Quantum computing is gaining significant business and commercial potential, according to a new report by researchers at the MIT Initiative on the Digital Economy. The “Quantum Index Report 2025” provides a comprehensive assessment of the state of quantum technologies, aiming to make them more accessible to entrepreneurs, investors, teachers, and business decision-makers. The report highlights the increasing interest in quantum computing, with the US leading the field with over 40 quantum processing units (QPUs). The report also notes that quantum technology patents have soared, with corporations and universities leading innovation efforts. Venture capital funding for quantum technology reached a new high point in 2024, with quantum computing firms receiving the most funding ($1.6 billion) followed by quantum software companies at $621 million. Businesses are also buzzing about quantum computing, with the frequency of mentions each quarter increasing from 2022 to 2024. The demand for quantum skills has nearly tripled since 2018, prompting universities to establish quantum hubs and programs connecting business leaders with researchers. The report highlights the rapid progress and developments across various areas, indicating a broad and deep development in the field.