Energy Launches Quantum Computer Development Competition

What the DOE’s Quantum Computing Competition Could Mean for Fusion and Battery Materials

The Department of Energy (DOE) on Sept. 17 announced the Quantum Genesis Q Competition, a $215 million initiative to fund private-sector teams racing to build the world’s first fault-tolerant, scientifically relevant quantum computer. Structured as a milestone-based competition rather than a conventional grant, it will pay out fixed awards of up to $1.5 million per […]

Energy launches quantum computer development competition

The Energy Department announced the launch of an initiative on Thursday that looks to turbocharge U.S. deployment of the world’s first fault-tolerant, scientifically relevant quantum computer by offering private sector firms monetary incentives for reaching key development milestones.  The new Quantum Genesis Q Competition will offer up to $215 million in total planned funding to participating companies that submit proposals on ways “to deploy q…

US Launches $215 Million Quantum Race. Should Bitcoin Be Worried?

The US government has put up to $215 million to build a machine that could mark a turning point for quantum computing - with long-term consequences for Bitcoin. The Department of Energy on Thursday launched the Quantum Genesis Q Competition. It wants private companies to demonstrate "scientifically...

DOE Puts Up $215 Million Competition To Build Fault-Tolerant Quantum Computers

Department of Energy (DOE) today announced the Quantum Genesis Q Competition, an initiative with up to $215 million in planned funding to demonstrate the world’s first fault-tolerant scientifically relevant quantum computers (SRQCs). Applicants are invited to submit proposals to deploy quantum computers with at least 100 logical qubits, capable of performing hundreds of millions fault-tolerant operations.