NYSE:QBTSSoftware
D-Wave Quantum’s Landmark US$100 Million Deal And What It Could Mean
D-Wave Quantum (NYSE:QBTS) received a proposed US$100 million equity investment from the U.S. Department of Commerce.
The funding is part of the federal CHIPS and Science Act initiative to accelerate quantum computing.
The proposed investment is detailed in a Letter of Intent and targets expansion of D-Wave’s dual-platform quantum systems and research operations.
This is the first time the U.S. government has moved to take a direct equity stake in a quantum computing company through a public...