Recent advancements in quantum computing have been announced by major industry players IBM, Microsoft, and Oxford Quantum Circuits, highlighting breakthroughs in quantum error correction and qubit efficiency. IBM revealed a new quantum error-correction scheme and a roadmap toward building the first large-scale, fault-tolerant quantum computer. Microsoft introduced a family of novel four-dimensional codes that reduce quantum error rates by a factor of 1,000, significantly lowering the number of qubits required and bringing fault-tolerant quantum computing closer to practical realization. Oxford Quantum Circuits reported a new error-detection method that further reduces qubit requirements, with claims of a one-in-6.7-million qubit leap that could redefine quantum computing. Industry leaders emphasize the transformative potential of quantum technology, with Jeremy O’Brien, CEO of PsiQuantum, calling it the most profoundly world-changing technology discovered by humans. Meanwhile, the European Union is pursuing an ambitious quantum strategy, shifting toward private funding to accelerate innovation and compete with the United States and China in the quantum technology race. The EU aims to leverage excellent science and private investment to drive economic impact and maintain competitiveness in this emerging field.