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US DOD to Invest $350M in Quantum Computing for Defense Purposes

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The United States Department of Defense plans to direct about $350 million toward quantum computing research that could influence future defense capabilities. The move signals that Washington views quantum technology as more than a scientific experiment. It sees it as a possible foundation for stronger security, better military planning, and protection against emerging cyber threats.

Federal government interest in the speedy deployment of quantum computers is a major tailwind that could boost the efforts of quantum computing companies like D-Wave Quantum Inc. (NYSE: QBTS) to attract the investor capital they need to…

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