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| From: Denc 🗡 |
Seems to be flavour of the month….
Investing.com -- France plans to invest more than $1 billion in domestic quantum computing companies and capabilities in an effort to keep up with the U.S. and China in the race for technology sovereignty.
French President Emmanuel Macron said Friday that the money would partly be injected through an existing military procurement program that buys from five French quantum computing companies. Those companies, including Pasqal and Alice & Bob, are part of the race to use the principles of quantum mechanics to build processors that can solve certain problems much faster than traditional supercomputers.
Macron said the next 18 to 24 months are key to succeed in building this European sovereign value chain. France will invest 1 billion euros, the equivalent of roughly $1.16 billion.
The announcement comes after the U.S. said Thursday that it was awarding $2 billion in grants to quantum computing companies. That included $1 billion for International Business Machines, sparking a surge in the company’s stock price.
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| Current Thread | Author | Time | | Denc 🗡 | 13:39:04 | | Hamsterwheel | 14:39:17 |
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