Building Beyond Tomorrow

Pritzker taps IBM, Discover in bid for federal quantum funds

Gov. J.B. Pritzker has turned to a consortium that includes IBM and Discover Financial Services to help win federal funds to develop quantum technology.

The companies will work together with Boston Consulting Group and P33, a nonprofit started by the governor’s sister and former Secretary of Commerce Penny Pritzker, to develop quantum tools to fight financial fraud. The plan is part of a bid to win $70 million from President Joe Biden’s Tech Hubs program established as part of the 2022 Chips and Science Act.