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The $1 Billion Bet on Quantum Computers That Process Light

PsiQuantum wants to make quantum computers in the same way as microchips are made today. So how is it doing?

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In the battle to build the world’s first useful quantum computers, one company has taken an entirely different approach to the other frontrunners. The conventional approach is to gradually increase the size and power of these devices and test as you go.

But PsiQuantum, a startup based in Palo Alto, California, is gambling on the opposite approach. The company is investing heavily in quantum technologies that are compatible with chip-making fabrication plants that already exist. By using these facilities, their goal is to mass-produce powerful silicon-based quantum computers from the very beginning.

This week, they reveal how well this approach is going and discuss the challenges that still lie ahead.

Founded in 2016, PsiQuantum hit the headlines in 2021 when it raised $700 million to pursue its goal of building useful quantum computers within a decade. This week, it announced a similar injection from the Australian government bring its total ...

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