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
- What does a quantum computer sound like? This artist and scientist are about to find out - Financial Times - January 11th, 2026 [January 11th, 2026]
- Bipartisan Sens. Give Quantum Reauthorization Act Another Chance - MeriTalk - January 11th, 2026 [January 11th, 2026]
- 3 Quantum Computing Stocks That Could Make a Millionaire - The Motley Fool - January 9th, 2026 [January 9th, 2026]
- Infleqtion and Churchill X Move Forward on SPAC Combination - The Quantum Insider - January 9th, 2026 [January 9th, 2026]
- Quantum computing has advantages over traditional, but still in early innings: BMO (IONQ:NYSE) - Seeking Alpha - January 9th, 2026 [January 9th, 2026]
- D-Wave Buys Quantum Circuits in Shift to Higher Gear - EE Times - January 9th, 2026 [January 9th, 2026]
- Beyond the Hype: 5 Reasons Quantum Computing Stocks IonQ, Rigetti Computing, and D-Wave Quantum Can Crash in 2026 - Nasdaq - January 9th, 2026 [January 9th, 2026]
- Quantum neural network may be able to cheat the uncertainty principle - New Scientist - January 9th, 2026 [January 9th, 2026]
- Q&A: What does cybersecurity look like in the quantum age? - Penn State University - January 9th, 2026 [January 9th, 2026]
- D-Wave Demo At CES 2026 And The Energy Efficiency Of Quantum Computing - Quantum Zeitgeist - January 9th, 2026 [January 9th, 2026]
- Quantum Computers Extract Scattering Phase Shift In One-Dimensional Systems Using Integrated Correlation Functions - Quantum Zeitgeist - January 9th, 2026 [January 9th, 2026]
- How John Clarke's Nobel Prize-Winning Research Paved the Way for Quantum Computing - Berkeley Lab News Center (.gov) - January 9th, 2026 [January 9th, 2026]
- Circle Examines How Crypto and Web3 Ecosystems are Preparing Blockchains for the Quantum Era - Crowdfund Insider - January 9th, 2026 [January 9th, 2026]
- The Best Quantum Computing Stock to Buy Hand Over Fist in 2026 - The Motley Fool - January 9th, 2026 [January 9th, 2026]
- Quantum computing is closer than you think - Federal News Network - January 9th, 2026 [January 9th, 2026]
- Quantum computing company D-Wave acquires new tech in major merger - Washington Times - January 9th, 2026 [January 9th, 2026]
- Josephson junctions quantum computing building blocks are possible with only one superconductor, experiment confirms - Technology Org - January 9th, 2026 [January 9th, 2026]
- After a Year of Quantum Awareness, 2026 Becomes the Year of Quantum Security - The Quantum Insider - January 9th, 2026 [January 9th, 2026]
- The best quantum computing stock to buy hand over fist in 2026 - MSN - January 9th, 2026 [January 9th, 2026]
- Google Willow: The secrets of the world's most powerful quantum computer - BBC - January 8th, 2026 [January 8th, 2026]
- D-Wave: Quantums First Real Revenue Winner (NYSE:QBTS) - Seeking Alpha - January 8th, 2026 [January 8th, 2026]
- D-Wave to Buy Quantum Circuits for $550 Million. Useful Computers Are Coming to Market. - Barron's - January 8th, 2026 [January 8th, 2026]
- DARPA seeks universal translator between different kinds of quantum computer - Breaking Defense - January 8th, 2026 [January 8th, 2026]
- Royal Bank, Telus back $130-million financing by quantum developer Photonic - The Globe and Mail - January 8th, 2026 [January 8th, 2026]
- Qubits Can be Cloned: Scientists Discover First Method to Safely Back up Quantum Information - The Quantum Insider - January 8th, 2026 [January 8th, 2026]
- The Smartest Quantum Computing Stock to Buy for 2026 - Yahoo Finance - January 8th, 2026 [January 8th, 2026]
- 3 Top Quantum Computing Stocks to Buy in 2026 - The Motley Fool - January 8th, 2026 [January 8th, 2026]
