The U.S. Department of Energy has launched the Quantum Genesis Q Competition with $215 million in funding to encourage private-sector companies to develop fault-tolerant quantum computers containing at least 100 logical qubits. It will also support the National Laboratories in developing the capabilities needed to characterize and validate quantum systems with an additional $45 million in funding.
U.S. Department of Energy Launches Competition to Develop Fault-Tolerant Quantum Computers
Development of fault-tolerant quantum computers will be accelerated with a $215 million investment.