That's a good-sized bet.
From EU-Startups:
PASQAL, a startup founded upon Nobel Prize-winning research, is set to accelerate the development of quantum computing for commercial use. The Paris-based startup just secured €100 million as interest in this rapidly-emerging tech takes off.
Quantum computing is believed to be the next big thing in tech. It offers a new era of tech that promises to be capable of solving the world’s greatest challenges, giving us new solutions and ideas for the future. Quantum computing aims to overcome the limitations of classical computing through enhanced processing power and it’s a tech market that is taking off.
Founded in 2019 out of the Institut d’Optique, by Georges-Olivier Reymond, Christophe Jurczak, Professor Dr. Alain Aspect, Nobel Prize Laureate Physics, 2022, Dr. Antoine Browaeys, and Dr. Thierry Lahaye, PASQAL is built upon Alain Aspect’s Nobel Prize-winning research and has just secured a whopping new investment to scale....
....MUCH MORE
Over the last three or four years I've become convinced that if Germany falters as the engine of the European economy that French startups will have to produce a big part of the growth in the Eurozone if Europe is to avoid becoming a brackish, stagnant pool. I've become so enamored of the visual that we even used a picture of Henry Ford's tropical dream in "The State of European Tech 2022":
This is the big one.
If Europe is to have any chance at avoiding the economic abyss, with all the major industrial corporations expanding outside of the Eurozone, it will have to be in futureco that growth is developed.
Or else the European future will be resigned to becoming a backwater, something akin to Fordlandia in Brazil, with nature slowly retaking its own:
Fordlândia hospital in ruins, image by RodrigoCruzatti (CC BY 4.0)
