U.S. to Award $2 Billion in Quantum Computing Grants to Nine Firms, Taking Equity Stakes in Each
The National Institute of Standards and Technology announced letters of intent to award $2 billion in grants to nine quantum computing firms, with IBM receiving the largest share at $1 billion. The U.S. government will take a minority, non-controlling equity stake in each recipient company.
U.S. Commerce Department to Award $2 Billion to Nine Quantum Computing Firms, Including $1 Billion for IBM
The U.S. Commerce Department plans to award $2 billion in grants to nine quantum computing firms, with IBM set to receive $1 billion to build America's first purpose-built quantum foundry, sending sector stocks sharply higher on Thursday.
OpenAI Plans Confidential IPO Filing as Soon as Friday
OpenAI is preparing to confidentially file a draft IPO prospectus as soon as Friday, setting the stage for what analysts say could be one of the largest public market debuts in history.
Goldman Sachs and UBS See AI Driving a North-South Divide Across Asian Equity Markets
Goldman Sachs and UBS say AI investment and energy resilience are splitting Asian equity markets, with South Korea and Taiwan leading gains while South Asian markets lag and energy vulnerability weighs.
Nomura Projects Samsung and SK Hynix Could Rally Over 110% on AI Memory Boom
Nomura projects Samsung Electronics could rally over 110% and SK Hynix roughly 117% over the next 12 months, citing a structural surge in AI-driven high-bandwidth memory demand that the brokerage says has outpaced the industry's supply capacity.
