Xanadu secures $195-million from Ottawa for quantum computing in Canada
3 sources·Updated August 29, 2026
Xanadu quantum funding
Covered by 3 sources
- CBC Top Stories·5d agoOld soup factory takes on new high-tech life as quantum computing firm gets $195M federal boost
In the echoey void of a gutted Campbell's Soup factory in Toronto’s west end, Canada's minister of artificial intelligence and digital innovation announced the federal government’s biggest bet to date on homegrown technology that could revolutionize artificial intelligence,…
Read at CBC Top Stories → - ET Tech·6d agoCanada to loan quantum startup Xanadu $140 million to build manufacturing plant
Experts have long touted quantum computers' potential to solve problems regular computers cannot and speed up scientific discoveries, but the technology remains error prone because of its extreme sensitivity to any disturbances including sound.
Read at ET Tech → - Globe and Mail Biz·6d agoXanadu secures $195-million from Ottawa for quantum computing in Canada
Advanced photonics research, development and manufacturing facility will be built in Toronto, but rival warns much more support needed to keep domestic leaders from moving to U.S.
Read at Globe and Mail Biz →