Former Cisco CEO John Chambers has lived through the biggest technology trends over the past 40 years, from the World Wide Web to cloud computing to artificial intelligence. Another trend, quantum computing, was in the spotlight when Chambers, now a Silicon Valley venture capital investor and chair of JC2 Ventures, shared his insights into the state of the tech industry with Investor’s Business Daily. The timing was ideal. Chambers is familiar with and a veteran of disruptions, especially those that roil Wall Street where investors are constantly figuring out if placing bets on new technologies is worth it. That’s what’s been happening with quantum computing stocks, which crashed after Nvidia CEO Jensen Huang argued that the technology won’t be “very useful” for 15 to 30 years. The comments sparked a sell-off in quantum computing stocks including IonQ, D-Wave and Rigetti Computing. Huang’s comments have triggered a debate of sorts in the tech industry. Meta Platforms CEO Mark Zuckerberg, echoed Huang’s opinion. Meanwhile, SAP CEO Christian Klein pushed back on the view that quantum computing won’t have a significant impact in the near future. Now, Chambers has weighed in. The Silicon Valley veteran agrees with the Nvidia CEO. “I think it is a very important technology, but it is further out,” he told Investor’s Business Daily.

Full story : Quantum Computing Further Out In The ‘AI Decade,’ John Chambers Says.