VCs make record bets on quantum computing

Scientists and engineers are still toiling in labs in a race to develop quantum computers that would significantly outperform traditional computers. They're pouring record-high funding into work on computing power that is still considered years away from being ready. Investors have invested $1.02 billion into quantum computing companies so far this year. That's more than was funneled into the industry during the previous three years combined, according to PitchBook data. Quantum computers, which store data in any combination of zeros and ones simultaneously, have the potential to one day facilitate tremendous breakthroughs in anything that requires complex calculations in fields like biotech, chemistry and logistics.