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Quantum computing is growing—in Chicago!—and PsiQuantum keeps racking up wins

Fast Company Tech Adam Bluestein June 17, 2026
Quantum computing is growing—in Chicago!—and PsiQuantum keeps racking up wins
AI Summary— plain English for professionals

# Chicago's New Quantum Computing Hub Could Change Problem-Solving A startup called PsiQuantum is building a massive quantum computer in Chicago that could solve incredibly complex problems—like drug discovery or financial modeling—that today's regular computers simply can't handle. The company is getting major backing from the federal government and a newly developed tech campus on the city's South Side, signaling that quantum computing is moving from lab experiments into real-world use. If successful, this could give American companies and the government a major advantage in handling problems that require processing enormous amounts of data simultaneously.

In a city not known for bureaucratic efficiency, the Illinois Quantum and Microelectronics Park (IQMP), a 128-acre parcel being developed on the former site of the U.S. Steel plant on the South Side of Chicago, is a remarkable exception. Plans for the sprawling innovation campus—backed by $500 milli

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