PSIQUANTUM RAISES $1 BILLION TO BUILD MILLION-QUBIT SCALE, FAULT-TOLERANT QUANTUM COMPUTERS

Summary from the TLDR Founders newsletter

PsiQuantum secured $1 billion in Series E funding to develop million-qubit fault-tolerant quantum computers. The funding will enable the company to establish quantum computing sites in Brisbane and Chicago and validate its systems architecture. New investors include BlackRock, Temasek, and NVIDIA's venture arm, valuing PsiQuantum at $7 billion.