Microsoft enters $100M partnership with Canadian firm after quantum breakthrough

Canadian quantum computing firm Photonic has emerged from stealth to raise $100 million for its all-silicon quantum computing platform. Among the investors is new partner Microsoft, which will co-develop quantum networking solutions with the startup.

The investment and partnership come as numerous experts in the industry laud Photonic’s novel approach to quantum computing as a “breakthrough” for the field.

Photonic’s technique involves building quantum computers using silicon spin qubits with a spin-photon interface — in other words, a computer that uses qubits made of light to perform quantum computations on silicon hardware.

Stephanie Simmons, founder and chief quantum officer of Photonic, said the company expects to bring a fault-tolerant, fully functional quantum networking system to market as early as within the next five years.

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Nov-10-2023 08:57:04 AM