White House sets out $6bn science push with quantum and AI plans
The Trump administration has announced more than $6bn in science initiatives, including a $215m quantum computing competition and $2.4bn in AI industry commitments.
Why it matters: The quantum funding push comes as EU regulators warn that future quantum computers could break the cryptography protecting blockchains and financial transactions.
Key points
- The Department of Energy named eight scientific applications for its Quantum Genesis Q Competition, offering up to $215m in planned funding.
- Nvidia committed $1bn, AMD $500m, OpenAI $200m, and Anthropic and Google $150m each.
The White House has announced more than $6bn in science initiatives, including a $215m quantum computing competition and $2.4bn in AI industry commitments, Cointelegraph reports. The quantum funding is run through the Department of Energy's Quantum Genesis Q Competition, which was first announced in September.
On Thursday the department identified eight scientific applications to guide the programme, which offers up to $215m in planned funding to companies building fault-tolerant quantum computers. The awards include milestone-based payments and incentive prizes for firms that demonstrate increasingly powerful systems, with research priorities covering chemistry, materials science, subatomic physics and applied mathematics.
Advances in fault-tolerant quantum computing could affect blockchain-based assets that depend on public-key cryptography. On 23 Sept, three EU financial watchdogs warned that more powerful quantum computers could undermine the cryptographic systems securing blockchains and financial transactions.
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