Shares of several major quantum computing companies jumped Thursday after the U.S. Commerce Department announced plans to support the domestic quantum industry with funding agreements tied to research and manufacturing expansion. The announcement sparked a rally across the sector, lifting stocks connected to quantum technology and advanced computing as investors reacted to growing government support…
quantum computing
Why Alphabet and Microsoft just spent $25B on quantum
Alphabet and Microsoft are escalating the competition in quantum computing, committing more than $25 billion combined to a technology still in its early stages but widely viewed as transformative. The investments highlight how both companies are positioning themselves for long-term leadership in a field that could redefine computing power, cybersecurity, pharmaceuticals and artificial intelligence. While…