[IP finance] $430 Million Public/Private Investment in Exascale Computing in U.S.

[Mike Mireles]

The U.S. Department of Energy announced on June 15, 2016 the award of $258 million in research funding to six U.S. companies: Advanced Microsystems, Cray, Intel, HP, NVIDIA, and IBM.  The research funding is to support the development of the exascale supercomputer ecosystem.  An exascale computer is 50 times faster than today’s super computers.  The U.S. has five of the world’s top-ten fastest computers, but the U.S.’s fastest computer is third after the top two located in China.  The six companies will provide additional funding to make the investment close to $430 million in total.  The press release is available, here. 

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Posted By Mike Mireles to IP finance on 6/16/2017 09:40:00 pm