Nvidia is reportedly in advanced discussions to make an investment in the quantum computing startup PsiQuantum.
Nvidia and PsiQuantum have declined to comment on the reported investment discussions.
Back in March, Reuters revealed that PsiQuantum is in the process of raising at least $750 million from investors, including BlackRock, at a pre-money valuation of $6 billion.
Quantum computing holds the promise of executing complex calculations that surpass the capabilities of even the most advanced AI systems powered by Nvidia chips. This emerging technology could pave the way for breakthroughs in areas such as cybersecurity, scientific research, and commercial innovation.
Nvidia’s potential investment marks a notable shift in its approach to quantum computing. In March, CEO Jensen Huang unveiled plans for a new quantum computing research center in Boston, which will collaborate with scientists from Harvard and MIT. This move contrasts with his earlier view that functional quantum computers were likely still two decades away.
PsiQuantum distinguishes itself from other quantum startups by utilizing standard semiconductor manufacturing processes instead of relying on unconventional materials.
The company is partnering with the governments of Australia and the United States to build two quantum computers—one in Brisbane and the other in Chicago—over the next few years.
Nvidia’s potential investment in PsiQuantum highlights its growing interest in quantum computing and advanced technologies. If finalized, the deal could significantly accelerate developments in the quantum space and strengthen Nvidia’s position in next-generation computing.