PsiQuantum is developing a large-scale quantum computer that utilizes photons and optical switches, aiming to solve complex problems intractable for current computers. The company, founded in 2016, plans to use existing semiconductor manufacturing processes for its chips. PsiQuantum has secured significant funding, including a $1 billion round, and is establishing facilities in Chicago and Australia, with the latter expected to be hardware-ready by 2027. Despite the challenges in verifying quantum computing advancements, PsiQuantum is approaching a critical stage where its progress will become evident. AI
IMPACT Could accelerate AI research and drug discovery by providing unprecedented computational power for complex simulations.
RANK_REASON The article details a company's plan and progress in developing a large-scale quantum computer, including significant funding and facility development.
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