionally they used to be but less so these days in the brainworm neoliberal era.
At least for AI, there is a viable (and already existing) revenue stream. It's no way near enough to pay the bill for it, but it's a different difficulty to cut costs and increase revenue (iteratively improving what you have) compared to coming up with any way to make money from the thing.
We will pay for rolling blackouts too. Environmental lawsuits shut down new fossil fuel plants, clean or not. It takes decades to build a nuclear plant. Wind and solar cannot replace both lost supply and exponential expansion of AI, data centers and reshored manufacturers. They lie, we die.
Not just energy bills but infrastructure, resources etc. So they can be global corporations that don't pay any taxes and give their earnings to some shareholders. -_- That's also the case in drug research and vaccines. Government and public funds research then some company get rich by it. -_-
There is nothing like some Sabine in the morning to clear your mind and start your day with a chuckle or two!
Calling "founders" the scammers 😊.
Sabine is very polite ...
But some, unfortunately, are. "Insider Trading" at it's finest. It's not a new thing. And if a Company gets into trouble, there are always shortsellers, who can play dice. Hired ones, or interested ones.
Sabine, thank you for this video. I'm so glad you did this video. We need information like this.
The qunatum toaster that burns your toast and doesn't at the same time. But when you check your toast (i.e. take a measurement), it's either burnt or not because the wave function collapses.
Brilliant and not brilliant 😂😂😂
I appreciate your insightful, knowledge expanding content. You are sharp, cautious in judgement, conscientious and humorous. To my mind, among the best of qualities.💛💛💛
It is a technological frontier sector: the USA ALWAYS invests in the technological frontier (other examples: genomics, new space economy, AI etc), both with private money and public money (unlike China where only the state invests).
Will money be burned? Of course, a lot, but the US government and professional investors do not care, they only care about coming first in all frontier sectors to maintain scientific-technological and economic supremacy.
Daang
One of the best content creators in telling it as it is. Kudos
Love your idea about a Quantum Toaster, unfortunately, that's what normal toasters do anyway.
Genau :)
But FASTER!
Exactly! But you cant sell a normal toaster for 50 Mill.
mmmmmmmmmmmmmmm......quantum toaster leavin's.
@@chuckschillingvideos i dunno. Maybe they're there, and maybe they're not.
Spot on. Lots of mysticism as well. I think the landscape will look a lot different in 6 months.
5:27 oooolala a quantum bunny lol I spit my coffee out when you said that 😂
Thanks!
One of the crankiest Sabine videos ever. Love it!
Great video. Please do make more videos about this quantum crap. It is so good seeing someone who really dissects those business methods and the abusing of science.
So great to see you doing so well on UA-cam post-academic career! Do you have any tips for someone in those same shoes?
ua-cam.com/video/eR2FPeyg_pY/v-deo.htmlsi=PhTFnMAB3cZZLQSg
create a quantum computing consulting and research company
Good work as always , QP is mostly used by the military for encryption/ code breaking .
Is quantum crap in a superposition of being flushed and not flushed until you raise the toilet seat to look?
Right on😂
Could not say better, man 👍
Sabine! You have no idea how true every word you said is.
I’m living it.
Let me know when you get that quantum toaster ready, my toast being burnt and not burnt at the same time sounds like the perfect piece of toast! 🤤🤣
Alas, both states will still fall jam side down!
Hmmh, so it turns it into Hydrocarbons? Splendid, i'll fill my car with it.😂
Holy Hell I already like your content quite a lot, but this new fangled German restating the bullshit matter of factly style with perfect delivery is just Magnificent!
I get no bullshit news on fields I'm not knowledgeable enough to judge, physics explained better than most reading material and a good laugh at the expense of empty suits as entertainment!
You'll definitely have a profession in public communication for the rest of your life, whichever form you want to make it.
I love how Sabine pronounces "people", it sounds very Greek and very German at the same time. "Pay-pull"
Better than Pee-pl for sure :)
I like it when she refers to bullshit as…bullshit.
I have learnt about Quantum Computing when I attended a lecture in IIT Delhi. Interesting field it is. Technology used is nice there but the field needs people who can use this technology and further the field and discover new things.
As someone who has done technical diligence on these companies for VCs… Sabine is absolutely correct. What ever happened to necessity being the mother of invention? After my 20 years in the field of quantum technology I suggest there are other areas like metrology, RNG, crypto where current and near-future quantum tech may actually have legit business and defense/Intel applications.
