Bank of America could be setting a new high bar for bullishness when it comes to quantum computing. Analysts at the financial institution, in a recent note to investors, compared the rising technology to humanity’s very first groundbreaking innovation. “This could be the biggest revolution for humanity since discovering fire,” the financial institution wrote. “A technology that can perform endless complex calculations in zero-time, warp-speeding human knowledge and development.” While acknowledging that quantum computing is not yet ready for commercialization, the bank said it could still unlock economic value by processing data at scale. (Bank of America has not initiated coverage on any quantum computing stocks.) Quantum computing, at its core, will allow computers to work exponentially faster than they do today. At the most basic level, today’s computers do what they’re told to do using binary codes and bits—represented as a 0 or 1. By using qubits, quantum computers let those bits be both 0 and 1 at the same time. That allows them to theoretically perform complex simulations in a fraction of the time. While much of the tech world’s attention at present is on which country or company will become dominant in artificial intelligence, Bank of America said quantum computing should be the primary goal.

Full commentary : Why Bank of America analyst says quantum computing technology ‘will reset everything,’ including the future of AI.