US government takes $2 billion equity stake in nine quantum computing firms
[RSS: feeds.arstechnica.com] Beneficiaries include startup backed by firm with links to the Trump family.
US government takes $2 billion equity stake in nine quantum computing firms
[RSS: feeds.arstechnica.com] Beneficiaries include startup backed by firm with links to the Trump family.
[RSS: feeds.arstechnica.com] Beneficiaries include startup backed by firm with links to the Trump family.
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 companiesโincluding GlobalFoundries and IBMโsent shares in quantum specialists soaring on Thursday.
Both IBM, which is set to get $1 billion, and GlobalFoundries, 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 Michaelโnow a top Pentagon officialโwas up more than 20 percent.
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