Great explanations! Thank you, Sabine
"The Quantum Toaster will takes two pieces of bread, cook the, making two burned-unburned superposition states of bread. Then, with a simple phase-shift, it will create a constructive interference of the two slices to get pure, unburned toasts every time. Invest today!"
I thought it would use a quantum eraser to undo any potential burning. Or alternatively use weak measurements to separate the burn from the toast.
I made thousands buying and sellling RGTI, up over 500% in 3-4 weeks. Is it an investable stock? Who knows? Is it a great swing trading stock? Definitely!
Well, you could sell analysis to VCs and other investors who want to spice up their portfolio. Random buying of high risk securities probably feels like buying lottery ticket with change they found in their pockets.
I know ppl doing that
@@SabineHossenfelder oh. the ppl you know are much smarter than me =]
@@rahantr1 clearly also smarter than me!
@@SabineHossenfelder but less ethical
@@Thomas-gk42 oh come on, it's not unethical. European explorers were financed by the same kind of people and I'm pretty sure some veteran help the fat cats choose the best ships/crews to bet on.
Thank you, Sabine!!!
3:27 - The "investor" is apparently The American People, and we are apparently getting nothing out of it...
damn it, not again!
but if the government invested in 10 different revolutionary technology and only 1 ends up working, the world becomes a better place.
or, ya know, they can spend it on wars half-way across the world or help countries commit genocide or fund organizations that want to allow men in women's sports/spaces and other equally disgusting and ridiculous woke ideologies...
5:35 ❤ The quantum bunny is very cute. It is very fluffy and not fluffy at the same time 😂
It's not fair to call quantum computing a pump 'n dump. It's more like a pump 'n dump with extra steps.
Con artistry with scientific characteristics.
Love your sense of humor 😂. However, quite a serious topic. Thank you for your service.
Great explanation for how VCs can execute a legal pyramid scheme. Quantum computing clicks the essential boxes: evolving science, early development stage, barely known but ground floor product applications, industry revolutionary possibilities, etc.
you say legal pyramid scheme but it really isn't that sinister. If that's what it was, people would figure out pretty quickly and not buy in fake companies to become bagholders again and again and again.
In reality, although most VC funded companies don't work out, they don't get hundreds of millions of dollars and go public like sabine is suggesting; they just fail with relatively small investments from the VCs and the VCs take the loss.
And the few winners that end up creating sustainable businesses create a huge amount of value for the stakeholders and the general public (at least tech start-ups do).
An eye opening video indeed, thankyou for sharing your time and knowledge.
7:50 my god she's SO close to getting it, but still misses the mark entirely. it's really not that complicated how VC works, not just in quantum, but everywhere.
I don't think it's everywhere that venture capital does this. It's only in sectors that haven't figured out any revenue stream yet, which, admittedly, is where most venture capital goes. But, some venture capitalists believe that their investments will generate real revenue and value.
I'm happy about this video. Thanks.
Very interesting, especially “vapourware”. PT Barnum would be jealous. Better than “This Way to the Egress”.
That's right up there with the $650 I paid for my IBM PC Jr in 1983 (with my employee discount). It was pretty useless too. The only application (in DOS 2.0) was to balance my check book, but my bank account was empty by that time!
Yes. All the governments are pissed about a possible cryptographic application.
Thank you for the outstanding analysis of these stocks and the space in general.
I think anybody " investing" in this space, outside of a company like IBM should only think of this as a gambling bet and have very tight daily stop lose protection.
This space and what is going in it right now, makes bit coin look an old growth stock.
Sure, Quantum Computing is probably the next big thing but what is going on right now with these stocks is ACTACTLY what was going on in 1999.
Quantum stock investing right now is the canary in the coal mine for want is inevitably going to happen at some point in the future for stock market.
This very informative and well-presented video will greatly help me to keep my feet firmly on the ground and my head out of the sky.
We pay mare than you think every time we have to listen to you question what you have a dispute with
Agree lol
This sector is similar to ARK in 2020. They were always too far ahead of the curve to sustain valuations. This sector will show huge returns maybe a year or so, but it will bubble because it's all pre-profit and investor patience will exhaust. Big Money pumps and then collapse.
It doesn't mean you can't make good money here, but you must stop loss for the burst.