- Fredkin And Toffoli: The Architects Of Reversible Computation - Quantum Zeitgeist - January 8th, 2026 [January 8th, 2026]
- Quantum Resistance LLC on the Future of Digital Security in a World of Emerging Quantum Computing - International Business Times - January 8th, 2026 [January 8th, 2026]
- Moscow State University and Rosatom Test 72-Qubit Neutral-Atom Quantum Prototype - Quantum Computing Report - January 8th, 2026 [January 8th, 2026]
- Prediction: These 4 quantum computing stocks will skyrocket in 2026 - MSN - January 8th, 2026 [January 8th, 2026]
- D-Wave Rises On Quantum First - Yahoo Finance - January 8th, 2026 [January 8th, 2026]
- Are Quantum Computing ETFs the Safest Bet for 10-Year Growth? - Nasdaq - January 8th, 2026 [January 8th, 2026]
- Tech and compliance 2026: What to watch for in AI, cybersecurity and quantum computing - Compliance Week - January 8th, 2026 [January 8th, 2026]
- Using microwave pulses to plug leaks in quantum computers makes them more reliable - Phys.org - December 29th, 2025 [December 29th, 2025]
- 5 Major Quantum Computing Breakthroughs that Shaped 2025 - TipRanks - December 29th, 2025 [December 29th, 2025]
- D-Wave stock slides into year-end as quantum peers retreat in thin trade - ts2.tech - December 29th, 2025 [December 29th, 2025]
- Quantum Computing Trends in 2025: Data Reveals Hardware Bets, Cloud Growth And Security Focus - The Quantum Insider - December 29th, 2025 [December 29th, 2025]
- The Neglecton: How Mathematical 'Garbage' Saved The Quantum Computer - Quantum Zeitgeist - December 29th, 2025 [December 29th, 2025]
- Quantum science and technology: highlights of 2025 - Physics World - December 29th, 2025 [December 29th, 2025]
- Are These 2 Quantum Computing Stocks the Key to Decades of Wealth? - The Motley Fool - December 29th, 2025 [December 29th, 2025]
- The Man Who Knew Too Much: Why Ettore Majoranas 1938 disappearance still haunts quantum computing. - Quantum Zeitgeist - December 29th, 2025 [December 29th, 2025]
- Breaking The Code: How Peter Shor Proved Quantum Power Was Real - Quantum Zeitgeist - December 29th, 2025 [December 29th, 2025]
- Opinion: Quantum computing is the stock markets next big tech play and these stocks are still cheap - MarketWatch - December 29th, 2025 [December 29th, 2025]
- Quantum computing made measurable progress toward real-world use in 2025 - TechSpot - December 29th, 2025 [December 29th, 2025]
- IonQ drops with quantum peers into year-end, as investors weigh next catalysts - ts2.tech - December 29th, 2025 [December 29th, 2025]
- Forget Rigetti Computing: This Quantum Stock Offers a Far Better Risk-Reward Right Now - Finviz - December 29th, 2025 [December 29th, 2025]
- Quantum Computing Stocks: IonQ, Rigetti, D-Wave and QUBT Slide Into Year-EndWhat to Watch Before Mondays Open - ts2.tech - December 29th, 2025 [December 29th, 2025]
- Wedbush Initiates Rigetti Computing (RGTI) with Outperform Rating Highlighting Decadelong Expertise in Superconducting Qubit Technology - Yahoo... - December 29th, 2025 [December 29th, 2025]
- Quantum Computing Works - Now Investors Will See If the Stocks Do Too - - December 29th, 2025 [December 29th, 2025]
- If India moves fast on quantum, we can lead next tech revolution - Times of India - December 27th, 2025 [December 27th, 2025]
- Chile Sets 10-Year Strategy to Build Quantum And Biotechnology Industries - The Quantum Insider - December 27th, 2025 [December 27th, 2025]
- Grover's Search: The Algorithm That Changed The Logic Of Discovery - Quantum Zeitgeist - December 27th, 2025 [December 27th, 2025]
