Shares of French quantum computing company Pasqal closed up 95% in their Nasdaq debut on Friday following a merger with a SPAC (Emily Forgash/Bloomberg)

Pasqal, a French quantum-computing firm, surged 95% on its Nasdaq debut after merging with a special-purpose acquisition company. Andreessen Horowitz launched a $1.1 billion “Machine Age” fund aimed at accelerating AI hardware development. A U.S. judge blocked the Pentagon’s attempt to blacklist Anthropic, deeming the supply-chain risk designation illegal.