A one-day seminar, the Quantum Summit, held on January 27, 2016 featured scientists and leaders of industry discussing current work exploring quantum physics. One highlight of the seminar was the panel discussion Why quantum computing, and why now? Moderated by Jennifer Ouellette, senior science editor at Gizmodo.com the panel included: Ray Beausoleil, HP Laboratories; Charles Bennett, IBM Fellow; Parsa Bonderson, Microsoft; Jim Clarke, Intel; Raymond Laflamme, Institute for Quantum Computing; Hartmut Neven, Google. Watch a video of the panel discussion. During other sessions at the summit, John Martinis of Google spoke about quantum simulation with superconducting qubits; Oskar Painter, the John G. Braun Professor of Applied Physics at Caltech, presented on acoustic quantum transducers; and David Wineland, a Nobel laureate from National Institute of Standards and Technology, described the latest thinking on entangled trapped ions.