Trump Eyes Government Control of Quantum Computing Firms

Donald Trump is exploring acquiring equity stakes in quantum computing companies in exchange for federal funding, according to a Wall Street Journal report. Several companies are considering this arrangement to secure financial backing from the Trump administration for promising tech ventures. IonQ, Rigetti Computing, and D-Wave Quantum are among those in discussions, potentially receiving at least $10 million each. Quantum Computing Inc. and Atom Computing are reportedly considering similar partnerships, reflecting the sector's crucial role in technological development. These deals involve companies carefully evaluating the risks tied to potential government influence. The Deputy Commerce Secretary, Paul Dabbar, is expected to lead these discussions, aiming to promote Trump's deals. His previous role with a quantum networking firm might influence these negotiations. A Commerce Department official denied direct negotiations regarding equity stakes. This potential move follows the administration's recent acquisition of a 10% stake in Intel to support factory construction in Ohio. The quantum computing industry is seen as a key area for future advancements. There is concern such investments may set a precedent.