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U.S. puts $300 million into three quantum computing firms for equity stakes, Quartz reports

D-Wave, Rigetti and Quantinuum each finalized a $100 million research and development agreement with the Commerce Department, which will receive minority stakes, Quartz says.

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1 Source, 24d ago, first seen 24d ago

TLDR

Quartz reports that Washington provided $300 million to D-Wave, Rigetti and Quantinuum as part of a broader $2 billion CHIPS Act push. Each company finalized a $100 million research and development agreement with the U.S. Department of Commerce, which the outlet says will receive a minority stake in each firm.

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@qzThe U.S. government is now a quantum computing investor: Washington just handed $300 million to three quantum computing firms — and took equity stakes in each one in return. It's part of a larger $2 billion CHIPS Act push to… https://dlvr.it/TVNRJx #QuantumComputing #CHIPSAct24d
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    1 Source

    @qzThe U.S. government is now a quantum computing investor: Washington just handed $300 million to three quantum computing firms — and took equity stakes in each one in return. It's part of a larger $2 billion CHIPS Act push to… https://dlvr.it/TVNRJx #QuantumComputing #CHIPSAct24d
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