Articles from PsiQuantum

PsiQuantum today announced three new members of the company’s Government Advisory Board (GAB), comprised of leaders with decades of public service and policy expertise. The Hon. Stephen E. Biegun, the Hon. Ellen Lord, and Dr. Chris Miller will join existing GAB member Vice Admiral Bob Sharp, USN (Ret.). PsiQuantum will draw on the GAB members' deep experience to advance the company’s partnerships across the public sector.

PsiQuantum announced today that the company is collaborating with Airbus, Europe’s largest aeronautics and space company, to advance applications in aerospace for fault-tolerant quantum computers. Under the QuLAB project at Airbus, the two companies are combining their expertise to develop and evaluate quantum algorithms for complex problems in fluid mechanics—illustrating the promise of fault-tolerant quantum computing for aerospace solutions.

PsiQuantum and Lockheed Martin have signed a memorandum of understanding (MoU) to accelerate the development of quantum computing applications in aerospace and defense. Building on years of strategic collaboration, this joint effort marks a significant step forward in the critical work to address how quantum computing can be deployed against complex challenges in national security and a range of aerospace technologies.

PsiQuantum today broke ground on the company’s site at the Illinois Quantum and Microelectronics Park (IQMP) in Chicago, where America’s first million-qubit scale, fault-tolerant quantum computer will be built and deployed. Prof. Jeremy O’Brien, PsiQuantum co-founder and Chief Executive Officer, joined Illinois Governor JB Pritzker, Chicago Mayor Brandon Johnson, Cook County Board President Toni Preckwinkle, and other elected officials, business leaders, and local community stakeholders from the State of Illinois, Cook County, and City of Chicago, for a groundbreaking ceremony at the former U.S. Steel South Works site.

PsiQuantum today announced it has raised $1 billion in funding for its Series E round to build the world’s first commercially useful, fault-tolerant quantum computers. This funding will equip the company to break ground on utility-scale quantum computing sites in Brisbane and Chicago, deploy large-scale prototype systems to validate systems architecture and integration, and further advance the performance of its quantum photonic chips and fault-tolerant architecture.

PsiQuantum today announced a $10.8M contract with the Air Force Research Laboratory (AFRL) in Rome, N.Y., continuing a partnership that began in 2022. This phase will give AFRL a design space for comparative quantum circuits on PsiQuantum’s circuit tapeout, part of its ongoing Omega quantum chipset manufacturing with GlobalFoundries. As AFRL’s hardware design partner, PsiQuantum will supply its high-performance Barium Titanate (BTO) Electro-Optic phase shifters and integrate BTO into AFRL-designed optical circuits. PsiQuantum’s 300mm BTO material is believed to be the world’s highest-performing electro-switch material. The company will also provide essential quantum circuit components. Once designed, constructed, and screened for performance, the company will deliver these completed chips to AFRL, who will then validate their capabilities to address other Air Force use cases.

PsiQuantum today announces Omega, a quantum photonic chipset purpose-built for utility-scale quantum computing. Featured in a newly published paper in Nature, the chipset contains all the advanced components required to build million-qubit-scale quantum computers and deliver on the profoundly world-changing promise of this technology. Every photonic component is demonstrated with beyond-state-of-the-art performance. The paper shows high-fidelity qubit operations, and a simple, long-range chip-to-chip qubit interconnect – a key enabler to scale that has remained challenging for other technologies. The chips are made in a high-volume semiconductor fab, representing a new level of technical maturity and scale in a field that is often thought of as being confined to research labs. PsiQuantum will break ground this year on two datacenter-sized Quantum Compute Centers in Brisbane, Australia and Chicago, Illinois.

PsiQuantum has successfully completed the research & development viability phase of the Defense Advanced Research Projects Agency's (DARPA) Underexplored Systems for Utility-Scale Quantum Computing (US2QC) program — one of the programs that makes up DARPA’s larger Quantum Benchmarking Initiative (QBI) — and is now entering the validation phase of the program. In this final phase, DARPA will evaluate PsiQuantum’s utility-scale system design, component and system performance to specification, and application use cases and economic utility. This next and final phase of work marks another significant milestone in PsiQuantum's roadmap to develop the world’s first utility-scale, fault-tolerant quantum computers on the fastest timeline possible.

PsiQuantum today announced a far-reaching partnership with the State of Illinois, Cook County, and the City of Chicago to build the first US-based utility-scale, fault-tolerant quantum computer at the former US Steel South Works property in the City of Chicago. Under this agreement PsiQuantum will anchor the newly established Illinois Quantum and Microelectronics Park (IQMP) which will catalyze the state’s highly developed quantum ecosystem, including the University of Illinois Urbana-Champaign (UIUC), the University of Chicago, the Chicago Quantum Exchange, Argonne and Fermi national labs and DARPA, the US Department of Defense’s Advanced Research Project Agency and others.

PsiQuantum today announced it will build the world’s first utility-scale quantum computer at a strategically located site near Brisbane Airport in Brisbane, Australia. The Australian Commonwealth and Queensland Governments will invest $940M AUD ($620M USD) into PsiQuantum through a financial package, comprised of equity, grants, and loans. PsiQuantum is on an aggressive plan to have the site operational by the end of 2027. A fault-tolerant quantum computer will be able to solve commercially useful problems across industries built upon chemistry, math, and physics; thereby transforming critical industries – including renewable energy, minerals and metals, healthcare and transportation – that will propel the global economy for decades to come.

