The Australian government has announced it will invest nearly A$1 billion into the development of quantum computers, staking a claim in a race currently dominated by the US and China.
PsiQuantum, which is headquartered in the US but was co-founded by a team including two Australian researchers, will get A$470 million from both Australia’s federal government and the state government of Queensland, totalling A$940m ($613m). In return, the company will build and operate successive generations of its quantum computers in Brisbane, Australia.
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Stephen Bartlett at the University of Sydney says the announcement amounts to Australia staking a claim to sovereign capability in quantum computing and building up a quantum technology ecosystem.
“What gets me really excited about this is that the scale of investment means we are serious,” says Bartlett. While big technology companies like IBM, Google and Microsoft have made multi-billion dollar investments in quantum computing, Australia’s funding makes PsiQuantum one of the biggest dedicated quantum computing companies in the world.
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