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AMD to invest in PsiQuantum to advance quantum computing infrastructure

By · Published by Everything Blog

In short

The companies plan to co-design infrastructure for utility-scale systems while advancing applications across cryptography, financial modeling, and scientific research. AMD will contribute CPUs, GPUs, software, and adaptive computing technology alongside PsiQuantum's proprietary silicon photonics platform. Notably, PsiQuantum is already utilizing AMD hardware to produce breakthrough simulation results for covalent inhibitors used in oncology drug discovery.

Key points

  • The partnership focuses on co-designing utility-scale quantum infrastructure integrated w…: The partnership focuses on co-designing utility-scale quantum infrastructure integrated with high-performance computing and artificial intelligence.
  • AMD plans an undisclosed equity investment to supply processors and adaptive technology f…: AMD plans an undisclosed equity investment to supply processors and adaptive technology for PsiQuantum's optical platform.
  • Public and commercial interest continues to accelerate quantum computing development to r…: Public and commercial interest continues to accelerate quantum computing development to resolve complex mathematical and medical challenges.

Sources checked by our analysis pipeline: 1

Nov 12 : AMD plans to make an equity investment in quantum computing company PsiQuantum as part of an expanded partnership to develop the infrastructure required for utility-scale quantum computers, the companies said on Thursday.

The deal comes when quantum computing is attracting growing investor interest as companies and governments seek systems capable of solving scientific and commercial problems too complex for conventional computers.

Breakthroughs in the technology have fueled optimism around its application in areas spanning drug discovery to financial modeling and cryptography.

The Commerce Department had in May announced plans to take minority equity stakes in nine quantum computing companies as part of a $2 billion investment under the CHIPS Act, including a $100 million deal with PsiQuantum.

AMD, which makes chips used in data centers and AI systems, and PsiQuantum will co-design computing infrastructure for quantum systems and develop applications that combine quantum computing with high-performance computing and AI. The companies did not disclose the size of AMD's planned equity investment.

Under the partnership, AMD will provide CPUs, GPUs, adaptive computing technology and software, while PsiQuantum will…

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