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WSJ Tech News Briefing

TNB Tech Minute: U.S. Will Award $2 Billion and Take Equity Stakes in Quantum-Computing Firms

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 21 May 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Anthropic is poised to turn its first quarterly profit. And Advanced Micro Devices plans to invest more than $10 billion in Taiwan’s chip industry. Imani Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Access to affordable credit helps me pay my employees, but I don't really need it.

0:05.0

Infliction is killing me!

0:08.0

But who cares? Big retailers are making record profits!

0:11.0

That's why we support the Durban Marshall Credit Card Bill!

0:15.0

See? Banks and credit unions help small businesses make payroll.

0:18.0

This bill would cut the vital resources they need.

0:25.0

While increasing megastore profits, they deserve it, don't they?

0:29.1

Tell Congress, stop the Durban Marshall money grab for corporate megastores.

0:31.2

Paid for it by the Electronic Payments Coalition.

0:39.1

Here's your morning TNB Tech Minute for Thursday, May 21st. I'm Imani Moise for the Wall Street Journal.

0:47.9

We exclusively report that the Trump administration is awarding $2 billion grants to nine quantum computing companies in exchange for equity stakes.

0:50.1

That's according to the Commerce Department.

1:03.6

The department has agreed to give $1 billion of the package to IBM, which also said it would invest $1 billion of its own funds to set up what it says is the nation's first specialized quantum computing chip manufacturing facility.

1:11.8

The move accelerates the administration's plans to boost the nation industry, which has attracted a wave of investment from investors and businesses in recent months.

1:17.8

Chipmaker Global Foundries, startup Dirac, and a sle of other companies pursuing various approaches to quantum are also slated to be awarded funds, including publicly traded firms D-Wave Quantum, Raghetti,

1:23.8

Raghetti computing, and inflection. In another exclusive, Anthropics revenue is set to more than

1:29.3

double to $10.9 billion in the current quarter, propelling the startup to its first

1:34.1

ever operating profit. The company disclosed the figures, which were reviewed by the Wall Street

1:38.4

Journal, to investors as part of an ongoing funding round that is likely to push its valuation

1:43.2

above open AIs.

1:45.2

Anthropic projected a second quarter operating profit of $559 million.

1:50.4

Still, the company might not remain profitable for the year as it plans spending increases

...

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