US is taking equity stakes in IBM and other quantum computing companies
Key takeaways
- One of those companies is linked to Donald Trump Jr. and another to a top Pentagon official.
- IBM was the biggest beneficiary, along with firms including D-Wave Quantum, Atom Computing and Psi Quantum, according to The Financial Times and press releases from D-Wave and PsiQuantum.
- "These strategic quantum technology investments will build on our domestic industry, creating thousands of high-paying American jobs while advancing American quantum capabilities."
One of those companies is linked to Donald Trump Jr. and another to a top Pentagon official.
Javier Mostacero Carrera/Getty Images The US government has taken $2 billion worth of equity stakes in nine quantum computing companies, including one linked to the Trump family and another taken public by a current Pentagon official. IBM was the biggest beneficiary, along with firms including D-Wave Quantum, Atom Computing and Psi Quantum, according to The Financial Times and press releases from D-Wave and PsiQuantum. The deals reportedly aren't final and the White House is still soliciting proposals from other tech firms.
"With today's CHIPS Research and Development investments in quantum computing, the Trump administration is leading the world into a new era of American innovation," said US commerce secretary Howard Lutnick in a statement. "These strategic quantum technology investments will build on our domestic industry, creating thousands of high-paying American jobs while advancing American quantum capabilities."