President Trump unveils $215M quantum computing plan amid crypto fears

The Trump administration has announced more than $6 billion in science initiatives, including a $215 million quantum computing competition and $2.4 billion in AI industry commitments, as European authorities warn about future quantum threats to cryptocurrency security. $6 billion in science initiatives includes federal funding, private commitments, quantum research, and AI infrastructure programs. $215 million in planned funding will support competing teams developing reliable, fault tolerant quantum computing systems. 11 technology companies have pledged $2.4 billion in AI tools and computing resources for research programs. European authorities warn future quantum computers could threaten Bitcoin wallets, although practical attacks remain unproven.

Source: crypto.news