Tag: PsiQuantum

PsiQuantum says Brisbane site on track as Chicago races ahead

Posted on   |  by Justin Hendry
PsiQuantum says it is on track to break ground on the mammoth manufacturing and production facility for its attempts to build the world’s first utility- scale, fault-tolerant quantum computer...

Senate demands more PsiQuantum details

Posted on   |  by Joseph Brookes
The Senate is demanding Industry minister Ed Husic hand over more details about the process that led to a $1 billion public investment in PsiQuantum, including the US firm’s unsolicited...

Coalition demands parliamentary inquiry into PsiQuantum deal

Posted on   |  by James Riley
The federal Opposition will on Monday press for a parliamentary inquiry into the government’s investment in US-based quantum computing startup PsiQuantum, claiming questions remain about whether proper probity processes...

Govt loan untouched as PsiQuantum capital raise incomplete

Posted on   |  by Justin Hendry
US-based PsiQuantum is yet to meet the terms of its $275 million debt agreement with the federal government, preventing it from drawing down on the partially-interest free loan months...

Modest quantum grants arrive as govt outpaces private capital

Posted on   |  by Joseph Brookes
The first recipients of the Albanese government’s quantum challenge program have been unveiled, with 14 consortia sharing in $5.2 million to explore the technology’s potential for sectors like energy,...

PM defends PsiQuantum deal as Queensland review looms

Posted on   |  by Justin Hendry
Anthony Albanese has reaffirmed his support for Australia’s $1 billion bet on PsiQuantum and talked up the “enormous advantage” it will give Queensland after the state’s new government said...

PsiQuantum deal lashed as ‘total drongo’ move at SXSW

Posted on   |  by Joseph Brookes
Australia’s $1 billion investment in a US quantum computing firm was a “total drongo” move and would have been better spent supporting local startups, according to David Cameron’s former...

PsiQuantum debate gets ugly in Canberra

Posted on   |  by Joseph Brookes
Australia’s $1 billion bet on a US quantum computing startup will deliver double digit returns to taxpayers, Industry minister Ed Husic has claimed while defending the deal from Opposition...