The Trump administration is doing what it does best: throwing public money at startups with big promises, this time in quantum computing. Nine companies just got richer, but the real question is whether quantum computers will actually solve the problems they claim to, or if it's just another tech bubble waiting to burst.
In 30 seconds
- 01US federal government invests billions directly in 9 quantum computing companies, IBM is main winner.
What this means for you
For an average person: your government is betting that in ten years stockbrokers will use quantum computers to predict the future, while also hoping your data stays safe. There's no guarantee it'll work out that way, but if it does, it could change everything. If it doesn't, well, that's just another solid hit to the public wallet.
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