Startup investors including Alphabet Inc.’s Google and SoftBank Group Corp. are betting that quantum computing, often thought of as a fantastical science experiment, is getting closer to having sweeping real-world applications.

Google (GOOG) (GOOGL) and SoftBank (SFTBY) are among the investors in quantum computing startup QuEra Computing, Bloomberg reported. Read for more.

QuEra Computing, a Boston-based quantum computing company, has raised $230 million in a round led by Google (GOOGL) and SoftBank (SFTBF) ’s Vision Fund 2 to develop “fault-tolerant” quantum computers,

SoftBank Group Corp. tumbled to a loss in the December quarter, weighed down by a drop in the value of the Vision Fund’s public holdings, just as Masayoshi Son campaigns to raise $500 billion for the Stargate artificial-intelligence project.

CNBC's Deirdre Bosa joins 'Squawk on the Street' with details about SoftBank.