The Trump administration is making another move into venture-style investing, taking equity stakes in nine quantum computing companies. IBM, the largest recipient of the investment, thinks that quantum systems could eventually solve problems involving drug discovery, financial markets, cybersecurity, logistics, and climate science that remain beyond the reach of classical computers. But while companies such as IBM and IonQ claim major breakthroughs are near, former IBM CEO Sam Palmisano questions the government’s role in choosing specific corporate winners and warns that commercial adoption may still take years to realize.
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