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US To Award $2 Billion To Quantum Companies, Take Equity Stakes

1 month 3 weeks ago
An anonymous reader quotes a report from the Quantum Insider: The Trump administration is preparing a new round of industrial policy aimed at quantum computing, with roughly $2 billion in grants expected to go to nine companies developing quantum hardware and related technologies. According to Reuters, citing a Wall Street Journal report, the U.S. Department of Commerce plans to distribute the funding through deals that also give the federal government equity stakes in the companies receiving the awards. The approach would expand Washington's increasingly direct involvement in sectors viewed as strategically important to national security, advanced manufacturing and competition with China. Reuters reported that IBM is expected to receive the largest share of the package at about $1 billion. Semiconductor manufacturer GlobalFoundries is slated to receive approximately $375 million, according to the report. Other recipients are expected to include D-Wave Quantum, Rigetti Computing, Quantinuum and Infleqtion, with each company potentially receiving around $100 million, Reuters reported. Australian quantum startup Diraq could receive about $38 million, according to the Wall Street Journal report cited by Reuters. Fast Company notes in its reporting that IBM will invest the funds it receives into a new IBM company called Anderon. It will also match the grant with another $1 billion in cash. "Anderon will operate as a state-of-the-art 300-millimeter quantum wafer foundry," IBM stated in an announcement. "It will help the nation solidify its leadership at the center of a thriving new quantum industry that is estimated to generate up to $850 billion in economic value by 2040 and spur American economic growth while also bolstering national security." Quantum computing stocks soared after the news. As of publication, IBM is up about 9.7%, D-Wave is up about 28.1%, and Rigetti is up about 26.7%. Meanwhile, Global Foundries rose about 13.8% and Infleqtion jumped about 30.9%.

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Spotify Will Start Reserving Concert Tickets For Fans

1 month 3 weeks ago
Spotify is launching "Reserved," a new feature that will set aside concert tickets for Premium subscribers it identifies as an artist's most dedicated fans based on streams, shares, and other activity. "Getting concert tickets today can feel like a race you're set up to lose," Spotify wrote in a post on Thursday. "You show up at the right time, refresh endlessly, and still miss out. Too often, the experience is stressful, unpredictable, and disconnected from what should matter most: whether real fans actually get tickets. We think there's a better way." From the Hollywood Reporter: Spotify said that starting in the U.S. this summer, select artists will be able to use Reserved to set aside tickets for fans on the platform. The platform has partnered with Live Nation on the program as part of a multiyear agreement. The platform will use streams, shares and other types of activity to "identify an artist's most dedicated fans and hold two tour tickets for them." Fans selected through Reserved will get up to two tickets, and they'll have a day-long window to make a ticket purchase if selected. Spotify didn't give any details on what artists will work with the streaming service for the new feature, or how many tickets artists would set aside with Reserved, though the service acknowledged "there will be significantly more superfans than there are seats available on a tour, so not every fan will receive an offer."

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