NVIDIA Bets on Quantum Computing, Eyes Stake in PsiQuantum
$NVIDIA Corp(NVDA)$
Since then, Nvidia has stepped up its quantum efforts. In March, it held its first "Quantum Day" and announced a research center in Boston to support quantum companies using its hardware. Nvidia also invested in SandboxAQ, a quantum software startup that raised over $450 million.
In short, Nvidia is now placing serious bets on quantum computing, even though it was cautious about the technology just a few months ago.
All computers -- whether they store photos, stream videos, or power AI -- use bits to process information.
Quantum computing works differently. It uses special units called qubits, which can solve really hard problems that would take regular computers thousands of years to solve.
Over the past year, big tech companies like Google and Microsoft have progressed in quantum computing. A Google executive said that useful quantum computers could be ready in five years.
PsiQuantum is a startup founded in 2016 in Palo Alto. It's one of the few companies trying to build a quantum computer. They aim to create a machine that can do complex things, like helping scientists discover new medicines by simulating how molecules work.
Besides PsiQuantum, leading companies like Google, Rigetti, and IBM are developing superconducting qubit-based quantum computers, advancing applications in AI, materials science, and complex optimization.
Google's new Willow chip greatly improves qubit stability, while IBM offers cloud access to powerful quantum processors. D-Wave focuses on quantum annealing, serving industries like finance and logistics with strong government support. Meanwhile, Quantum Computing Inc. develops photonic quantum processors and security products.
On the other hand, Honeywell and IonQ use ion trap technology to provide highly stable qubits. IonQ offers cloud quantum computing and collaborates on drug discovery and defense projects.
Quantum and WiMi are innovating in quantum data storage and quantum RAM, respectively. In quantum cybersecurity, SEALSQ and Arqit develop encryption solutions to protect networks from future quantum attacks.
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