Dossier
US Commerce department
Coverage of US Commerce department in the Nexus archive.
- US government takes $2 billion equity stake in nine quantum computing firms
The US Commerce Department announced a $2 billion equity investment across nine quantum computing companies, including IBM ($1 billion) and GlobalFoundries ($375 million). The announcement resulted in significant stock gains for the participating firms, with D-Wave Quantum jumping over 20 percent in trading.
- US to safety test new AI models from Google, Microsoft, xAI
The US Commerce department has formed new agreements with Google, Microsoft, and xAI to safety test new AI models. These agreements build on pacts established during the Biden era. The partnerships aim to ensure the safe development of AI technologies.