- China Demonstrates Quantum Error Correction Using Microwaves, Narrowing Gap With Google - The Quantum Insider - December 27th, 2025 [December 27th, 2025]
- Prediction: Rigetti Computing Stock Is Going to Plunge in 2026 - The Motley Fool - December 27th, 2025 [December 27th, 2025]
- Guest Post Chile and Quantum Technologies: When Strategy Is Built on Real Capabilities - The Quantum Insider - December 27th, 2025 [December 27th, 2025]
- Prediction: Rigetti Computing Stock Is Going to Plunge in 2026 - Nasdaq - December 27th, 2025 [December 27th, 2025]
- My Top 3 Quantum Computing Stocks to Buy in December - The Globe and Mail - December 27th, 2025 [December 27th, 2025]
- D-Wave Quantum (QBTS) Stock Slides After Fridays Selloff: Latest News, Forecasts, Analyst Targets, and What to Watch Before Monday - ts2.tech - December 27th, 2025 [December 27th, 2025]
- The Man Who Reimagined Math: David Deutsch And The Universal Quantum Computer - Quantum Zeitgeist - December 27th, 2025 [December 27th, 2025]
- Quantum Computer Company Xanadu Is Set to Go Public: Should Investors Buy the IPO? - Yahoo! Finance Canada - December 27th, 2025 [December 27th, 2025]
- Quantum Computing (QUBT) Soars 12.86% on Window-Dressing - Yahoo Finance - December 25th, 2025 [December 25th, 2025]
- IBM Is Positioned To Lead In Quantum Computing - Forbes - December 25th, 2025 [December 25th, 2025]
- My Top 3 Quantum Computing Stocks to Buy in December - The Motley Fool - December 25th, 2025 [December 25th, 2025]
- Scientists Just Made Teleportation a Reality With This Groundbreaking Experiment. Are Humans Next? - Popular Mechanics - December 25th, 2025 [December 25th, 2025]
- Quantum computers turned out to be more useful than expected in 2025 - New Scientist - December 25th, 2025 [December 25th, 2025]
- My Top 3 Quantum Computing Stocks to Buy in December - Nasdaq - December 25th, 2025 [December 25th, 2025]
- Will Quantum Computing Inc. (QUBT) stock keep its losing streak going in 2026? - MSN - December 25th, 2025 [December 25th, 2025]
- TQIs Top Quantum Business Stories of 2025 - The Quantum Insider - December 25th, 2025 [December 25th, 2025]
- Minimal time robust control for two superconducting qubits - Nature - December 25th, 2025 [December 25th, 2025]
- IonQ vs. Rigetti Computing: Which Quantum Computing Stock Will Outperform in 2026? - The Motley Fool - December 25th, 2025 [December 25th, 2025]
- D-Wave to Bring Commercial Quantum Computing to CES 2026, Showcasing its Award-Winning Technology and Real-World Customer Success Stories - Yahoo... - December 25th, 2025 [December 25th, 2025]
- Interested in D-Wave Quantum? Mark Your Calendars for January 27. - The Motley Fool - December 25th, 2025 [December 25th, 2025]
- EU Quantum Flagship Benchmarks Achieve Scalable Quantum Computing Performance Metrics - Quantum Zeitgeist - December 25th, 2025 [December 25th, 2025]
- Korean Quantum Startup Founder Says Global Ambition is Key to Tech Success - - December 25th, 2025 [December 25th, 2025]
- Andhra Pradesh Will Launch Quantum Computer In 2 Years With 85% Make In India Components - Trak.in - December 25th, 2025 [December 25th, 2025]
- Is IonQ Poised to Be the Quantum Stock Worth $50 Billion in 5 Years? - The Motley Fool - December 25th, 2025 [December 25th, 2025]
- Beyond The Bit: How The Solvay Conferences Paved The Way For Qubits - Quantum Zeitgeist - December 25th, 2025 [December 25th, 2025]
- Scientists build a quantum computer that can repair itself using recycled atoms - Phys.org - December 18th, 2025 [December 18th, 2025]
- Michio Kaku: How quantum computers compute in multiple universes at once - Big Think - December 14th, 2025 [December 14th, 2025]