All of the QC companies have “gone public” via SPAC mergers. Less oversight, more hockey stick revenue projections.
I fear that we're repeating the same mistake we made with Machine Learning funding. A decade ago, the US was quite clearly ahead of China in machine learning, but they're comparable now. In quantum information science, the US is currently ahead of China in terms of research. But will it remain that way?
For more information, here's a panel discussion on the quantum computing race between China and the US (I was quite frustrated by it):
[1] - https://english.ckgsb.edu.cn/knowledges/quantum-wars/
[2] - https://quantumcomputingreport.com/u-s-qis-budget-proposed-t...