IBM lands $1bn as US backs nine quantum companies for $2bn (opens in new tab)

Covers Department of Commerce Announces Letters of Intent With 9 Companies for $2 Billion to Accelerate U.S. Leadership in Quantum Computing

Nine CHIPS Act letters of intent, $1bn for IBM, and a government cap table that now includes most of the publicly traded quantum names. The US Department of Commerce has signed nine letters of intent to provide $2.013bn in CHIPS Act funding to quantum computing companies, in exchange for federal equity stakes in each recipient. […] at The Next Web

Read the original article