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Uncle Sam Awards $2 Billion-Plus To Quantum Companies, But Wants A Cut - The Next Platform

Google News – Quantum Computing
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The U.S. government awarded over $2 billion in quantum computing contracts to private companies in May 2026, accelerating national quantum infrastructure development under a new public-private partnership framework. Recipients include leading quantum hardware and software firms, with funds earmarked for scalable quantum processors, error correction, and hybrid quantum-classical systems, prioritizing defense, cryptography, and scientific research applications. In exchange for funding, the government secured equity stakes or revenue-sharing agreements in several firms, marking a shift from traditional grants to investment-driven partnerships to ensure long-term returns on taxpayer dollars. Cisco unveiled a quantum network switch to enable scalable multi-node quantum systems, aligning with the initiative’s goal of integrating quantum computing into existing HPC and AI infrastructure at national labs like Oak Ridge. The Cleveland Clinic demonstrated quantum-centric supercomputing for large-protein simulations, showcasing early real-world applications of federally backed quantum advancements in healthcare and material science.
Uncle Sam Awards $2 Billion-Plus To Quantum Companies, But Wants A Cut - The Next Platform

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Source: Google News – Quantum Computing