U.S. to award $2 billion to quantum computing firms, take equity stakes
The Trump administration will award $2 billion to nine quantum computing firms, including IBM, and will take equity stakes in those companies, Commerce Secretary Howard Lutnick said. The funding packages pair direct investments with government ownership to accelerate development of scalable quantum systems and expand U.S. industrial capacity in advanced computing. The move is intended to help the United States compete with China and speed practical quantum applications in cryptography, materials science, and artificial intelligence.
US government dolling out $2bn in grants to quantum computing firms in exchange for equity stakes.
Malaclypse the Middle28I'm so old I remember that direct investment was "picking winners and losers" and was the worst possible market intervention.
Mike Freeman11Is that as ‘seizing the means of production’ish as it sounds?
Steve Zorowitz5Pretty amazing that a $200B company, $IBM, is up 7% because they're getting $1B from Trump
psvrh.bsky.social4Remember the collective feakouts about TARP, the auto bailout and Solyndra?
bhendricksen.bsky.social4In other words Trump bought a bunch of IONQ calls yesterday
