The key words here are "proper regulation". In an era where industries have captured governmental bodies, there will likely be no such regulation, and these tech companies will continue to siphon up resources and funnel them to a handful at the top.

A quote from the article is especially ludicrous: > to benefit society by advancing scientific discovery, developing helpful applications, and tackling some of society's greatest challenges

You don't need a quantum computer to do this. We can solve housing and food scarcity today, arguably our greatest challenges. Big tech has been claiming that it's going to solve all of our problems for decades now and it has yet to put up.

If you want this type of technology to be made and do actual good, we need publicly funded research institutions. Tech won't save us.