The $1 Billion Quantum Bet – PsiQuantum’s Race to Build a Million-Qubit Machine

Forget small steps; PsiQuantum is skipping straight to the quantum moon with a one-million-qubit photonic computer by 2027.

While others are stuck in the noisy intermediate-scale quantum (NISQ) era, PsiQuantum is scaling up fast with photonic qubits, skipping intermediate steps and using light to bring the future forward.

Backed by AU$1 billion, it aims to build a million-qubit quantum computer using semiconductor fabrication processes from smartphone chips. Partnering with GlobalFoundries, the company has overcome challenges like blocking unwanted light by 12 orders of magnitude and integrating 1,000 kilometers of optical fiber.

Pharmaceutical giants like Boehringer Ingelheim are already developing quantum algorithms to accelerate drug research, while Mercedes-Benz hopes to revolutionize battery design for electric vehicles. With no insurmountable technological gaps remaining, PsiQuantum aims to hit the switch in 2027.

If they succeed, the quantum computing era could officially begin in 2027. But will this leap ahead of its time prove visionary, or risky?

Read the full article on New Scientist.

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