US government could take equity stake in quantum computing firms - report
AI Summary
The US government is negotiating potential equity stakes in quantum computing firms in exchange for federal funding.
The US government is exploring a new model for supporting the quantum computing sector by potentially taking equity stakes in private companies. According to reports, the Commerce Department has engaged in discussions with firms such as IonQ, Rigetti Computing, and D-Wave regarding this arrangement.
Under the proposed terms, companies could receive minimum funding awards of $10 million. In return, the federal government would become a shareholder in these organizations, marking a significant shift in how the government invests in emerging deep-tech industries.
Other companies, including Quantum Computing Inc. and Atom Computing, are also reportedly considering similar arrangements. This move highlights the government's strategic interest in securing domestic capabilities in quantum technology as the field moves toward commercial viability.
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