Nvidia Nears $750M Investment in Quantum Startup PsiQuantum

Nvidia is reportedly in advanced talks to invest in PsiQuantum, a quantum computing startup known for its photonic quantum computing technology that uses photons as qubits, marking Nvidia's first investment in a physical quantum computer company. PsiQuantum is currently raising at least $750 million in a funding round led by BlackRock, with a valuation of about $6 billion, and has strategic partnerships with GlobalFoundries and government support from the U.S. and Australia. The startup aims to build scalable quantum systems and plans to establish a quantum data center in Chicago. Nvidia's potential investment represents a strategic diversification from its AI-focused investments into quantum computing, reflecting its growing commitment to next-generation computing technologies, including hosting a dedicated Quantum Day and opening a quantum research center. Analysts note that while Nvidia's move could accelerate quantum innovation, there is no immediate impact on cryptocurrency markets, as quantum advancements tend to influence cryptographic research gradually. Neither Nvidia nor PsiQuantum has officially commented on the reports.