The U.S. Government Just Became A Quantum Investor
WisdomTree·
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⚡ TL;DR · AI summary
The U.S. government has announced a significant investment in the quantum computing sector. It will allocate $2 billion in grants to nine companies while also taking minority equity stakes in each. This move indicates a strategic shift towards recognizing quantum computing as a vital commercial industry.
Key facts
- ▪The U.S. Commerce Department will award $2 billion in grants to nine quantum-computing companies.
- ▪In return for the grants, the government will take minority equity stakes in each of the companies.
- ▪This investment marks a major shift in how the government views quantum computing as a strategic commercial industry.
Original article
Seeking Alpha · WisdomTree
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