Nvidia Corporation is reportedly in advanced discussions to invest in quantum computing startup PsiQuantum, according to a report by The Information . Neither company has issued a statement regarding the situation.
This potential investment aligns with Nvidia’s recent initiatives in the quantum computing sector. In March, CEO Jensen Huang announced the establishment of a quantum computing research lab in Boston, set to collaborate with scientists from Harvard and MIT . This move indicates a strategic pivot from Huang’s earlier stance, where he suggested that practical quantum computing applications were likely decades away.
PsiQuantum differentiates itself by utilizing traditional semiconductor manufacturing techniques, specifically photonics, to develop its quantum chips. The company has partnered with GlobalFoundries to fabricate its Omega quantum chips in Albany, New York, achieving manufacturing yields consistent with standard semiconductors . PsiQuantum is working in partnership with both the Australian and United States governments to develop quantum computing systems, with projects underway in Brisbane and Chicago.
Earlier this year, Reuters reported that PsiQuantum was raising at least $750 million from investors, including BlackRock, at a $6 billion pre-money valuation .
Quantum computing holds the potential to perform calculations beyond the capabilities of current AI-driven systems, promising breakthroughs in fields such as cybersecurity and scientific research. Nvidia’s prospective investment in PsiQuantum highlights its dedication to pushing forward innovation in the rapidly evolving quantum computing sector.
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