US quantum computing company PsiQuantum has completed a $1 billion financing round, reaching a valuation of $7 billion.

On September 10, US quantum computing company PsiQuantum announced the completion of a $1 billion Series E funding round to build the world's first fault-tolerant quantum computer with commercial practical value. This round of financing was led by a fund under BlackRock, with Temasek and Baillie Gifford participating. The company's valuation reached $7 billion. New investors include the Qatar Investment Authority and the venture capital arm of NVIDIA. (Jiemian)