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The University of Santa Barbara (UCSB) received $14.5 million from the U.S. Department of Defense (specifically from the Air Force Office of Scientific Research) investigate nano-scale computer chips and quantum computing. $7 million will go to UCSB’s Center for Spintronics and Quantum Computation. This center is led by David Awschalom. Here's David with a great introduction to Spintronics and Diamonds:

David says that this new effort includes training a new generation of quantum scientists and engineers.

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