French President Emmanuel Macron said on Friday (22) that the government will invest more €1 billion ($1.16 billion) in its quantum strategy.
Furthermore, he also stated that €550 million will be aimed at supporting the microelectronics sector, in a race among global powers to be the first to take advantage of emerging technology.
“I will say it out loud. We have the means to be the winner of this race,” Macron said when announcing the funding.
On Thursday (21), President Donald Trump’s government revealed plans to acquire shareholdings in US$2 billion in nine
The goal is to ensure U.S. leadership in the technology that is destined to become the next frontier after artificial intelligence.
Other points that stood out were:
- Technological advances have deepened investor interest in accelerating tasks ranging from drug discovery to financial modeling and cryptography.
- A “massive” increase in investment has been driven by the realization of the growing economic importance of computing infrastructure, Theau Peronnin, CEO of Paris-based quantum computing firm Alice & Bob, told Reuters.
- Peronnin said public funding of strategic areas like quantum computing forced companies to deliver results and helped “create champions.”
- The company is among those to receive support from the new French funding and announced on Friday that it has also secured funding from NVentures, the (NVDA.O) to develop hardware that makes quantum computing less error-prone.
- The company participates in the French PROQCIMA program, led by the Ministry of the Armed Forces, which aims to have two prototypes of universal quantum computers, designed in France, ready for industrialization by 2032.
