AMD to Invest in PsiQuantum as Pair Build Utility-Scale Quantum Computing Infrastructure
Updated
Updated · Reuters · Nov 12
AMD to Invest in PsiQuantum as Pair Build Utility-Scale Quantum Computing Infrastructure
3 articles · Updated · Reuters · Nov 12
Summary
AMD plans an equity investment in PsiQuantum as the two expand a partnership to build the infrastructure needed for utility-scale quantum computers; financial terms were not disclosed.
The companies will co-design systems that combine quantum computing with high-performance computing and AI, with AMD supplying CPUs, GPUs, adaptive computing technology and software, and PsiQuantum contributing its silicon photonics platform.
PsiQuantum said its drug-research technology already runs on AMD hardware and has produced more accurate results than existing methods, including early gains in simulating covalent inhibitors used in oncology drug discovery.
Quantum computing has drawn fresh capital as governments and companies chase breakthroughs in drug discovery, financial modeling and cryptography; in May, the U.S. Commerce Department included PsiQuantum in a $2 billion CHIPS Act push, with a $100 million deal.