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The Times

Australia just made a billion-dollar bet on building the world’s first ‘useful’ quantum computer in Brisbane. Will it pay off?

  • Written by Christopher Ferrie, A/Prof, UTS Chancellor's Postdoctoral Research and ARC DECRA Fellow, University of Technology Sydney
Australia just made a billion-dollar bet on building the world’s first ‘useful’ quantum computer in Brisbane. Will it pay off?PsiQuantum

The Australian government has announced a pledge of approximately A$940 million (US$617 million) to PsiQuantum, a quantum computing start-up company based in Silicon Valley.

Half of the funding will come from the Queensland government, and in exchange, PsiQuantum will locate its planned quantum computer in Brisbane, with a regional...

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