The White House outlined a $215 million quantum computing competition and $2.4 billion in AI industry commitments as concerns grow over quantum threats to cryptocurrency security.
The Trump administration has announced over $6 billion in science initiatives, including a $215 million quantum computing competition and $2.4 billion in industry commitments for artificial intelligence tools and computing resources.&
On Thursday, the Department of Energy identified eight scientific applications to guide its Quantum Genesis Q Competition, which offers up to $215 million in planned funding to companies developing fault-tolerant quantum computers.
First announced in September, the funding includes milestone-based awards and incentive prizes for companies that demonstrate increasingly powerful quantum systems. The research priorities span chemistry, materials science, subatomic physics and applied mathematics.
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