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Los Angeles Times
Los Angeles Times
Business
Laurence Darmiento

Are California's public pension funds headed for another crisis?

Atom Computing, a California-based startup that builds quantum computers, opened its largest research and development facility in Boulder on Wednesday.

The new location marks a win for Colorado’s growing quantum industry, which is centered around the Denver-Boulder area. Other players in the market include Boulder-based ColdQuanta, Quantum Corporation in Englewood and Quantinuum, a result of a merger between Honeywell Quantum Solutions in Broomfield and U.K.-based Cambridge Quantum.

Quantum computing is not only garnering more attention in the eyes of the public – investors are opening their checkbooks to the burgeoning industry. It “attracted almost twice as much capital in 2020 and 2021 ($2.15 billion) than it had over the previous 10 years combined ($1.16 billion),” according to the Boston Consulting Group.

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