US Stock Market darling and Artificial Intelligence (AI) giant Nvidia has taken a slew of measures. The decisions were made in the past week.

Nvidia is planning to invest hundreds of billions of dollars in U.S.-made chips and electronics over the next four years, CEO Jensen Huang told the Financial Times on Wednesday.

Nvidia will open a quantum computing research lab in Boston, where it plans to collaborate with scientists from Harvard University and the Massachusetts Institute of Technology, CEO Huang said on Thursday.

Huang made the announcement at Nvidia's annual software developer conference in San Jose, California, where Nvidia held a day of events focused on quantum computing.

Nvidia added the program after Huang in January said useful quantum computers are 20 years away, comments he sought to walk back on Thursday while joined onstage by executives from quantum computing firms.

"This is the first event in history where a company CEO invites all of the guests to explain why he was wrong," Huang said.

Meanwhile, Pasqal, a fast-growing French quantum computer start-up company, announced on Friday a partnership with chip giant Nvidia whereby Pasqal's customers would gain access to more tools to develop quantum applications.

Pasqal said it would connect its quantum computing units and cloud platform onto NVIDIA's open-source platform called CUDA-Q.

"Our collaboration with NVIDIA will enable us to offer a much-requested interface and programming model for high performance computing and wider quantum community and ultimately accelerate the development of quantum applications," said Pasqal CEO Loic Henriet.

Pasqal, which was founded in 2019, says it has secured more than 140 million euros ($151.8 million) in financing to date.

FAQs

Q1. What is Nvidia planning?
A1. Nvidia is planning to invest hundreds of billions of dollars in U.S.-made chips and electronics over the next four years, CEO Jensen Huang told the Financial Times on Wednesday.

Q2. What is Pasqal?
A2. Pasqal is a fast-growing French quantum computer start-up company.

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