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President Donald Trump signed executive orders Monday aimed at accelerating quantum research, laying the groundwork for federal agencies to adopt the technology and strengthen US defenses against cyberattacks. Quantum computing is a nascent sector but one with implications for national security that has the US and China racing to assert their dominance. Trump was joined by Alphabet Inc. President Ruth Porat and International Business Machines Corp. Chief Executive Officer Arvind Krishna. IBM shares rose 2.4% in postmarket trading.
Senior White House officials declined to identify companies the US will be working with to implement the orders, but they include a directive for the government to partner with domestic industry players, according to a fact sheet. That could present a broad boost to the quantum industry. Valuations of quantum computing companies have soared this year, riding the wave of interest in artificial intelligence as some investors bet on the next potential tech breakthrough.
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