This investment may signal the US government's growing interest in quantum computing for aerospace and defense applications. The funding could accelerate the development of quantum technologies, which suggests potential breakthroughs in fields like cryptography and materials science, and may give the US a competitive edge in the global quantum computing race.
Government Backs Nine Companies For Large-Scale Quantum Development
The US government is set to invest over $2 billion in nine quantum computing companies to accelerate the development of large-scale, fault-tolerant quantum computers. In exchange for the funding, the government will receive minority equity stakes in the companies. The proposed investment is expected to establish two quantum computing hubs, according to a report by Aviation Week.
This investment may signal the US government's growing interest in quantum computing for aerospace and defense applications. The funding could accelerate the development of quantum technologies, which suggests potential breakthroughs in fields like cryptography and materials science, and may give the US a competitive edge in the global quantum computing race.
Government Backs Nine Companies For Large-Scale Quantum Development
The US government is set to invest over $2 billion in nine quantum computing companies to accelerate the development of large-scale, fault-tolerant quantum computers. In exchange for the funding, the government will receive minority equity stakes in the companies. The proposed investment is expected to establish two quantum computing hubs, according to a report by Aviation Week.