PsiQuantum co-founder and CEO Jeremy O'Brien transitions to executive chair
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The news: Quantum computing company PsiQuantum has announced that co-founder and chief executive Jeremy O'Brien will move to the role of executive chairman, with former Advanced Micro Devices (AMD) president Victor Peng appointed to the role of interim CEO.
The context: O'Brien will lead the board of directors and continue to guide PsiQuantum's strategy and key partnerships, the company said.
Peng will lead PsiQuantum’s day-to-day operations and execution, shaping the company’s business, financial, and operational strategies. This includes advancing PsiQuantum’s quantum computing systems in Australia and Chicago.
PsiQuantum, which is building a $1 billion quantum computer in Brisbane, closed a $1.5 billion Series E in September, following a combined $940 million investment from the Commonwealth and Queensland governments last April.
What they said: “PsiQuantum was founded to realize the potential of quantum computing, and the team has spent years doing the hard technical work to make that possible,” said O’Brien.
“As we shift into large-scale deployment and execution, Victor brings exactly the leadership we need. He has guided multiple major computing platform transitions, and I’m excited to partner closely with him as we deliver on PsiQuantum’s mission.”
Peng commented: “PsiQuantum has done the hard work to establish a real foundation for utility-scale quantum computing — from silicon photonics to fault-tolerant architectures and large-scale deployments.”
“The task ahead is execution. Jeremy and the founding team have built something truly unique, and I’m excited to partner closely with them to help translate their mission into deployed systems that unlock this technology.”
The source: PsiQuantum media release
