The US government announced a $2 billion investment in quantum computing companies, allocating $100 million to various startups in exchange for equity. This funding is intended to support companies that are still years away from producing widely usable products. However, Congress member Zoe Lofgren has raised concerns that these investments may be illegal, as the allocated funds were originally intended for public research in semiconductors. A significant portion of the investment will go to Anderon, a new company that will receive $1 billion each from IBM and the government, utilizing IBM's personnel and intellectual property to fabricate quantum processing units.
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US Government Invests $2 Billion in Quantum Computing Amid Legal Concerns
The US government has committed $2 billion to quantum computing investments, with concerns raised by Congress member Zoe Lofgren regarding the legality of these allocations. The funding is primarily aimed at startups and includes a substantial investment in the new company Anderon, which will collaborate with IBM.
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US's big bet on quantum computing may not be entirely legal
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US Government Invests $2 Billion in Quantum Computing Amid Legal Concerns