Nvidia in advanced talks to invest in PsiQuantum, The Information reports
(Reuters) -Nvidia (NVDA) is in advanced talks to invest in quantum computing startup PsiQuantum, The Information reported on Sunday.
Nvidia and PsiQuantum declined to comment on the report.
Reuters reported in March that PsiQuantum is raising at least $750 million from investors including BlackRock at a $6 billion pre-money valuation.
Quantum technology has the potential to perform types of calculations that would stump even the most powerful artificial intelligence systems that use Nvidia chips and could unlock a host of scientific and commercial applications, including cybersecurity.
Nvidia's recent investment signals a shift in its quantum computing stance. In March, CEO Jensen Huang announced a new quantum computing research lab in Boston, set to collaborate with Harvard and MIT scientists, despite earlier stating that practical quantum computers were likely 20 years away.
PsiQuantum, unlike quantum computing startups relying on exotic materials, leverages conventional semiconductor manufacturing techniques.
The company is working with the governments in Australia and the United States to build two quantum computers in the coming years - one in Brisbane and the other in Chicago.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
14 minutes ago
- Yahoo
Jennifer Chrisler named interim president of Hampshire College
AMHERST, Mass. (WWLP) – Hampshire College has appointed Jennifer Chrisler as its interim president, effective July 1, following the departure of President Ed Wingenbach, who is leaving to lead the American College of Greece. Underage drinking dangers during graduation season Chrisler, currently serving as Hampshire's vice president for institutional support, joined the College in 2019 as chief advancement officer during a pivotal time in the institution's history. That year, the College reversed its decision to pursue a merger and recommitted to remaining an independent and autonomous institution. Since then, Chrisler has played a key role in stabilizing Hampshire's financial outlook. She led the 'Change in the Making' campaign, which has raised over $50 million in direct operating support, including three $5 million gifts — the largest contributions the College has received since its founding. 'The board has every confidence in Jenn's outstanding leadership abilities, and we know that her work will be informed by her love of Hampshire and familiarity with the community,' said Jose Fuentes, chair of Hampshire's Board of Trustees. 'As interim president, she will ensure the College continues to increase and stabilize enrollment and successfully close our fundraising campaign, all while delivering a distinctive, world-class education.' Chrisler expressed her deep commitment to the College's mission in a statement. 'I joined Hampshire six years ago because I believe in this College's mission and the unique education it offers. Six years later, I can say for certain that the breadth and depth of Hampshire's impact on the world are needed now more than ever,' Chrisler said. 'The people who are educated, teach, work, and live here are truly remarkable. I'm honored that the board and campus have entrusted me with this role, and I look forward to continuing the consequential work of securing Hampshire's future.' Chrisler's interim presidency begins as the Board of Trustees conducts a national search for a permanent president in partnership with Greenwood Asher & Associates. Before her current role, Chrisler led institutional support functions including fundraising, alumni and family relations, enrollment, financial aid, marketing and communications, public relations, and event services. She previously served as vice chancellor for advancement at the University of Massachusetts Dartmouth and as vice president of alumnae relations at Smith College, her alma mater. Chrisler also brings a national profile as an advocate for LGBTQIA+ rights. From 2005 to 2013, she was executive director of the Family Equality Council, where she grew its annual fundraising to nearly $3 million and expanded major donor and corporate support. She currently chairs the board of Fenway Health, a Boston-based organization that centers LGBTQIA+ individuals, BIPOC communities, and other underserved groups in health care and research. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
29 minutes ago
- Yahoo
Huawei chips are one generation behind US but firm finding workarounds, CEO says
By Brenda Goh BEIJING (Reuters) -Huawei Technologies' chips are one generation behind those of U.S. peers but the firm is finding ways to improve performance through methods such as cluster computing, Chinese state media quoted CEO Ren Zhengfei as saying on Tuesday. The chipmaker invests 180 billion yuan ($25.07 billion) in research annually and sees promise in compound chips - chips made from multiple elements - Ren said in an interview with the People's Daily newspaper of the governing Communist Party. There is "no need to worry about the chip problem", Ren said, addressing concerns stemming from U.S. export controls. The article, published on the front page of the newspaper, come as top U.S. and Chinese officials are set to resume trade talks for a second day in London where topics such U.S. tech restrictions on China are expected to be discussed. Since 2019, a slew of U.S. export curbs, aimed at curbing China's technological and military advancements, have restricted Huawei and other Chinese firms from accessing high-end chips and the equipment needed to produce them from abroad. Ren's comments are the first ever from him or Huawei about the company's advanced chipmaking efforts, which have become a flashpoint in U.S.