Tag: quantum

Trump’s quantum push torpedoes Aussie first ambition

Posted on   |  by Justin Hendry
If Australia’s hopes of building the world’s first quantum computer already looked rocky, strap in. Something just shifted – and it wasn’t the ground beneath PsiQuantum’s Moreton Bay site....

Emergence Quantum hires ‘first of many’ US researchers

Posted on   |  by James Riley
Sydney Uni deep tech spinout Emergence Quantum has established a toe-hold in the United States with the hiring of acclaimed cryogenic electronics engineer Troy England, the first of many...

Emergence Quantum sells stake to top venture firm

Posted on   |  by Joseph Brookes
Sydney University-based R&D startup Emergence Quantum has sold a 22 per cent stake to Singapore-headquartered investment firm Serendipity Capital for an undisclosed amount, in a tie-up expected to produce...

Honeywell’s Quantinuum valued at US$17.6bn on debut

Posted on   |  by Prakhar Srivastava and Pritam Biswas
Shares of Quantinuum rose 13.3 per cent in their Nasdaq debut, fetching a valuation of $17.63 billion as Honeywell’s quantum computing company became the latest to benefit from robust...

Diraq among nine quantum firms to win $2.8bn US backing

Posted on   |  by Justin Hendry
The Trump administration will take US$2 billion (A$2.8 billion) in equity stakes across nine quantum computing companies, including Australia’s Diraq, in a major push to secure US leadership in...

PsiQuantum scraps Brisbane Airport plans, heads north

Posted on   |  by Justin Hendry
PsiQuantum has abandoned plans to build its stadium-sized quantum computing facility at Brisbane Airport, opting instead for a new site in the northern Brisbane suburb of Petrie better suited...

Quantum sensing innovators win $7.2m in ASCA contracts

Posted on   |  by Justin Hendry
Three local quantum sensing innovators have been tapped by Defence’s advanced technology incubator to develop prototype undersea navigation solutions for warfighters traversing GPS-denied environments. Phasor Innovation, Nomad Atomics and...

Angus Taylor takes aim at Australia’s quantum bet

Posted on   |  by Justin Hendry
Not every budget reply speech by a first-term opposition leader finds room among contentious capital gains tax and negative gearing reforms for a swipe at a foreign quantum computing...