The quantum computing industry is evolving quickly. Hundreds of millions of dollars in government funding are in play, and quantum firms are making rapid pivots into industries ranging from defense to software and beyond.
Newer entrants to the space, like French firm Pasqal (NASDAQ: PSQL), face a difficult battle against established competitors. As a result, these firms must differentiate themselves to stand out and find a niche, while also seeking ways to generate sustainable profits.