Tech Investment

Core Summary The U.S. government has invested $2 billion in quantum computing development, but the defense sector is falling seriously behind in migrating to post-quantum cryptography, according to a CoinDesk analysis. The author warns that once mature, quantum computers capable of cryptographically relevant operations will pose a fundamental threat to current encryption systems. Details Author Pruden argues that defending against the quantum threat requires a two-pronged approach: accelerating deployment of post-quantum cryptography standards and establishing regulatory frameworks for quantum technology development. Federal agencies are uneven in their migration progress, with some critical systems still using traditional encryption algorithms potentially vulnerable to quantum computers. ...

The U.S. government has announced a $2 billion investment in IBM and other quantum computing companies to accelerate the development of quantum technologies. This marks a major federal push in the quantum sector, aimed at moving quantum computing from laboratory research to commercial applications. Quantum computing is viewed as a core battleground in next-generation technology competition, with potential far-reaching implications for cryptography, drug discovery, and artificial intelligence. Source: Google News / Reuters ...

According to Bloomberg, Anthropic is in negotiations with investors for a new funding round at a valuation exceeding $900 billion, which would surpass OpenAI to become the world’s most valuable AI company.