Tag: PsiQuantum

Govt touts US$65m paper gain on PsiQuantum investment

Posted on   |  by Justin Hendry
The Albanese government’s stake in PsiQuantum surged US$65 million to US$190 million following the company’s Series E capital raise last month, despite its valuation more than doubling. Trade minister...

PsiQuantum breaks ground on Chicago site after US$1b funding

Posted on   |  by Kritika Lamba
US quantum computing startup PsiQuantum said on Tuesday it has started the construction of a facility at Chicago’s Illinois Quantum and Microelectronics Park (IQMP), as it capitalizes on a...

PsiQuantum deal cleared despite market testing gaps

Posted on   |  by Justin Hendry
A review of the federal government’s PsiQuantum investment has cleared the $940 million deal but exposed concerns about a market testing process that critics argue was reverse engineered to...

‘A pathway to liquidity’ is good news on quantum bets

Posted on   |  by James Riley
A couple of big equity investment bets by Australian governments into US quantum firms PsiQuantum and Infleqtion have taken a step forward with a pathway to liquidity revealing itself....

Big-name investors pour US$1bn into PsiQuantum

Posted on   |  by Justin Hendry
PsiQuantum, the Silicon Valley quantum computing startup backed by the Australian government, has pocketed US$1 billion (A$1.5 billion) from big name investors in a long-awaited Series E capital raise....

Govt left waiting for PsiQuantum planning application

Posted on   |  by Justin Hendry
A stadium-sized complex that will house PsiQuantum’s first commercially useful quantum computer is facing a potential setback, with the Silicon Valley startup and Brisbane Airport yet to lodge development...

Digital ID, CDR and AI in the audit office’s crosshairs

Posted on   |  by Denham Sadler
The national audit office is mulling investigations into the Consumer Data Right, the digital identity scheme and the federal government’s oversight of new technologies, but an inquiry into the...

News Wrap: Productivity gets a slot in policy prime-time

Posted on   |  by James Riley
The Prime Minister Anthony Albanese was at the Press Club this week telling Australia that he had instructed the Treasurer Jim Chalmers to convene a special Productivity Roundtable in...

Chicago’s quantum mega project lures Sydney startup Diraq

Posted on   |  by Joseph Brookes
Silicon quantum startup Diraq is joining the Illinois government’s push to develop new quantum technologies using state-of-the-art facilities in Chicago, giving the Sydney company its third US base and...