Industry

Nvidia to invest $1 billion over five years in quantum computing and U.S. science

Nvidia said on Oct. 12 it will invest and provide support totaling $1 billion over the next five years to advance superintelligence technologies in U.S. science and quantum computing. Key target areas include quantum computing, healthcare and energy security. The funding will support U.S. higher-education research institutions, increase investment aimed at strengthening quantum computing leadership, and include support for cloud service providers backing major U.S. government missions.

Industry

U.S. to spend $5.25 billion on grid upgrades in 26 states, target 23 GW added capacity

The U.S. government will pursue power grid upgrades worth $5.25 billion across 26 states to meet surging electricity demand, with the federal government covering $1.9 billion. The Energy Department selected 31 projects under its SPARK program, with utilities, cooperatives and state agencies funding $3.35 billion. The plan includes rebuilding more than 1,500 miles of transmission lines and applying performance technologies across about 21,000 miles to add over 23 GW of capacity.