An all optical implementation of quantum information processing with semico
nductor macroatoms is proposed. Our quantum hardware consists of an array o
f quantum dots and the computational degrees of freedom are energy-selected
interband optical transitions. The quantum-computing strategy exploits exc
iton-exciton interactions driven by ultrafast multicolor laser pulses. Cont
rary to existing proposals based on charge excitations, our approach does n
ot require time-dependent electric fields, thus allowing for a subpicosecon
d, decoherence-free, operation time scale in realistic semiconductor nanost
ructures.