Nvidia Corp (NASDAQ:NVDA, ETR:NVD) is reportedly in advanced discussions to invest in PsiQuantum, a California-based quantum computing startup, according to The Information.
The talks come as PsiQuantum seeks to raise at least $750 million at a $6 billion pre-money valuation, with backers including BlackRock.
The company uses conventional semiconductor techniques rather than exotic materials and is working with authorities in Australia and the US to build quantum computers in Brisbane and Chicago.
Nvidia’s interest marks a shift in stance. In March, it launched a quantum research lab in Boston in partnership with Harvard and MIT, despite previously suggesting usable quantum systems remained decades away.
Quantum computing promises breakthroughs in fields such as cybersecurity and scientific modelling.