PsiQuantum investor says Australia now ‘front of the quantum queue’

One of the earliest backers of PsiQuantum says bringing the Californian-based quantum company to Queensland will “catapult” the local sector by crowding in investment and help prevent further brain drain from Australia.

Peter Barrett, the founding partner of early-stage venture capital fund Playground, has defended the federal government tender process that he says puts Australia at the “front of queue with quantum”.

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