US to invest $2 billion in IBM, other quantum computing firms

The Trump administration will take $2 billion in equity stakes across nine quantum-computing companies, including a new IBM venture, in a major push to secure U.S. leadership in the emerging technology and counter China.

The move shows the growing prominence of quantum computing, where recent technological breakthroughs have deepened investor interest in its potential to speed up tasks ranging from drug discovery to financial modelling and cryptography.