Some follow the noise.

Bloomberg follows the money, whether it's the funds fueling AI or crypto's trillion

dollar swings.

There's a money side to every story.

Get the money side of the story.

Subscribe now at Bloomberg.com.

Head to the coast in Abercrombie's latest summer drop.

It's short season, and their new C-Fade shorts add the perfect wash look to your fit.

They're so easy to throw on and pair with everything in your closet.

Complete the look with a new shirt and your set.

Prep for summer with Abercrombie in the app, online, and in stores.

The U.S. government plans to provide $2 billion in grant funding to nine quantum computing firms,

according to the Commerce Department.

This news was first reported by the Wall Street Journal.

In exchange, the government will receive equity stakes in the companies, a move that aligns

with the Trump administration's ongoing strategy to take ownership positions in industrial

and technology manufacturers.

Legacy tech firm IBM is expected to receive the largest grant, worth about $1 billion,

which it will use alongside $1 billion of its own funds to build a quantum chip foundry

to build the specialized semiconductors necessary to power quantum computers in the U.S.

The company announced that in a separate press release on Thursday.

Another chipmaker, Global Foundries, is expected to get $375 million,

...