Oct 24, 2018|
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
Stay on top of breaking financial news by becoming a member of carries brigade blog on the financial exchange should dot com and sign up today. We talked a little bit about quantum computing at the end of our last segment joining us now from New York Times as he Mets. Gonna talk about why there's a talent shortage that's developing. With regards to quantum computing Kate thanks for joining us today. Appear to it so we went kind of into the basics of quantum computing which my understanding is fairly limited. A cure is where where's the bottleneck what kind of bottleneck is developing as far as people who were able to research this kind of technology. Well just fundamentally there are a limited number of people on her then we know how to do if it's not me correct has. It exactly not mean you. And you know it is that you don't a product of the fact that this is still experimental technology. And it is very different than the types of machines that we have built as a society. I'm for the past several decades. It just fundamentally uses different techniques. And and we're only at the earliest stages. I'm really getting the point where we can build a practical machine in this clip. And the reality of it is not a lot of this talent. It is he's not in the US since its overseas. And for anyone whether you're working. Here in the U rents were you working in China. Wherever else. You know as it is this site via. Comes to the floor and as you have some of the biggest companies let alone the biggest governments on our current bill the technology. And there is going to be a limited pool of talent they can. So in terms of I guess there's two separate questions. Question number one are there any policies in place right now in the US that are making it more difficult. For either companies and universities to attract talent that specializes in quantum computing. Well there's been there isn't a broader issue not just the quantum computing. But with all sorts of areas. But technology. You know traditionally. Published over the past several decked in the that the US has proven. Heavily from from overseas when it comes to. In a preview for universities as well companies in the areas of technology. And what we've seen recently one example that the area. Call artificially intelligent. What and other places. You know knew Canada for a specific you'd center. The top talent in that area as well as Europe and other places. And we're no where you basically see. It is it's kind of effect where these researchers. Are more wary of coming to the US I'm more aware of Spain in the US. They can be harder to recruits. Just because of changes in immigration policy. So this kind of a chilling effect that affects some people and and and whether or not they want the com. There's also the issue of immigration and you know we've seen that in derby when it weighs recently. There was a study on the national optical society. Which look at the enrollment. In into programs across the country and there was a 12%. Trot. And applicants for my overseas. To Pittsburgh and the US to one year. And and so there worry is that well that will continue as time goes on and and the number will continue crop in the top academic programs. In their of course there's a knock on affect the industry. What about specifically with what either the US or other countries are doing to try to attract specifically. Quantum computing researchers where things stand on that front. Well I don't know I look at it in the east this week in the time to accompany all the auto. Computing they're based in Cambridge. They're one of the companies and trying the gala. The side the industry and that it didn't gonna happen. Even though this is excrement up technology is gonna happen pretty quickly over the next few years. Pursuing the biggest companies on earth as well as startups like this. Trying to commercialize this idea and the plot. As that recently hired are hurt pick and extended job offers. To three different people who were born overseas and they've waited for several months. To two to receive noticed that the current State Department that these in your potential employees have received pieces that come come to work in the yet to receive. Those pieces and then. It's just indicative of a larger concern among companies like. That it's just gonna become murder. I'm accustomed to the talent spread across the globe. Very good Kate thank you for joining us they we appreciate the time. I Cade Metz from the New York Times talked about the tech talent shortages it relates to quantum computing you know he's always been two sides to that argument. The you know you had a lot of tech workers would come in from India and Pakistan. And if you talk to American tech workers they'd say while their depressing wages and because they've got coming in in the rule into work for 65 thousand's that nine. In this particular case though. You're talking about a very finite group and you guys didn't mention this but. Eat your your talking about the kids at school work perfect on their Mathis ET's that that there's just beat. Very blunt about these are. Yet highly intelligent and gifted. Math students yet these are. Effectively the brightest of the bright and not only that they've chosen to specialize in a very narrow field it's not something. Where you can easily transition into quantum computing you know the problem is that companies that pot. That you mention it yeah the they want to hire these three young people who are I. Guarantee you're gifted. Now the investors ins upon it it's a start up are saying. Well geez if we can't higher than here. Let's take them up to Montreal to open an office in Montreal let's open an office and drop lets open an office in Paris London where ready. It wherever the immigration policies you know more relaxed the problem is that's creating a Braintree we educate these kids and MIT we educate these kids at Harvard north eastern EU. And then we say get the hell out. Maybe he doesn't quite make sense does well there's a lot of people we don't want it. Right amateur these are the kids that we don't want it or if it's it's just you you look at this again you you have people who were being educated here and and money wants to keep these people here. Big money but it's just the way the system is set up their non don't want to navigated you don't want to lose that technology. That B I don't understand fully. Quantum. That's a sin on techno and understands having me on and off missing I don't. But I do know that hates me because dim if he talked to people in that field he will tell you. Whoever wins that war. You whoever's the first to figure that out. Has a lot of power on in in in oh finally remembered what the name of the little instead of transistors Coulter called. Cuba its QU BIT yes that's that's the term for them and right now the the basic quantum computers that are available. As a available there's like. Half dozen in the world there are many of these things. They can do really basic things is that just aren't that they've been able layer many of these bits back to back to back it's it's a case of hey when you get to the point were you able to build something that you know operates more efficiently. Against stuff is as. You know critical to our infrastructure as the encryption that we have through for the unit and things like that. It could all be. Potentially overwhelmed by this new technology.