March 20, SAN JOSE, CA (Reuters) – Nvidia (NVDA.O) CEO Jensen Huang announced on Thursday that the company will establish a quantum computing research facility in Boston, where it will work with researchers from the Massachusetts Institute of Technology and Harvard University.
Huang made the announcement during a day of quantum computing-focused sessions at Nvidia’s annual software development conference in San Jose, California.
Following Huang’s January statement that practical quantum computers will not be available for another 20 years, which he attempted to retract on Thursday while being accompanied onstage by executives from quantum computing companies, Nvidia added the program.
“This is the first event in history where a company CEO invites all of the guests to explain why he was wrong,” Huang stated.
Quantinuum, Quantum Machines, and QuEra Computing are among the quantum companies that will collaborate with the Nvidia Accelerated Quantum Research Centre, or NVAQC for short. The centre will open later this year, according to Nvidia.
Huang spoke with CEOs from over a dozen companies on the health of the sector, some of which are attempting to profit from quantum technology before computers can surpass current ones.
According to Infleqtion CEO Matt Kinsella, the company can already offer improved computing clocks that aid in synchronising several traditional computer chips.
“We’re following a tried and true monetisation and market development strategy of monetising those areas where we actually have true quantum advantage today,” Kinsella stated.
According to the quantum executives, regular computers will not be replaced by quantum machines, even if their devices surpass Nvidia’s graphics processing units (GPUs) in specific tasks like comprehending the interactions between atoms.
The CEO of IonQ (IONQ.N), Peter Chapman, stated, “We use your GPUs to design our chips,” opening a new tab. “It will be a classical system that sits next to a quantum computer and oscillates… After this, I wouldn’t short any Nvidia stock.