-China tensions. Huawei is just one of many Chinese chipmakers, Ren said in the interview, adding: "The United States has exaggerated Huawei's achievements. Huawei is not that great. We have to work hard to reach their evaluation." "Our single chip is still behind the U.S. by a generation. We use mathematics to supplement physics, non-Moore's law to supplement Moore's law and cluster computing to supplement single chips and the results can also achieve practical conditions. Software is not a bottleneck for us," he said. Cluster computing is when multiple computers work together. Moore's law refers to the speed of chip advancement. HUAWEI'S LAUNCHES Huawei's Ascend series of AI chips compete in China with offerings from Nvidia, the global leader in AI chips. The U.S. commerce department last month said the use of Ascend chips would be a violation of export controls. Nvidia's AI chips are more powerful than Huawei's but the company has been barred by Washington from selling its most sophisticated chips to China, causing it to lose significant market share to Huawei. In April, Huawei launched "AI CloudMatrix 384", a system that links 384 Ascend 910C chips in a cluster that companies can use to train AI models, which has been described by analysts as able to outperform Nvidia's GB200 NVL72 system on some metrics. Dylan Patel, founder of semiconductor research group SemiAnalysis, said in an article that month that it meant that Huawei and China now had AI system capabilities that could beat Nvidia. Nvidia and the U.S. commerce department did not immediately respond to a request for comment on Ren's remarks. Ren also said about a third of Huawei's annual research spending went to theoretical research while the rest was spent on product research and development. "Without theory, there will be no breakthroughs, and we will not catch up with the United States." ($1 = 7.1802 Chinese yuan)
Yahoo
an hour ago
- Yahoo
ASX Penny Stocks: Frontier Digital Ventures And 2 Other Promising Picks
As the Australian market eases back into action after a brief hiatus, investors are keenly observing developments both locally and internationally, with trade talks and economic reports shaping the landscape. Despite being an older term, "penny stocks" continue to hold relevance for those looking to uncover growth opportunities in smaller or newer companies. With strong financial foundations, these stocks can offer attractive potential returns at lower price points, making them intriguing options for discerning investors. Name Share Price Market Cap Financial Health Rating EZZ Life Science Holdings (ASX:EZZ) A$1.50 A$70.76M ★★★★★★ GTN (ASX:GTN) A$0.65 A$124.05M ★★★★★★ IVE Group (ASX:IGL) A$2.57 A$396.25M ★★★★★☆ Southern Cross Electrical Engineering (ASX:SXE) A$1.67 A$441.56M ★★★★★★ Tasmea (ASX:TEA) A$3.08 A$725.72M ★★★★★☆ Regal Partners (ASX:RPL) A$2.25 A$756.37M ★★★★★★ Accent Group (ASX:AX1) A$1.845 A$1.11B ★★★★☆☆ Lindsay Australia (ASX:LAU) A$0.71 A$225.19M ★★★★☆☆ Bisalloy Steel Group (ASX:BIS) A$3.37 A$159.91M ★★★★★★ CTI Logistics (ASX:CLX) A$1.815 A$146.19M ★★★★☆☆ Click here to see the full list of 1,003 stocks from our ASX Penny Stocks screener. Below we spotlight a couple of our favorites from our exclusive screener. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Frontier Digital Ventures Limited is a private equity firm focused on investing in and developing online classifieds businesses in emerging markets, with a market cap of A$99.75 million. Operations: Frontier Digital Ventures generates revenue from its online classifieds businesses across various regions, with notable contributions from Infocasas (A$19.43 million), Fincaraiz (A$14.14 million), Encuentra24 (A$11.65 million), and Avito (A$7.66 million). Market Cap: A$99.75M Frontier Digital Ventures has a market cap of A$99.75 million and focuses on online classifieds in emerging markets, generating significant revenue from businesses like Infocasas and Fincaraiz. Despite being unprofitable, it maintains a strong cash position with short-term assets exceeding liabilities, allowing for over a year of runway based on current free cash flow. The company has reduced its debt-to-equity ratio significantly over five years and holds more cash than total debt. Recent board changes include the appointment of Patrick Grove as Director, which may influence strategic direction amidst high share price volatility. Jump into the full analysis health report here for a deeper understanding of Frontier Digital Ventures. Gain insights into Frontier Digital Ventures' future direction by reviewing our growth report. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Imugene Limited is a clinical stage immuno-oncology company in Australia that develops immunotherapies aimed at activating the immune system to treat and eradicate cancerous tumors, with a market cap of A$119.47 million. Operations: Imugene generates its revenue from the research, development, and commercialisation of health technologies, with reported earnings of -A$1.84 million. Market Cap: A$119.47M Imugene Limited, with a market cap of A$119.47 million, is a clinical-stage immuno-oncology company that remains pre-revenue, generating less than US$1 million. Despite being unprofitable and not expected to reach profitability in the next three years, Imugene's short-term assets significantly exceed both its short and long-term liabilities. The company has more cash than debt but faces a limited cash runway of 3-4 months based on past free cash flow estimates. Recent developments include its addition to the S&P/ASX Emerging Companies Index and presentations at industry conferences by CEO Leslie Chong. Dive into the specifics of Imugene here with our thorough balance sheet health report. Review our growth performance report to gain insights into Imugene's future. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Kingsgate Consolidated Limited is involved in the exploration, development, and mining of gold and silver mineral properties with a market capitalization of A$560.50 million. Operations: The company's revenue is primarily generated from its Chatree segment, which reported A$210.69 million. Market Cap: A$560.5M Kingsgate Consolidated, with a market cap of A$560.50 million, demonstrates strong financial performance in the penny stock category. The company has shown impressive earnings growth of 1203% over the past year, significantly outpacing industry averages. Its debt management is robust, with operating cash flow covering 69% of its debt and EBIT covering interest payments 17.2 times over. Recent announcements include a share buyback program aimed at enhancing shareholder value as part of its capital management strategy. However, while short-term liabilities are covered by assets, long-term liabilities remain uncovered by current short-term assets. Unlock comprehensive insights into our analysis of Kingsgate Consolidated stock in this financial health report. Explore Kingsgate Consolidated's analyst forecasts in our growth report. Unlock our comprehensive list of 1,003 ASX Penny Stocks by clicking here. Seeking Other Investments? We've found 17 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:FDV ASX:IMU and ASX:KCN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