This, we pulled forward 10-15 years of revenue if it even works. AI is just getting started and people moved on to quantum? Lol
The problem worn this kind of skepticism is that the stock market has been going up and up for the last 10 years and people who invested made big gains even if some of their money went to “vaporware”, and people who did not invest like me lost out
The markets can remain irrational longer than you remain solvent.
This is true for most of the last 20 years of silicon valley startup culture and "tech revolution". Stock markets turned into ponzi schemes with legal documents. Also I would not take beliefs of people working in the field seriusly, as in my native language they say "nobody cuts the tree branch they are sitting on. "
Nice segment!🤙🏼
Schroedingers toast 😹
Didn't come here expecting to finally hear in plain-English what a SPAC is. Thank you :)
Investing could seem easy, but choosing the right stock without a tested plan might be difficult. For the longest time, I've been attempting to grow my $210,000 portfolio, but the largest obstacle is the absence of a well-defined entrance and exit strategy. On this subject, any input would be really appreciated.
Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q1 2025.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Market timing is a fools game. Hows that for input. Also don't seek stock advice from physicists. You pretty much just had a physicist tell you that here.
There are many problems with quantum computing. One of the biggest problems is that there is no "to be" model. In other words, there is no clear vision of what they want it to be when it grows up, including how many qbits that will take and what problems they will be able to solve better than digital computers. There is also no business model that would justify the expense of keeping things close to absolute zero, and there is no clear answer as to how they will avoid outside disturbances like cosmic rays.
I've been saying this for years. Basically since the quantum crap, started.. it's all based on a misunderstood theory.
Love what you do, Sabine. And I see I'm not the only one....
Quantum computing has more potential than AI
This has to be the first time I've heard someone who actually knows what they are talking about use the words Quantum Computing and Bullsh*t in the same sentence LOL. Man I'm so glad I found this channel this year, I really look forward to her next video each time!.
"Quantum Computing" for hardware hype.
"AI" for software hype.
Sounds about right...
Cloud Quantum AI on the blockchain!
Thank you for clarifying it for us, I was wondering why there are so many ad! On stocks that made no sense on how they will receive a return on their investment.
Rigetti, D-Wave and IonQ are all building products for the enterprise market. They all publish their roadmaps and are all on-track based on those plans. They predict the enterprise market will be where their profit comes, and all have started booking revenue from early adopters. Investors are free to follow that vision or not. This is simply how early stage Deep Tech operates.
Same as with Musk. Where do the riches come from? Printed $$$$ by the Fed.
That is correct, Sabina was wrong. The currency comes from the government, not from the taxpayer (which would be counterfeit money). You'd think governments might want to regulate what happens with these subsidies. Capitalism running on State life-support is _socialism but only for people who already have money._
Carbon credits from ICE manufacturers. So The Great Fountain of Bullshit.
not comrade, Musk’s riches come from real products that his companies sell like cars, X (advertising), Starlink or SpaceX (many clients).
Great story very well done.
Fantastic video! I have incurred so much losses trading on my own.... I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??
Same here, my portfolio has been going down the drain while I try trading,I just don't know what I do wrong..
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
I think l'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Fenella..
Highly recommended 🙌
Wow, I'm surprised to see Fenella mentioned here as well. I didn't know she had been kind to so many people
I'm also a huge beneficiary of her..
I thought myself and my family were
the only ones enjoying Fenella
trade benefits
What an eye opening video, I would like to hear your take on mushroom motherboards and wetware bio-tech.
4:12 - That's "vaporware" for those of you not in the UK or Canada... they leave "u" out...
Lol, I knew that this caption was going to trigger someone, which is why I commented elsewhere, thanking her for using the British spelling.
@@lollerich My Darling Wife is a native Toronton, and I tease her about the stray "U" all of the time...
So as someone who is currently doing research on qc as a graduate student. My main area of interest is to actually develop qc's well enough to actually test quantum mechanics, and use their power where need like in med. So if you want to understand a subject then you have to worknwith the material and questions is the closest to really working directly hands on with qm. Personally I don't think qc's are the way of the future for personal use for a very long time for many reasons. I also don't think that these qc companies will ever see much return on investment yet. However there is a potential for scientific discovery, improvement in tech, and of course money to be made. There are other gov contractors working on this topic which is where I hope to end up, knowing full well that this will have small use. Point being do not invest in these qc companies figure that you are making a donation, that you will probably never see an roi on.
This makes my head spin. Thank you for walking through it!
Your discernment is priceless.👍
LOVE IT, love your realism 🙂↔️😸
6:04 Sabine pulls no punches!