. >> they raised more than $600 million in the ipo peter chapman showed some of the cutting edge computers they're working on. >> this is one of the quantum kpiers. >> this here >> yes. >> prefer you didn't running jobs for customers >> those current customers include amazon, google, goldman, sachs, use it to develop quantum algorithms to model financial risk they'll be able to do amazing things, including within ten years being able to break most encryption used around the world today. >> everything that is protected today uses an encryption that quantum should be able to break. we already know theal go rhythm how to do it we're just waiting for the computer to get to be fast enough to be able to break it. >> and he also explained the engine powering the company's machines >> there's a set of atoms that levitate in a vacuum chamber, and the computers out back have 11 atoms we use them as cube its to similar what a bit is in a classical computer at about 120 cubits, one of these devices will be able to consider the same number of possible states as there is atoms in the known universe. >>

when you get there, that's when things get really mind bending peter chapman, the ceo here at ionq, toldinks this will lead to a wave of productive in the economy greater than the wave from computers themselves if you think about that exponential growth we saw over the past 50 years in the economy, he says we could see something even bigger than that in the ten, 20, 30 years to come because of these quantum machines the amount of calculations they can do simultaneously, he says a classical computer solves a maze by going down one path at a time to figure out the solution a quantum computer will do all the paths at the same time, solve it instantly he is talking about the number of calculations greater than the total number of atoms in the observable universe. the numbers are startling. the impact to the economy is potentially massive if somebody perfects this technology there are real quantum computers right in the back room here at i-on q. >> fascinating we could be talking about the effects of this for years and years dom. that's really good work. eamon javers and kate rooney. >>> a te