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US government takes $2B equity stakes in quantum computing firms

By PulseAugur Editorial · [1 sources] ·

The U.S. government is acquiring $2 billion in equity stakes across nine quantum computing companies, including major players like IBM and D-Wave Quantum. This initiative, part of the CHIPS R&D investments, aims to bolster domestic quantum capabilities and create jobs. Notably, one of the recipient companies, PsiQuantum, has ties to Donald Trump Jr.'s investment firm, while D-Wave Quantum was taken public by a current Pentagon official. AI

IMPACT Government investment in quantum computing could accelerate breakthroughs in areas like cryptography and simulation, impacting future AI development.

RANK_REASON Government investment in a strategic technology sector with significant funding amount. [lever_c_demoted from significant: ic=1 ai=0.4]

Read on Engadget →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

US government takes $2B equity stakes in quantum computing firms

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Government investment in a strategic technology sector with significant funding amount. [lever_c_demoted from significant: ic=1 ai=0.4]
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COVERAGE [1]

  1. Engadget TIER_1 English(EN) · [email protected] (Steve Dent) ·

    US is taking equity stakes in IBM and other quantum computing companies

    The US government has taken $2 billion worth of equity stakes in quantum computing companies, including one linked to the Trump family.

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