In This Article
- Nvidia Said to be in Talks to Invest in PsiQuantum
- Is Nvidia Moving from AI to Quantum Computing
On Sunday, a report was shown indicating that Nvidia’s cooperation is in advanced discussion regarding investing in the quantum computing startup PsiQuantum. However, there are no official notices or posts from any of these companies.
The American quantum computing company, PsiQuantum, was co-founded by three partners in 2016 and is in the news because of its excellent work in the general-purpose silicon photonic quantum computer development. This would be the world’s first workable quantum computer, that makes the company unique and eligible to invest a lot in.
Investing in such a powerful startup is a great opportunity for the chipmaker Nvidia to get into next-generation computing. Before this, the company had been investing a lot in artificial intelligence, such as betting on the AI-centric firms, including CoreWeave and xA.
Nvidia Said to be in Talks to Invest in PsiQuantum
The potential deal between PsiQuantum and Nvidia is supposed to raise more than $750 million. According to the resources, this is going to be the fresh funding, and there are strong chances that the company will demand $6 billion as the pre-money valuation.
PsiQuantum came into this position after its remarkable work in the photonic approach to quantum computing. The company is known for its manufacturing of quantum processors, for which it uses photons as qubits. This is one of the most efficient ways to use conventional semiconductor methods for processor manufacturing.
The company’s aim is to create processors that outperform classic computers. Here are PsiQuantum’s points highlighting its importance:
- The company was founded in 2016 with $1 billion but has reached its current worth in this short time.
- It has a partnership with GlobalFoundries
- The company has great support from the governments of Australia and the U.S
- It is planning to create the data centers in Chicago
- In the near future, the company is going to create two quantum computers, one in Brisbane and the other in Chicago
Is Nvidia Moving from AI to Quantum Computing
Nvidia is one of the most advanced chip-making companies in the world, and it always grabs the new technologies to perform better. In recent years, it has invested a lot in AI chipmaking, creating remarkable products.
The world is most interested in AI applications; therefore, expert companies like Weborik Hub are presenting the services to integrate AI features into the web solution, making them advanced and more efficient.
Nvidia has multiple projects utilizing artificial intelligence, but in March, Jensen Huang, the company’s CEO, announced that they are paying attention to quantum computing. The company is working to create the new quantum computing research lab.
The lab will be created in Boston with the collaboration of Harvard and MIT scientists. PsiQuantum is unique among other quantum computing startups because it uses exotic materials and utilizes conventional semiconductor manufacturing techniques.
The current decision by Nvidia is raising the question of whether it is a good time to invest in its stock. Other companies are investing a lot in the AI technique and have great potential to perform better in the market but have overpriced shares. We would suggest that you pay attention to Nvidia and PsiQuantum’s stock and market value.
