A broad perspective of quantum technology state of the art is provided and critical stumbling blocks for quantum technology development are identified. Innovations in demonstrating and understanding electron entanglement phenomena using bulk and low‐dimensional materials and structures are summarized. Correlated photon‐pair generation via processes such as nonlinear optics is discussed. Application of qubits to current and future high‐impact quantum technology development is presented. Approaches for realizing unique qubit features for large‐scale encrypted communication, sensing, computing, and other technologies are still evolving; thus, materials innovation is crucially important. A perspective on materials modeling approaches for quantum technology acceleration that incorporate physics‐based AI/ML, integrated with quantum metrology is discussed.