The $1 Billion Bet on Quantum Computers That Process Light – DISCOVER Magazine
In the battle to build the worlds 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 funding to some $1.3 billion. That makes it one of the best funded startups in history.
The excitement is largely because of PsiQuantums unique approach. A key decision is its choice of quantum bits or qubits. Other companies are focusing on superconducting qubits, ion traps, neutral atoms, quantum dots and so on.
PsiQuantum has opted to use photons. The advantage is that photons do not easily interact with the environment, so their quantum nature is relatively stable. Thats important for computation.
Paradoxically, this reluctance to interact is also the main disadvantage of photons. Its hard to make them interact with each other in a way that processes information.
But various groups have demonstrated optical quantum computing and PsiQuantum was founded by researchers in this area from Imperial College London and the University of Bristol.
Optical quantum computing works by creating photons or pairs of them, guiding them through channels carved into silicon where they can interact and then measuring their properties with highly specialized detectors.
PsiQuantum intends to do all this with silicon wafers. Their bold idea was that we already know how to make silicon chips on a vast scale by mass-production. Chip fabrication plants cost billions to build so there is a significant advantage in being able to use this current technology.
And by making bigger, more densely packed chips, optical quantum computers can scale relatively easily. Unlike other designs where scaling will be much harder.
So all the focus has been on how to make the manufacture optical quantum computing chips compatible with conventional fabrication plants.
Thats not as easy as it sounds. So this weeks paper outlining their advances has been eagerly awaited.
The team have reached numerous goals. We modified an established silicon photonics manufacturing flow to include high-performance single photon detection and photon pair generation, they say. To our knowledge, this is the first realization of an integrated photonic technology platform capable of on-chip generation, manipulation, and detection of photonic qubits.
But there are significant steps ahead. PsiQuantum still needs to develop a variety of next generation technologies to make large scale photonic quantum computation feasible. It will be necessary to further reduce Silicon Nitride materials and component losses, improve filter performance, and increase detector efficiency to push overall photon loss and fidelity, say the team.
For example, the on-chip photon detectors that are built into waveguides need to be able to count individual photons. The on-chip photon waveguides need to be lower loss. And perhaps the biggest challenge is in developing high speed optoelectronic switches that can rapidly reconfigure optical circuits.
PsiQuantum is making these switches out of barium titanate (BTO), a material that must be incorporated into the fabrication process. We have developed a proprietary process for the growth of high-quality BTO films using molecular beam epitaxy, compatible with foundry processes, they say.
All that looks impressive, but the paper does not include a demonstration of quantum computing itself.
Perhaps its too early to expect that. To be fair, basic quantum computation with photons has long been possible with these kinds of systems at a small scale.
The singular intent of our development is a useful fault-tolerant quantum computer, they say. PsiQuantum has also said elsewhere that its goal is to achieve this by 2029.
Of course, it faces stiff competition from other manufacturers of quantum computers. Itll be an exciting race and the (quantum) clock is ticking.
