"Nvidia Corp.'s venture capital arm is investing in Quantinuum for the first time, valuing the quantum computing company controlled by Honeywell International Inc. at $10 billion. Nvidia is the latest big-name backer to join the ranks of Quantinuum's investor roster through a $600 million funding round, according to a statement on Thursday that confirmed an earlier Bloomberg News report. Jensen Huang, Nvidia's chief executive officer, this year reset his forecast for quantum computing,"
"Nvidia now provides software that will help its chips work with quantum devices, positioning the company to take advantage of advances that could disrupt its dominance of computing and data centers. Quantum computing will be powerful enough in the coming years to help solve some interesting problems globally, Huang said. He said Nvidia's entire quantum algorithm stack will be available and accelerated on its Grace Blackwell 200 chip."
Nvidia's venture capital arm invested in Quantinuum in a $600 million funding round that values Quantinuum at $10 billion. Honeywell, which controls about 54% of Quantinuum, participated alongside investors including QED, JPMorgan Chase, Mitsui, Amgen, Mesh, and Korea Investment Partners. Nvidia offers software to integrate its chips with quantum devices and plans to accelerate its quantum algorithm stack on the Grace Blackwell 200 chip. Quantinuum partners with Nvidia at the Accelerated Quantum Research Center in Boston. Honeywell's CEO expressed confidence in Quantinuum's strategic, technical, and commercial progress.
Read at www.mercurynews.com
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