US Pursues Utility-Scale Quantum Computers Through $125M DARPA Deal

US pursues utility-scale quantum computers through $125M DARPA deal

Quantum computing company PsiQuantum has secured a $125 million expanded agreement with the US Defense Advanced Research Projects Agency (DARPA) to test and evaluate its plans for building utility-scale quantum computers. The performance-based agreement is the company’s largest government award to date and expands work under DARPA’s Quantum Benchmarking Initiative (QBI), a program designed to assess whether commercial quantum computing approache…

PsiQuantum gets DARPA backing

PsiQuantum is getting a $125 million cash infusion from DARPA, the startup announced today, a new vote of confidence for its efforts to build the world’s first large-scale quantum computer.PsiQuantum is part of DARPA’s Quantum Benchmarking Initiative, which started as a way to evaluate the legitimacy of quantum startups and could give investors comfort that the company is not headed down a blind alley.“Their starting assumption was that quantum …

PsiQuantum lands $179.2 million DARPA quantum computing deal

PsiQuantum has secured a $179.2 million DARPA agreement as it targets a commercial quantum computer by 2030. The post PsiQuantum lands $179.2 million DARPA quantum computing deal appeared first on SmartCompany.

Federal quantum bet grows with DARPA's $125 million PsiQuantum award

Defense research agency DARPA made its largest quantum computing award ever this week, with a $125 million agreement announced on Wednesday. The same day, the White House announced an additional $5 billion for the Genesis Mission, which focuses on AI for science but also includes technology to accelerate quantum computing and quantum sensors. “Taken together, these announcements signal that U.S. quantum strategy is shifting from supporting indiv…