Trump Administration Ready to Take Stakes in Quantum-Computing Firms
The US President Donald Trump’s administration is in talks with a handful of quantum-computing firms to take equity stakes, according to a report by the Wall Street Journal. In exchange, they will receive Federal funding as the government becomes a stakeholder, as part of the agreement. Two people familiar with the matter spoke on the condition of anonymity that the White House is in talks with companies such as IonQ, Rigetti Computing, and D-Wave Quantum, among others. Also Read: Nvidia Stock Price Prediction Five Years From Now (NVDA) Trump Administration To Become Stakeholders in Quantum-Computing Firms Source: Reuters US Deputy Commerce Secretary Paul Dabbar, a former executive in the quantum-computing industry and a Former official at the Energy Department, is leading discussions on funding with companies in the industry, alongside Trump. The White House is zeroing in on critical industry segments that could boost the economy and provide jobs. Reports suggest that the Trump a...