[The Trump administration grants $2 billion in funding to 9 quantum computing companies in exchange for equity] BlockBeats News, May 21, according to The Wall Street Journal, the Trump administration, through the Department of Commerce, has granted $2 billion in funding to 9 quantum computing companies in exchange for equity. Specifically, $1 billion will be awarded to IBM, chip manufacturer GlobalFoundries will receive $375 million, publicly listed companies including D-Wave Quantum, Rigetti Computing, and Infleqtion will each receive $100 million, and startup Diraq is expected to receive $38 million. [Original link]