computer-science
US government takes $2 billion equity stake in nine quantum computing firms
The US government will take equity stakes worth a total of $2 billion in a slew of quantum computing companies, including a startup backed by a firm with links to the Trump family and one taken public by a Pentagon official. The announcement by the commerce department that it had signed letters of intent with nine companies—including Global Foundries and IBM—sent shares in quantum specialists soaring on Thursday. Both IBM, which is set to get $1 billion, and Global Foundries, which will receive $375 million, were up more than 6 percent in pre-market trading. D-Wave Quantum, an awardee that was taken public in 2022 by Emil Michael—now a top Pentagon official—was up more than 20 percent.Read full article Comments
Article preview — originally published by Ars Technica. Full story at the source.
Read full story on Ars Technica →
More top stories
Also covered by
Yahoo Finance
U.S. awards $2 billion to quantum computing firms, takes equity stakes
Forbes
U.S. Will Invest $2 Billion In Quantum Computing Firms And Take Equity, Report Says
Decrypt
US Government Makes $2 Billion Bet on Quantum Computing as Threat to Bitcoin Grows
Engadget
US is taking equity stakes in IBM and other quantum computing companies
Aggregated and edited by the Scoop newsroom. We surface news from Ars Technica alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop