US to Allocate $6B for AI and Quantum Technology Development
- —DOE launched the Quantum Genesis Q competition with up to $215 million in funding
- —Nvidia commits $1 billion, AMD $500 million, OpenAI $200 million
- —Anthropic and Google will each provide $150 million in AI tools
- —Advances in quantum computing could threaten blockchain cryptography
Why it matters: Progress in quantum computing poses a long-term risk to the public-key cryptography securing Bitcoin and other networks.
Source: CryptoHamster