Quantum Computing Inc (QUBT)

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Smart Money is Pouring into Quantum Computing

The smartest money, like Sovereign wealth funds and trillion dollar companies like Google, Amazon, and Microsoft, has already identified the potential of quantum computing and has been investing heavily into it. Companies like Google, IBM, and Microsoft are racing to create their own quantum computers, while continuing to invest in smaller quantum computing companies.

In October of last year, Mubadala, a sovereign wealth fund of the United Arab Emirates, with over $229 billion USD in assets, co-invested in a round with Samsung Catalyst fund in IonQ, a US-based quantum computing company that has already received funding from Google Ventures and Amazon. Mubadala has a reputation for recognizing great technology, having bought and held shares of AMD for over a decade before selling in AMD’s massive breakout year in 2019.

Jack Ma of Alibaba has publicly stated that a select portion of their $15 billion R&D fund into disruptive technologies would go directly into quantum computing. And in December of 2018, the US president signed the National Quantum Initiative Act to boost quantum computing development in the US with $1.2 billion.