PsiQuantum and Mitsubishi UFJ Financial Group today announced that they are beginning work with Mitsubishi Chemical Group on a joint project to simulate excited states of photochromic molecules which have widespread industrial and residential potential applications such as the development of smart windows, energy-efficient data storage, solar energy storage and solar cells, and other photoswitching use cases.

PsiQuantum today announced that it was awarded a contract with the Defense Advanced Research Projects Agency (DARPA) to continue work on the Underexplored Systems for Utility-Scale Quantum Computing (US2QC) program, which seeks to determine whether an underexplored approach to quantum computing – like PsiQuantum’s photonic approach – is capable of achieving utility-scale operation much faster than conventional predictions.

PsiQuantum today announced the creation of the company’s inaugural Government Advisory Board (GAB), which brings together a diverse group of leaders with decades of public service in the White House, the Departments of Defense and Commerce, the Intelligence Community, and the U.S. Congress. Although currently focused on priorities pertaining to U.S. Government, PsiQuantum plans to expand the Government Advisory Board to include leaders from other allied nations as well.

At the official opening of PsiDaresbury, the new STFC-PsiQuantum R&D facility, PsiQuantum announced that it is beginning work with STFC’s Hartree Centre, with the support of the National Security Strategic Investment Fund (NSSIF), on a 12-month project to develop Fault-Tolerant Quantum Computing (FTQC) applications in the UK. Insights from this work will be shared across government and with collaborative industry partners.

PsiQuantum announced that it is beginning work with the U.S. Department of Energy’s (DOE) SLAC National Accelerator Laboratory to leverage the existing infrastructure and cryogenic engineering expertise at SLAC to prove the viability of existing cryogenic cooling solutions to support building a large-scale, error-corrected quantum computer. This effort takes place under a Cooperative Research and Development Agreement with Stanford University, which operates SLAC for the DOE.

PsiQuantum announced today the opening of its UK-based advanced R&D facility at STFC’s Daresbury Laboratory in the north west of England. This effort is backed by £9M of funding from the UK government’s Department for Science, Innovation and Technology (DSIT), and gives PsiQuantum access to one of Europe’s largest liquid-helium (approx. -270°C) cryogenic plants.

PsiQuantum today announced that it has signed a contract with the Defense Advanced Research Projects Agency (DARPA) to perform on the Utility-Scale Quantum Computing (US2QC) program, which underpins the U.S. government’s commitment to identify companies with credible roadmaps to building a useful quantum computer in the near term.

PsiQuantum announces today the addition of Roland Acra to its leadership team. Roland joins as Chief Business Officer and will lead the company’s business strategy, including commercial, global market expansion, quantum applications and software development.

PsiQuantum is announcing a breakthrough technique for more efficiently implementing fault-tolerant quantum computations. The company expects this technique to deliver approximately a 50X improvement in the run-time efficiency of compiled applications.

PsiQuantum today announced a $22.5 million contract with the Air Force Research Laboratory (AFRL) in Rome, N.Y., to formalize their partnership in quantum computing. This project enables a collaboration between PsiQuantum and AFRL on quantum photonic chips, which are used to control and process qubits based on single photons – particles of light. These advanced quantum photonic chips will be co-designed by PsiQuantum and AFRL and manufactured at GlobalFoundries semiconductor fab in Malta, N.Y.

PsiQuantum, the company that’s building the world’s first utility-scale quantum computer, today at Davos announced Qlimate. A subsidiary of PsiQuantum, Qlimate is a quantum computing net zero initiative that builds partnerships to develop and scale decarbonization technology breakthroughs.

PsiQuantum, the company that’s building the world’s first utility-scale quantum computer, today announced a new analysis of how electrolyte molecules in Lithium-ion batteries (LiB) can be simulated on a fault-tolerant quantum computer, enabling breakthroughs sought by automotive manufacturers in next-generation battery design.

PsiQuantum's partnership with GlobalFoundries (GF) has been included in Fast Company’s prestigious annual list of the World’s Most Innovative Companies. PsiQuantum is using GF’s advanced semiconductor manufacturing facilities to build the world’s first useful quantum computer, and the Fast Company award recognizes this unprecedented collaboration.

PsiQuantum and QunaSys, Inc. (“QunaSys”) today announced a joint research project to assess the power of fault-tolerant quantum computing for industrial chemistry calculations aimed at accelerating the development of sustainable materials. JSR Corporation (“JSR”) of Japan joined the project as an alpha customer and will evaluate quantum computing for advancements in the manufacture of photoresists, elastomers, plastics, and reagents.

PsiQuantum has raised $450 million in Series D funding to build the world’s first commercially viable quantum computer. The funding round was led by funds and accounts managed by BlackRock, along with participation from insiders including Baillie Gifford and M12 – Microsoft’s venture fund – and new investors including Blackbird Ventures and Temasek. PsiQuantum has now raised a total of $665 million in funding to date.

PsiQuantum™, the leading quantum computing company focused on delivering a 1 million-plus qubit quantum computer, and GLOBALFOUNDRIES® (GF®), the global leader in feature-rich semiconductor manufacturing, today announced a major breakthrough in their partnership to build the world’s first full-scale commercial quantum computer. The two companies are now manufacturing the silicon photonic and electronic chips that form the foundation of the Q1 system, the first system milestone in PsiQuantum’s roadmap to deliver a commercially viable quantum computer with one million qubits (the basic unit of quantum information) and beyond.