PsiQuantum

“The plan of record that the company marches to is that we want to have that site enabled by end of 20, 27 in Australia.”

“And so now we've moved to the South Bay. We've got 140,000 square foot of space in this new building. We've got 40,000 square feet of former class 10 clean room space.”

“The number of people who directly interface with the products of TSMC, ASML, SpaceX, NVIDIA, like how many people do a tape out of TSMC? How many people run an ASML EUV machine is minuscule number of people. And so there are these giant companies where their c…”

“When you're making a ton of revenue you're probably doing something that, you know, within reason you could call useful and like a billion dollars of revenue would be a nice starting point for a useful machine like this. Yeah, definitely what is not useful is …”

“The general consensus is that you need more like a million qubits to do anything commercially impactful with a quantum computer.”

“That's right to my knowledge, yeah.”

“You should get like an economic early warning sign essentially where you should see quantum computing companies Doing commercially impactful things, making money, and then eventually scaling towards systems that are big enough to be cryptographically relevant.”

“We are actually working with NVIDIA on a whole bunch of different tracks.”

“With that, we should be able to generate extremely precise data in otherwise unexplored territory of chemical space of material space and use that data to drive to train a conventional machine learning system. I think through that kind of mechanism, we can Pro…”

“We've invested in the semiconductor manufacturing, in the networking, in the cooling, in all of the technology that we need to deliver a million qubit machine. And we haven't spent any of our resources On like taking a 20 qubit processor, sticking it online, l…”

“Last year we announced these major deals with the Australian government. So that's about a billion dollar Australian deal for us to build a very large scale quantum computer in Brisbane.”

“We've had, so BlackRock, Bailey Gifford, Tamasek are all involved in the rounds, and then we have a bunch of new investors also coming into the rounds. But a lot of familiar names from Silicon Valley, and then also some maybe slightly surprising late stage cro…”

“And I think he's probably right on average on that timeline.”

“When we published that paper in nature, I think it was something like 14 regular optical networking and semiconductor companies rang up global foundries asking how they could get access to that material because it is basically the strongest optical material kn…”

“We've spent over a hundred million dollars over the last eight years or so to establish that manufacturing process at GF.”

“And then also that we would be the anchor tenant Of a new five hundred million dollar quantum computing campus that's being built in Chicago.”

“It's made with the strongest electro optic material known to science.”

“And then at the end of that, I don't know, 18 month process she concludes that we're a country mile ahead of anyone else.”

“And my shorthand on what that building is doing is that it's the Foxconn of quantum computing. So our whole approach is to leverage existing fabs and contract manufacturers and so on. But that building is doing the exceptions to that rule. So where we have to …”

“We're the only people in the world who make that on a 300 millimeter wafer.”

“Quantum computing is the same, right? Like most people will never program a quantum computer. Most people will never directly interact with a quantum computer.”

“So we have about a 50 person applications team who engage with car companies, materials companies, energy companies, et cetera to prepare them for the existence of that big machine.”

“Once that machine comes online, we're not going to sell it. Selling a, you know, a 100,000 square foot system is is dangerous and stupid is probably how I'd put it.”

“Quantum computing has already consumed billions and billions and billions of dollars of capital. It has consumed the entire adult life of tens of thousands of our best scientists and researchers. Some total has got to be nearly a 100,000 years of human life. B…”

“That stuff is really important, but it's a small piece of the puzzle of building a data center sized machine.”

“Nobody has a useful quantum computer.”

“The only reason that we could afford to make that really extreme bet that we're going to go straight to a million qubits. The only reason that we felt that was plausible is that our technology fits into the fabs and the OSATs and the contract contract manufact…”

“Like 80% of our supply chain is in the United States. We have hundreds of companies in that supply chain here in the US.”

“So when I look at those wafers that you've seen in our facility, and I think about the fact that there's 35 layers of stuff on that wafer, that there's a superconducting material inside, and that it was made in a commercial foundry next to regular chips.”

“So we have some of our cabinet, one of our cabinets right now installed at Slack and up and running and supporting chips.”

“A single million qubit quantum computer would outperform The net total of conventional computing on the entire planet. So you take all of the supercomputers on the planet, you take every AWS system, every Azure system, you add them all together, and we trash t…”

“It was really the convergence of two things to my mind the availability of hardware that was built for another purpose in this case, gaming GPUs, and then also progress on the architecture where I see very strong parallels between what we've done and what has …”

“And they have just graduated to the final phase of our program. They're one of two companies to have reached that point.”

“We basically don't use AI at all inside the company to design chips. And I think if you go and look at people who are building millions of chips in industry, there's a very small amount of AI, if any, that's being involved in the actual design of those chips t…”

“So no, I don't think the AI is going to dramatically reduce our timelines. Currently our timelines are mostly determined as far as I can tell by infrastructure, right? We're breaking ground on these sites in Australia and Chicago. These are roughly a hundred m…”

“Quantum computing is a pain in the ass. And it is, you know, failed promises and endless confusion and all of this competitive jostling and it's a pain in the ass and it's like failed to deliver many, many times.”

“I will only do it now if they've raised over a billion dollars.”