Nvidia is reportedly in advanced negotiations to invest in PsiQuantum, a startup dedicated to developing quantum computers.

PsiQuantum employs conventional semiconductor techniques rather than exotic materials, and is collaborating with authorities in Australia and the US to establish quantum computing facilities in Brisbane and Chicago.

Quantum computing is recognized for its potential to tackle complex problems beyond the capabilities of current AI systems, with applications in fields such as cybersecurity, molecular modeling, and logistics optimization.

Details regarding the potential investment, including its size, structure, and timing, remain unconfirmed as both Nvidia and PsiQuantum have declined to comment.

The industry is anticipating official announcements regarding the investment discussions as they progress.

PsiQuantum has previously secured over $1 billion in funding and established partnerships with GlobalFoundries, alongside government support in both the U.S. and Australia.

Despite the ongoing investment discussions, PsiQuantum currently lacks market-ready products, and its technology remains experimental.

The startup aims to develop a million-qubit photonic quantum computer by 2028, utilizing chips fabricated on commercial-scale CMOS lines at GlobalFoundries.

As part of its global ambitions, PsiQuantum plans to build a quantum data center in Chicago.

Neither Nvidia nor PsiQuantum has confirmed the investment discussions, labeling the reports as rumors.

Analysts maintain a positive outlook on Nvidia's stock, with a consensus rating suggesting significant upside potential.

PsiQuantum recently reported significant technical progress in achieving ultra-low-loss silicon nitride waveguides, which are crucial for maintaining qubit coherence in photonic systems.