{"id":327099,"date":"2025-10-23T18:24:30","date_gmt":"2025-10-23T18:24:30","guid":{"rendered":"https:\/\/www.europesays.com\/us\/327099\/"},"modified":"2025-10-23T18:24:30","modified_gmt":"2025-10-23T18:24:30","slug":"trump-admin-not-negotiating-stakes-with-quantum-firms","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/327099\/","title":{"rendered":"Trump admin not negotiating stakes with quantum firms"},"content":{"rendered":"

\"Commerce<\/p>\n

The U.S. government is not in talks with quantum computing<\/a> companies to take equity stakes in the firms in exchange for federal funding, a Commerce Department official told CNBC.<\/p>\n

“The Commerce Department is not currently negotiating equity stakes with quantum computing companies,” the spokesperson said in a statement.<\/p>\n

The denial comes after the Wall Street Journal<\/a>, citing people familiar with the matter, said that the Trump administration was in talks with companies including IonQ, Rigetti Computing, and D-Wave Quantum.<\/p>\n

During trading on Thursday, Rigetti<\/a> was up 7%, IonQ<\/a> was up 7%, D-Wave<\/a> was up 13%, and Quantum Computing<\/a> was up 5%.<\/p>\n

The Trump administration has taken recent equity stakes in companies and industries seen as vital to U.S. national security.<\/p>\n

In August, it took a 10% stake in Intel<\/a>, the nation’s leading semiconductor<\/a> manufacturer. It also took a 15% stake in MP Materials<\/a>, which mines rare earth<\/a> elements. China has restricted exports of rare earths.<\/p>\n

Experts say that the U.S. government’s growing interest in taking stakes in private companies is unprecedented in recent decades.<\/p>\n

Trump administration officials such as Commerce Secretary Howard Lutnick have argued that the government should benefit from a company’s success, especially where federal funds are involved.<\/p>\n

Quantum computing has attracted significant attention in recent years, with some of the most powerful institutions in the world spending millions<\/a> in a race to develop and build the first useful and practical quantum computer, which could be completed in the next five years, according to optimistic predictions.<\/p>\n

When there is a useful quantum computer, it would be able to do tasks that would require so much computing time on a traditional computer that it would be infeasible, such as discovering molecules that could be useful medicines or factoring large numbers.<\/p>\n

Right now, there isn’t anything useful that quantum computers can do. The machines are purely for research.<\/p>\n

But governments keep a close eye on the technology because it has military implications, including the potential<\/a> to be able to decipher encrypted military communications.<\/p>\n

Although the industry is attracting billions in investments, including from the federal government, it has not generated significant revenue yet.<\/p>\n

Quantum computing companies generated under $750 million in revenue in 2024, according to a McKinsey report.<\/p>\n

On Wednesday, Google claimed<\/a> a quantum breakthrough in which it conducted research that showed that a quantum computer can run an algorithm over 13,000 times faster than a traditional computer, and that it could be verified by a second quantum computer, an advancement over past research.<\/p>\n

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