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DOE Offers Up to $215 Million for Quantum Computers

By Drooid · Oct 4, 2026, 3:58 AM UTC · How we work

Summary

Story summary

The U.S. Department of Energy offers up to $215 million to fund quantum computers with at least 100 logical qubits.
The Quantum Genesis Q Competition will accept proposals for machines capable of hundreds of millions of fault-tolerant operations.
A BCG Institute report estimates advanced quantum computing could cut 20-40 % of emissions in steel and cement.
IonQ CEO Peter Chapman claims quantum computers will outperform GPUs, needing billions of GPUs to match.

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Story summary

The U.S. Department of Energy offers up to $215 million to fund quantum computers with at least 100 logical qubits.
The Quantum Genesis Q Competition will accept proposals for machines capable of hundreds of millions of fault-tolerant operations.
A BCG Institute report estimates advanced quantum computing could cut 20-40 % of emissions in steel and cement.
IonQ CEO Peter Chapman claims quantum computers will outperform GPUs, needing billions of GPUs to match.