Quantum computing background concept.
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Quantum computing’s name continued to rise on Monday after JPMorgan Chase & Co. announced it as one of the areas it will invest in as part of a new initiative.
In a release, the bank said it will invest up to $10 billion in companies across four sectors: supply chain and advanced manufacturing, defense and aerospace, energy technology, and frontier and strategic technologies, including quantum computing.
archit quantum The stock price closed up 20%, but D Wave Quantum ended 23% higher, righetti computing Increased by 25%. ion Q increased by 16%, quantum computing The stock price rose 12%.
“It has become painfully clear that the United States has allowed itself to become overly dependent on unreliable sources of critical minerals, products, and manufactured goods essential to our national security,” CEO Jamie Dimon said in a statement.
The effort is part of a larger 10-year, $1.5 trillion plan called the Security and Resilience Initiative to fund and invest in industries that JPMorgan deems critical to U.S. national and economic security.
Quantum computing, one of the bank’s 27 designated sub-areas of focus, has seen triple-digit growth in the past month. Righetti and D-Wave rose 175% and 130%, respectively.
like a technology company google, microsoftand Amazon There is great interest in gate-model quantum computing, which can potentially solve problems too complex for standard computers.
Rigetti and IONQ quantum computers are accessible through Amazon Braket, a quantum computing service managed by Amazon Web Services.
In February, Microsoft announced its first quantum computing chip, called Majorana 1, and late last year, Google announced a new breakthrough quantum chip called Willow.
