Canada Invests $40 Million to Advance Quantum Computing

Prime Minister Justin Trudeau announces a new $40 million federal investment to support the Toronto-based quantum computing company Xanadu Quantum Technologies Inc. The funding will enable Xanadu to build and commercialize the world's first photonic-based, fault-tolerant quantum computer.

This investment aims to position Canada as a leader in quantum computing research and development. It will help Xanadu scale up their technology, create high-skilled jobs and advance Canada's quantum ecosystem through collaboration with academic and industrial partners.

The funding demonstrates the Canadian government's commitment to supporting innovation in emerging technologies that will shape the economy of the future.