Ref: A manufacturable platform for photonic quantum computing : arxiv.org/abs/2404.17570
Link:
The $1 Billion Bet on Quantum Computers That Process Light - DISCOVER Magazine
- Introducing the Quantum Universal Operations Performance System: QUOPS - Quantinuum - September 15th, 2026 [September 15th, 2026]
- Quantum-proof blockchain: why math, not machines, holds the key - CoinDesk - September 15th, 2026 [September 15th, 2026]
- IBM, Lockheed Martin Announce Swiss Quantum Innovation Hub at ETH Zurich, Anchored by Switzerlands First IBM Quantum Computer - IBM Newsroom - September 15th, 2026 [September 15th, 2026]
- Fujitsu Shares Quantum Software Toolkit With Over 80 Partners - Quantum Zeitgeist - September 15th, 2026 [September 15th, 2026]
- Roundtable: Pathfinding New Industrial Division of Labor Map, Embracing the New Future How National Strength Transforms into Industrial Value | 36Kr... - September 15th, 2026 [September 15th, 2026]
- Quandela Publishes White Paper on Photonic QPU Integration With NVIDIA Infrastructure - The Quantum Insider - September 15th, 2026 [September 15th, 2026]
- Tennessee bets big on the future of quantum tech - Oak Ridger - September 15th, 2026 [September 15th, 2026]
- QCi and Hamad Bin Khalifa University Sign Three-Year Agreement on Quantum Technology - The Quantum Insider - September 15th, 2026 [September 15th, 2026]
- BlueQubit Launches "Quantum Flywheel" Grant Program to Advance Quantum Computing with AWS, IBM, and NVIDIA Accelerated Computing - Yahoo... - September 15th, 2026 [September 15th, 2026]
- Nvidias new quantum layer cut Fermilabs design work from five months to three weeks - The Next Web - September 15th, 2026 [September 15th, 2026]
- Which Bitcoin Wallets Are at Risk From Quantum Computers? 6.9 Million BTC Have Exposed Keys - 24/7 Wall St. - September 13th, 2026 [September 13th, 2026]
- AI Just Cut the Cost of Cracking Bitcoins Encryption in Half. Is Q-Day Getting Closer? - 24/7 Wall St. - September 13th, 2026 [September 13th, 2026]
- Which Bitcoin Wallets Are at Risk From Quantum Computers? 6.9 Million BTC Have Exposed Keys - Yahoo Tech - September 13th, 2026 [September 13th, 2026]
- Switzerlands first IBM quantum computer is expected by end-2026 - Stock Titan - September 13th, 2026 [September 13th, 2026]
- Xanadu and AMD Launch Backline Platform for Quantum-Classical Integration - HPCwire - September 13th, 2026 [September 13th, 2026]
- Chalmers Researchers Make Bosonic Quantum Operations More Than 1,000 Times Faster - thequantuminsider.com - September 13th, 2026 [September 13th, 2026]
- Quantum Computer Recreates Particle Collisions That Turn Energy Into Matter - bioengineer.org - September 13th, 2026 [September 13th, 2026]
- A Quantum Physicist Told His Team 'I Think AGI Is Here.' Here's What Convinced Him - Forbes - September 11th, 2026 [September 11th, 2026]
- What Does It Take for a Quantum Computer to Actually Be Quantum? - Quantinuum - September 11th, 2026 [September 11th, 2026]
- These 3 Quantum Stocks Are on the Rise as the US Government Takes Minority Stakes - Yahoo Finance - September 11th, 2026 [September 11th, 2026]
- Switzerland Is Getting Its First Dedicated IBM Quantum Computer - Tomorrow's World Today - September 11th, 2026 [September 11th, 2026]
- Beat the odds: Master and execute Monte Carlo Integration for finance on real quantum computers - Q-CTRL - September 11th, 2026 [September 11th, 2026]
- Why organizations need to act on quantum-safe cybersecurity - The World Economic Forum - September 11th, 2026 [September 11th, 2026]
- Could a Diamond Become the Heart of a Quantum Computer? - Fujitsu Global - September 11th, 2026 [September 11th, 2026]
- IBM, Lockheed Martin team up to bring Switzerland its first 120-qubit quantum computer - Interesting Engineering - September 11th, 2026 [September 11th, 2026]
- For banks, quantum computing is both a threat to security and a chance to build resilience - The World Economic Forum - September 11th, 2026 [September 11th, 2026]
