High precision interferometers are the building blocks of precision metrology and the ultimate interferometric sensitivity is limited by the quantum noise. Here we propose and experimentally demonstrate a compact quantum interferometer involving two optical parametric amplifiers and the squeezed states generated within the interferometer are directly used for the phase-sensing quantum state. By both squeezing shot noise and amplifying phase-sensing intensity the sensitivity improvement of $4.86pm 0.24$ dB beyond the standard quantum limit is deterministically realized and a minimum detectable phase smaller than that of all present interferometers under the same phase-sensing intensity is achieved. This interferometric system has significantly potential applications in a variety of measurements for tiny variances of physical quantities.
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