PsiQuantum Appoints Victor Peng as Interim CEO, Co-Founder Jeremy O’Brien to Become Executive Chairman
PALO ALTO, Calif. — PsiQuantum today announced the appointment of Victor Peng, a veteran of the computing industry and former President at Advanced Micro Devices, Inc. (AMD), as Interim Chief Executive Officer, enabling Co-Founder Jeremy O’Brien to take up the role of Executive Chairman.
PsiQuantum Announces New Government Advisory Board Members
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 Collaborating with Airbus to Advance Quantum Computing for Aerospace
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 Form Strategic Collaboration to Accelerate Quantum Computing for Aerospace and Defense
PsiQuantum and Lockheed Martin have signed a memorandum of understanding (MoU) to accelerate the development of quantum computing applications in aerospace and defense.
PsiQuantum launches Construct – A dedicated software suite for designing fault-tolerant quantum algorithms
From the beginning, it was clear that no existing software could support that scale of fault-tolerant algorithmic research, so we tasked our Software and Quantum Applications teams with building their own tools. Today, we are introducing Construct, PsiQuantum’s software platform for designing, developing, and optimizing fault tolerant quantum algorithms.
PsiQuantum Raises $1 Billion to Build Million-Qubit Scale, Fault-Tolerant Quantum Computers
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 and Linde Engineering Collaborate to Deliver Cryogenic Plant for World’s First Utility-Scale Quantum Computer in Brisbane
PsiQuantum today announced a major milestone in its Brisbane project: a partnership with Linde Engineering to build and deliver one of the largest cryogenic plants ever planned for quantum computing. The plant will be constructed and tested by Linde, then installed at PsiQuantum’s site in Brisbane, where it will provide the cryogenic foundation for the world’s first utility-scale quantum computer.
PsiQuantum Announces $10.8M Contract with Air Force Research Laboratory to Deliver Novel Quantum Chip Capabilities to the U.S. Air Force
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
PsiQuantum Announces Omega, a Manufacturable Chipset for Photonic Quantum Computing
PsiQuantum announces Omega, a quantum photonic chipset purpose-built for utility-scale quantum computing.
DARPA Selects PsiQuantum to Advance to Final Phase of Quantum Computing Program
Final Phase of Utility-Scale Quantum Computing Program to Focus on Production-Scale Quantum Computing Technology and High-Impact Use Cases
PsiQuantum opens UK-based research facility to develop next-generation high-power cryogenic systems for large-scale quantum computing
PsiQuantum has teamed up with STFC’s Daresbury Laboratory to develop the next generation of high-power cryogenic modules which will be necessary to scale photonic quantum computers to millions of qubits. PsiQuantum will work with Daresbury Laboratory experts specialized in large-scale cryogenic infrastructure to develop advanced cryogenic systems.
PsiQuantum Will Partner with DARPA to Accelerate Path to Build the World’s First Utility-Scale Quantum Computer
We recently announced a new approach to vastly increasing the efficiency of running quantum algorithms. We call it the Active Volume Architecture. The key insight is that if you have access to certain hardware capabilities then you can obtain remarkable reductions in the running costs of commercially useful quantum algorithms (for example, reducing running costs by around 50x for factoring algorithms).
PsiQuantum Announces Breakthrough in Architectures for Error-Corrected Quantum Computing
We recently announced a new approach to vastly increasing the efficiency of running quantum algorithms. We call it the Active Volume Architecture. The key insight is that if you have access to certain hardware capabilities then you can obtain remarkable reductions in the running costs of commercially useful quantum algorithms (for example, reducing running costs by around 50x for factoring algorithms).