IBM and Google have jointly pledged$150 million towards a quantum computing initiative in the United States and Japan. This initiative aims to accelerate the development of quantum technologies, particularly in the face of growing competition from China. The funding will support research collaborations, educational programs, and infrastructure improvements to foster advancements in quantum computing. The move reflects the increasing importance of quantum technology in various fields and highlights the efforts of these companies to maintain their global leadership in the quantum computing race.

According to the WSJ, the deal will be announced at the Hiroshima G-7 summit and seeks to maintain the American lead in critical technology.