- IBM, Lockheed Martin Announce Swiss Quantum Innovation Hub at ETH Zurich, Anchored by Switzerland's First IBM Quantum Computer - PR Newswire - September 11th, 2026 [September 11th, 2026]
- Fujitsu And Yaqumo Begin Testing on Neutral-Atom Quantum Computer Hardware - The Quantum Insider - September 11th, 2026 [September 11th, 2026]
- Quantum Computing Researchers Cut Estimated Cost of Attacking Bitcoin and Ethereum Encryption in Half - northeasttimes.com - September 11th, 2026 [September 11th, 2026]
- Cleveland Clinic, RIKEN and IBM Team Advance to Finals for 2026 ACM Gordon Bell Prize - IBM Newsroom - September 11th, 2026 [September 11th, 2026]
- Researchers Cut the Estimated Quantum Cost of a Key Step in Attacking Bitcoin and Ethereum by More Than Half - unchainedcrypto.com - September 11th, 2026 [September 11th, 2026]
- BWT Alpine and SEALSQ Explore Quantum-Classical Simulation for Formula One - The Quantum Insider - September 11th, 2026 [September 11th, 2026]
- 3 Quantum Stocks to Buy If You Already Have IonQ - Yahoo Finance - September 11th, 2026 [September 11th, 2026]
- China is poised to lead in research on quantum technologies. Democracies must act - The Strategist | ASPI's analysis and commentary site - September 11th, 2026 [September 11th, 2026]
- The commercialization of quantum computers is three years away. Although it is still in the stage of.. - - September 11th, 2026 [September 11th, 2026]
- Not IonQ, Not Rigetti Computing. This Quantum Computing Stock Could Be September's Biggest Winner. - The Globe and Mail - September 11th, 2026 [September 11th, 2026]
- Semiconductor and Quantum Developments Highlighted at Industry Conferences - IndexBox - September 11th, 2026 [September 11th, 2026]
- Quobly and Absolut System Partner on Cryogenic Infrastructure for Spin-Qubit Quantum Computers - The Quantum Insider - September 11th, 2026 [September 11th, 2026]
- Washington Bought Into Quantum Computing Crypto Should Be Paying Attention - blockhead.co - September 11th, 2026 [September 11th, 2026]
- When Seconds Replace Minutes: Quantum AI and the Fragility of Deterrence - Australian Institute of International Affairs - September 11th, 2026 [September 11th, 2026]
- Quantum computing will cause mayhem. Its an opportunity for investors - The Telegraph - September 11th, 2026 [September 11th, 2026]
- NEC has quietly quit quantum computing hardware development, report claims company says it will continue to evaluate practical applications and... - September 8th, 2026 [September 8th, 2026]
- U.S. Gets Minority Stakes in Some Quantum Computing Companies in $300 Million CHIPS Act Funding Deal - wsj.com - September 8th, 2026 [September 8th, 2026]
- Why quantum computing stocks are soaring today while the rest of the market falls - fastcompany.com - September 8th, 2026 [September 8th, 2026]
- 3 Top Quantum Computing Stocks to Buy in September - Yahoo Finance - September 8th, 2026 [September 8th, 2026]
- We Just Published the First Full-Stack Blueprint for Breaking 256-Bit Elliptic-Curve Signatures Heres What That Means - IonQ - September 8th, 2026 [September 8th, 2026]
- Ethereum Foundation Gives Itself Until 2029 to Guard Against Quantum Attacks - Northeast Times - September 8th, 2026 [September 8th, 2026]
- PsiQuantum Finalizes $100 Million Award with the U.S. Department of Commerce - The Quantum Insider - September 8th, 2026 [September 8th, 2026]
- Quantum Computing Stocks: IonQ Hosts Investor Day With SkyWater Deal In Focus - Investor's Business Daily - September 8th, 2026 [September 8th, 2026]
- Fujitsu Prototypes Diamond Quantum Computer Expandable via Optical Interconnects, Targeting 1,000 Logical Qubits by FY2035 - finance.biggo.com - September 8th, 2026 [September 8th, 2026]
- D-Wave Quantum Secures Up To $100 Million In CHIPS And Science Act Funding - pulse2.com - September 8th, 2026 [September 8th, 2026]
