Samsung, UAE funds lead $55 million investment in quantum computing startup

With the investments from Samsung Catalyst Fund and Mubadala Capital, Maryland-based IonQ said its total funds raised to date reached $77 million. Researchers believe quantum computers could operate millions of times faster than today’s advanced supercomputers, making potential tasks ranging from mapping complex molecular structures and chemical reactions to boosting the power of artificial intelligence possible. Alphabet Inc’s Google, International Business Machines Corp and Microsoft Corp have all either made investments or launched research projects around quantum computing.