Governments and Cloud Giants Ramp Up Quantum Spending as VCs Stay on Sidelines Ahead of Hypothetical ‘Q‑Day’

The article argues that while governments and cloud giants are rapidly funding and preparing for a potential ‘Q‑Day’ when quantum computers could break current encryption, most venture capitalists view quantum as a long‑horizon, noninvestable science play lacking near‑term commercial buyers; corporate VCs, defense primes, and hyperscalers are the primary active investors today.