cryogenics
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IBM’s $10 Billion Quantum Bet Has a 2029 Deadline
IBM has committed more than $10 billion over five years to pursue fault-tolerant quantum computing. Two connected cryogenic modules mark a real step toward Starling, but the 2029 target still has to survive the laboratory.
VEIR
VEIR is a Woburn, Massachusetts company commercializing high-temperature superconducting power lines that move 5 to 10 times more electricity than conventional cables at the same voltage and footprint. Its key breakthrough is a passive, evaporative liquid-nitrogen cooling system that keeps superconductors cold without heavy machinery. Founded in 2019 out of Breakthrough Energy Ventures research, VEIR targets utilities, renewable developers, and increasingly the power-hungry AI data center market. It closed a $75M Series B in January 2025 led by Munich Re Ventures, with backing from Microsoft's Climate Innovation Fund.