Tech & Gadgets

US government invests $200 million USD in Canadian-founded quantum firms

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The US government has invested $100 million each into two Canadian-founded quantum computing companies, D-Wave and Rigetti Computing, under the CHIPS and Science Act. This funding aims to bolster domestic quantum capabilities and strengthen the supply chain for these technologies, which is crucial for developers and tech professionals looking to advance in this field. The significant US investment highlights a competitive landscape where Canada's smaller budget allocation may struggle to retain or attract quantum firms.

Read the full article at BetaKit

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