Tag: quantum computing

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...

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....

Quantum Brilliance pioneers hybrid computing with US lab

Posted on   |  by Joseph Brookes
Australian made quantum processors have been switched on at a US facility that houses some of the world’s fastest super computers as part of a landmark hybrid computing research...

New Mexico to invest $483m in quantum computing drive

Posted on   |  by Stephen Nellis
New Mexico, site of the world’s first atomic bomb tests, plans to invest US$315 million (A$483 million) in a bid to become a leader in another potentially era-defining technology:...

Frontier tech fuels SA’s export ambition

Posted on   |  by Trish Everingham
South Australia has made frontier technology like artificial intelligence and quantum sensing a key plank in its new trade and investment strategy aimed at increasing state exports into emerging...

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...

EU turns to private funding to boost quantum ambition

Posted on   |  by Foo Yun Chee
The European Union is seeking to attract private funding to help it take the lead in quantum technology by 2030, EU tech chief Henna Virkkunen said on Wednesday, as...

DigiCert signals post-quantum urgency

Posted on   |  by Trish Everingham
Post-quantum cryptography may sound like science fiction, but according to DigiCert’s global chief, Dr Amit Sinha, the urgency to prepare is real – and Australia must start modernising its...