Canada Pushes to Retain Quantum Computing Firms as US Competition Grows

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Quantum Computing:An operator works at the factory for a modular Quantum Computer.The Canadian government will provide up to C$92 million ($66.8 million) in funding to help quantum computing firms to scale up and remain in the country, as competition with the US in the emerging field heats up.The funding will be split among Anyon Systems, Nord Quantique, Photonic, and Xanadu Quantum Technologies, according to a news release from Artificial Intelligence Minister Evan Solomon’s office. The money is the first phase of the government’s new C$334 million Canadian Quantum Champions Program.