- Quantinuum Finalizes $100 Million CHIPS R&D Award with U.S. Department of Commerce to Advance Trapped-Ion Quantum Computer Manufacturing in the US -... - September 8th, 2026 [September 8th, 2026]
- Rigetti Signs Definitive Agreement for $100M with U.S. Government for Quantum Computing R&D - The Quantum Insider - September 8th, 2026 [September 8th, 2026]
- Biggest stock movers Tuesday: ZIM, NVS, quantum computing stocks, and more - Seeking Alpha - September 8th, 2026 [September 8th, 2026]
- The U.S. government agreed to award $100 million for quantum computing research with Rigetti - Stock Titan - September 8th, 2026 [September 8th, 2026]
- $100 million US push brings 300mm chips into the race for trapped-ion quantum hardware - Interesting Engineering - September 8th, 2026 [September 8th, 2026]
- Why Rigetti Computing Popped Today - The Motley Fool - September 8th, 2026 [September 8th, 2026]
- Is the Quantum Computing Threat to Bitcoin Overblown? These New Developments Suggest That's the Case. - The Globe and Mail - September 8th, 2026 [September 8th, 2026]
- Why D-Wave Quantum Stock Popped Today - Yahoo Finance - September 8th, 2026 [September 8th, 2026]
- IonQ and Congruity360 Partner to Enhance Quantum-Safe Protection - Business Wire - September 8th, 2026 [September 8th, 2026]
- Why Rigetti Computing Popped Today - Yahoo Finance - September 8th, 2026 [September 8th, 2026]
- The U.S.-China Quantum Race: How the State and Private Sector Are Being Mobilized for Quantum - The National Bureau of Asian Research (NBR) - September 4th, 2026 [September 4th, 2026]
- Quobly and TNO Partner on Silicon Spin Qubit Development - The Quantum Insider - September 4th, 2026 [September 4th, 2026]
- Nuclear reactor simulations advance with quantum particle transport breakthrough - Interesting Engineering - September 4th, 2026 [September 4th, 2026]
- Scientek and Classiq Partner to Accelerate Quantum Software Adoption in Taiwan - The Quantum Insider - September 4th, 2026 [September 4th, 2026]
- IBMs Nighthawk r2 Quantum Processor Targets a 25-Fold Increase in Circuit Speed - The Quantum Insider - September 4th, 2026 [September 4th, 2026]
- From MIT to IBM, expediting AI and quantum deployment - MIT News - September 4th, 2026 [September 4th, 2026]
- The Drawing on the Blackboard - The Times of Israel - September 4th, 2026 [September 4th, 2026]
- Quantum Explodes on the International Stage - afcea.org - September 4th, 2026 [September 4th, 2026]
- IonQ quantum computer Tempo goes online at KISTI in April 2027, Han River supercomputer 6 to launch this year - DongA Science - September 4th, 2026 [September 4th, 2026]
- Novo Nordisk's Foundation Is Building a Quantum Chip Factory in Copenhagen - Startup Fortune - September 4th, 2026 [September 4th, 2026]
- China Reaches 98% Efficiency With a Single Quantum Router on Origin Wukong - mediasat.info - September 4th, 2026 [September 4th, 2026]
- QC Ware and IonQ Demonstrate Hybrid Quantum Chemistry Workflow for Drug Discovery - The Quantum Insider - September 4th, 2026 [September 4th, 2026]
- Quantinuum to explore energy-industry uses for quantum tech with Saudi oil giant - BizWest - September 4th, 2026 [September 4th, 2026]
- IBM Stock Is Under Pressure. Is Its Quantum Business Reason Enough to Buy? - Barron's - September 4th, 2026 [September 4th, 2026]
- Old soup factory takes on new high-tech life as quantum computing firm gets $195M federal boost - CBC - August 29th, 2026 [August 29th, 2026]
- Quantum Computings Insiders Have Sold Nearly $863 Million More Than Theyve Bought. Should Investors Worry? - Yahoo Finance - August 29th, 2026 [August 29th, 2026]
- This Quantum Stock Is Surging 40% in Its Trading Debut. Meet Pasqal. - Barron's - August 29th, 2026 [August 29th, 2026]
- IBM Completes Acquisition of HRL Laboratories to Accelerate the Future of Quantum - IBM Newsroom - August 29th, 2026 [August 29th, 2026]
- Guest Post: Quantum Readiness Starts With the Infrastructure Were Building Today - The Quantum Insider - August 29th, 2026 [August 29th, 2026]