While both companies have declined to issue any comments, the news of Nvidia being in advanced discussions of investing in an American quantum computing company, PsiQuantum, has met the crowd. While hosting their Quantum day in March, Reuters reported concurrently that PsiQuantum was seeking a minimum amount of $750 million, including from BlackRock, which would give the company a valuation of $6 billion.

Nvidia’s Quantum Curiosity: A Smart Move?

As it appears, Nvidia is airing an observable interest in Quantum computing, and I don’t blame them.
Quantum computing could surpass even the most powerful AI, unlocking scientific and commercial breakthroughs, notably revolutionizing cybersecurity.

Why PsiQuantum?

PsiQuantum tackles quantum computing by using light particles, called photons, as their basic units of information (qubits). Their goal is to build quantum computer brains (processors) using the same standard techniques used to make regular computer chips.

In March, Nvidia CEO Jensen Huang revealed a pristine quantum computing lab in Boston, expected to collaborate with renowned Harvard and MIT scientists (although he earlier stated that practical quantum computers were likely 20 years away).

But that’s where PsiQuantum comes in. They’re not only expected to deliver their first commercial quantum computing system in under six years, but unlike quantum computing startups relying solely on foreign materials, they utilize conventional semiconductor manufacturing techniques. The company has partnerships with GlobalFoundries (NASDAQ:GFS), while operating with Australian and US governments to construct two quantum computers in the coming years, with one located in Brisbane and the other in Chicago.

While this was a good initiative, quantum computing is an intricate piece of technology and this comes across as a long-term investment. Let’s see to what extent this move assists the company and monitor the positive after-effects of this newfound relationship.