Explore the latest developments concerning Exclusive | U.S..
Quantum computing CEOs hope “validating” government backing proves their technology is no longer speculative
The government funding is a push to boost the foundational elements of quantum computing to get the industry ready for prime time. The CEOs of Infleqtion and D-Wave give us their thoughts.
In recent years, publicly traded quantum computing upstarts have been whipped around by grand pronouncements from the world’s largest companies and the presumption of support from the government of the world’s largest economy, causing massive waves of retail money into and out of their stocks.
Thursday’s massive gains in Infleqtion, D-Wave Quantum, and Rigetti Computing were no exception. The surges came as the Trump administration awarded grants to these firms, among others, in exchange for equity stakes.
Department of Commerce Announces Letters of Intent With 9 Companies for $2 Billion to Accelerate U.S. Leadership in Quantum Computing
Official websites use .gov
A .gov website belongs to an official government organization in the United States.
Secure .gov websites use HTTPS
A lock (
Lock
A locked padlock
) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.
WASHINGTON, D.C. – The Department of Commerce today announced the signing of 9 letters of intent to provide $2.013 billion in federal incentives under the CHIPS and Science Act.
These funds will support a portfolio of quantum companies, including two domestic quantum foundry companies and 7 quantum computing companies to accelerate solving the most critical technology challenges in the race to develop utility scale, fault-tolerant quantum computers.
Ohuhu Bamboo Marker Organizer Wooden Desktop Storage Hold 126 Markers Pens Pencils Art Brushes Stationary Organizer Pen Holder
The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.
For more detailed information, explore updates concerning Exclusive | U.S..
0 Comments