Canada to loan quantum startup Xanadu $140 million to build manufacturing plant

Aug 28 : The Canadian government will loan C$195 million ($140.78 million) to Xanadu Quantum for setting up a plant that would make photonic components for quantum computers, in the country's largest ever support for the technology.The move, unveiled on Friday, highlights growing global interest in quantum computers and comes months after the Trump administration decided to take $2 billion in equity stakes across nine quantum-computing firms to secure U.S. leadership.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. Friday's loan covers the federal portion of up to C$390 million in potential govern