#us-government-investment

#us-government-investment

The US government has taken $2 billion worth of equity stakes in nine quantum computing companies, including one linked to the Trump family and another taken public by a current Pentagon official. IBM was the biggest beneficiary, along with firms including D-Wave Quantum, Atom Computing and PsiQuantum, according to The Financial Times and press releases from D-Wave and PsiQuantum. The deals reportedly aren't final and the White House is still soliciting proposals from other tech firms.

The administration of United States President Donald Trump is considering as much as a 10 percent stake in Lithium Americas, a Canada-based lithium mining company. Reuters reported on Tuesday that the White House is considering taking a stake in the company, citing two people familiar with the matter. The possible investment comes as part of the $2.2bn loan from the US Department of Energy for the company's Thacker Pass mining project in northern Nevada, the largest planned project of its kind in the Western Hemisphere.