Quantum Could Break Encryption By 2029: Arm Co-Founder

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0:00What are you seeing right now in terms of the way quantum is progressing and

0:03the way industry is progressing and the timelines people need to be aware of?

0:07This I have never experienced before in any of the technology waves that I've been involved in.

0:14There is a clearly defined event in quantum computing called Q-Day. And

0:19Q-Day is the day that a quantum computer can crack RSA 2048.

0:24RSA 2048 is the main encryption standard that we use for all the bank transfers,

0:29for all the secret messages between governments,

0:31for the end-to-end encoding of WhatsApp messages. So, it is the standard that we use for everything.

0:38We know that a quantum computer algorithm called Shor's algorithm

0:42can crack RSA 2048. And because this is such a fundamental event,

0:49all the experts in quantum computing get together once a year to make a prediction of when Q-Day

0:56will happen, and that prediction has been for many, many years 2035. Until a month ago.

1:03A month ago, both Google and Oratomic showed that you don't actually need a million qubits to run

1:10Shor's algorithm as we all thought, but as little as 26,000 or maybe 10,000 will suffice. This

1:17brought in that potential Q-Day from 2035, 9 years out, to as early as potentially 2029, 3 years out.

1:28So, the whole importance of quantum computing has become much closer than

1:34anybody thought for many years.