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U.S. Explores Quantum Computing Investments to Counter Rising Security Threats
U.S. Explores Quantum Computing Investments to Counter Rising Security Threats
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BTCCSquare news:
The U.S. government is considering direct investments in quantum computing firms, leveraging CHIPS Act funds to maintain a technological edge over China. Quantum computing's potential to break current encryption systems poses a significant threat to sectors like finance and healthcare. The Department of Commerce is in early talks with quantum companies, potentially taking equity stakes in exchange for funding.
Experts warn of 'harvest now, decrypt later' attacks, where encrypted data is stored for future decryption by quantum computers. This strategy raises questions about government intervention in private markets and its long-term economic impact. The MOVE underscores the urgency to develop quantum-resistant encryption standards.
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