TOKYO -- A former Qualcomm investor now backing prominent deep tech startups says that the commercial use of quantum computing is only a few years away and that the technology is still underestimated -- much like ChatGPT was a few years ago.
Karthee Madasamy, founder of MFV Partners, a Silicon Valley venture fund, told Nikkei Asia that he is "confident" about the technological progress of PsiQuantum, a U.S. quantum computing startup in which his fund has a stake. The startup was reportedly valued at $3.15 billion in 2023, and Madasamy said he expects it to make an initial public offering in 2028, though added that the final decision on the timing has not yet been made.
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