The CIA just invested big money into a quantum computing venture headed by Eric Schmidt
The CIA’s In-Q-Tel was joined by Paladin Capital Group, which backs innovative tech companies, in Sandbox AQ’s first round of fundraising. The round which was oversubscribed has garnered “well into the nine figures,” Sandbox AQ Chief Executive Officer Jack Hidary said in an interview.
Founded in 2016, Sandbox AQ was spun off from Alphabet Inc.’s Google earlier this month and is chaired by Eric Schmidt, the search giant’s former CEO. Instead of making a quantum computer of its own, Sandbox AQ seeks to develop software architecture that can replace existing cryptography with complex new algorithms that are deemed impossible to crack by quantum computers, a nascent technology that isn’t yet operationally viable.
https://news.yahoo.com/sandbox-aq-gets-backing-cia-030941351.html
>In-Q-Tel
>Q #222