Nvidia appears to be setting its sights on the quantum frontier. According to a recent report by The Information, the tech giant is in advanced talks to invest in PsiQuantum, a startup focused on building quantum computers. If the deal goes through, it would mark Nvidia’s first direct move into the physical quantum computing space.
PsiQuantum, known for its unique approach using photons as qubits, is currently in the process of raising a new funding round estimated at $750 million. The company’s valuation before the new funding is reportedly around $6 billion. Investment giant BlackRock is expected to lead the round.
While Nvidia has previously backed AI-focused ventures like CoreWeave and Elon Musk’s xAI, this potential investment signals a broader push into next-gen computing. PsiQuantum’s strategy stands out in the quantum landscape leveraging traditional semiconductor manufacturing techniques to build quantum processors based on photonics.
Headquartered in Palo Alto and founded in 2016, PsiQuantum has already raised over $1 billion. The company is collaborating with GlobalFoundries and has received government support from both the U.S. and Australia. Plans are also underway for a quantum data center in Chicago.
So far, both Nvidia and PsiQuantum have declined to comment publicly on the matter.
This move comes on the heels of Nvidia’s increasing focus on quantum technology. In March, the company hosted its inaugural “Quantum Day” and has since opened a dedicated research center in Boston aimed at exploring quantum computing applications.
