Stealth Quantum Computing Company Raises $215M to Build 1M Qbit Computer
An Anonymous Coward writes:
Quantum Computing Startup Raises $215 Million for Faster DevicePsiQuantum Corp. on Monday said it raised $215 million to help it develop a commercial quantum computer more powerful than machines being developed by Google, IBM, Honeywell, and a host of startups and university labs.
Jeremy O'Brien, co-founder and CEO of the 5-year-old Palo Alto startup, told Bloomberg that the company expects to build a computer with 1 million qubits, or quantum bits, within "a handful of years."
[...] "If they are really able to pull this off, it immediately distinguishes them and puts them in a completely different field so far ahead of the competition," Peter Rohde, a Future Fellow at the Centre for Quantum Software and Information at the University of Technology Sydney, told Bloomberg.
CEO O'Brien and co-founders [...] formed PsiQuantum in Silicon Valley to develop a computer that essentially runs on light.
They have assembled a team of more than 100 to build what is known as a silicon photonic quantum computer.
Samir Kumar, general manager of Microsoft Corp.'s venture capital unit who has invested in PsiQuantum, put in perspective what the company says its machine will be able to do: "By the time you get to 80 qubits, you are in a place where the qubits are storing more information than the total number of atoms in the entire universe."
Anonymous Coward writes:
PsiQuantum's photon-based model is still years away, but the company says it'll be more powerful than Google's or IBM's.
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