Quantum computing: How an expat Aussie-founded company convinced the government to invest $1b – The Australian Financial Review
Category: Quantum Computer
Australias Chief Scientist Cathy Foley said the decision to invest $1 billion of taxpayer funds in PsiQuantum was made after assessments showed it was a country mile ahead in the global race to build a functioning quantum computer.
Dr Foley, who was the governments technical adviser on the investment, said that after initially fearing that PsiQuantums claims were dodgy back in 2022 the government had been convinced over a two-year assessment. This included an expression of interest process with other firms, that showed they were lagging their US-based rival.
View original post here:
Quantum computing: How an expat Aussie-founded company convinced the government to invest $1b - The Australian Financial Review
Related Posts
- How Nvidia co-founder plans to turn Hudson Valley into a tech powerhouse greater than Silicon Valley - New York Post - May 22nd, 2024 [May 22nd, 2024]
- Aramco signs agreement with Pasqal to deploy first quantum computer in the Kingdom of Saudi Arabia - Aramco - May 22nd, 2024 [May 22nd, 2024]
- Exploring new frontiers with Fujitsu's quantum computing research and development - Fujitsu - May 22nd, 2024 [May 22nd, 2024]
- Glimpse of next-generation internet - Harvard Office of Technology Development - May 22nd, 2024 [May 22nd, 2024]
- The quantum internet is fast becoming a real thing - RedShark News - May 22nd, 2024 [May 22nd, 2024]
- Ripple publishes math prof's warning: 'Public-key cryptosystems should be replaced' - Cointelegraph - May 22nd, 2024 [May 22nd, 2024]
- Explore the Growing Role of Linux in Quantum Computing - ITPro Today - May 22nd, 2024 [May 22nd, 2024]
- The commercialisation of quantum science in pharma - pharmaphorum - May 22nd, 2024 [May 22nd, 2024]
- Quantum computing breakthrough could happen with just hundreds, not millions, of qubits using new error-correction ... - Livescience.com - May 1st, 2024 [May 1st, 2024]
- History Shows How to Win the Quantum Computing Race - TIME - May 1st, 2024 [May 1st, 2024]
- 3 Quantum Computing Stocks That Could Be Multibaggers in the Making: April Edition - InvestorPlace - May 1st, 2024 [May 1st, 2024]
- Hunting for quantum-classical crossover in condensed matter problems | npj Quantum Information - Nature.com - May 1st, 2024 [May 1st, 2024]
- RIKEN Selects IBM's Next-Generation Quantum System to be Integrated with the Supercomputer Fugaku - IBM Newsroom - May 1st, 2024 [May 1st, 2024]
- Y2K was a flop. But Q-Day could really screw us over - Sydney Morning Herald - May 1st, 2024 [May 1st, 2024]
- The $1 Billion Bet on Quantum Computers That Process Light - DISCOVER Magazine - May 1st, 2024 [May 1st, 2024]
- Unveiling the Universe's Secrets: A Quantum Leap With AI at CERN - Indiana Daily Student - May 1st, 2024 [May 1st, 2024]
- Enhancing Quantum Error Correction Effectiveness - AZoQuantum - May 1st, 2024 [May 1st, 2024]
- Quantum computing explained and what's different about PsiQuantum - The Australian Financial Review - May 1st, 2024 [May 1st, 2024]
- Australia to fund $620M quantum computer claimed to be first at 'utility-scale' - The Register - May 1st, 2024 [May 1st, 2024]
- Quantum-proofing passwords and artwork with DNA encryption - Advanced Science News - May 1st, 2024 [May 1st, 2024]
- Quantum Computer-Powered Pangenome Research Could Lead to Personalized Medicine, Disease Outbreak Tracking - The Quantum Insider - May 1st, 2024 [May 1st, 2024]
- ATSE Welcomes Large Quantum of Technology Investment for Queensland - AZoQuantum - May 1st, 2024 [May 1st, 2024]
- Future Made in Australia: Only quantum physics can explain the weird investment in Californian quantum computing ... - The Australian Financial Review - May 1st, 2024 [May 1st, 2024]
- Mind-bending maths could stop quantum hackers, but few understand it - The Conversation - May 1st, 2024 [May 1st, 2024]
- US Leads in Steady Rise of Patents Covering Key Quantum Performance Measures - The Quantum Insider - May 1st, 2024 [May 1st, 2024]
- Rigetti Computing to Report First Quarter 2024 Financial Results and Host Conference Call on May 9, 2024 - GlobeNewswire - May 1st, 2024 [May 1st, 2024]
- $1 billion for Australian project to build first useful quantum computer - Sydney Morning Herald - May 1st, 2024 [May 1st, 2024]
- The Top 3 Quantum Computing Stocks to Buy in April 2024 - InvestorPlace - May 1st, 2024 [May 1st, 2024]
- How Quantum Computers Could Illuminate the Full Range of Human Genetic Diversity - Singularity Hub - May 1st, 2024 [May 1st, 2024]
- Picking a winner in quantum is bold to say the least - The Australian Financial Review - May 1st, 2024 [May 1st, 2024]
- PsiQuantum to Receive USD620M Investment from Australian Government - FinSMEs - May 1st, 2024 [May 1st, 2024]
- The mind-bending maths that could stop quantum hackers - The Hindu - May 1st, 2024 [May 1st, 2024]
- Federal and Queensland governments bet big on US-based PsiQuantum in $940 million deal to bring quantum ... - Startup Daily - May 1st, 2024 [May 1st, 2024]
- Rigetti Computing Launches the Novera QPU Partner Program - GlobeNewswire - May 1st, 2024 [May 1st, 2024]
- Crossing the Quantum Threshold: The Path to 10,000 Qubits - HPCwire - April 15th, 2024 [April 15th, 2024]
- Quantum Leap: Google's Sycamore and the New Frontier in Computing - WebProNews - April 15th, 2024 [April 15th, 2024]
- Advancing to an Era of Quantum Readiness - yTech - April 15th, 2024 [April 15th, 2024]
- Google's Sycamore and the Quantum Supremacy Milestone - yTech - April 15th, 2024 [April 15th, 2024]
- Encryption shield installed to protect Chinese quantum computer from attack - South China Morning Post - April 13th, 2024 [April 13th, 2024]
- America is the undisputed world leader in quantum computing even though China spends 8x more on the technology ... - Fortune - April 13th, 2024 [April 13th, 2024]
- Breakthrough promises secure quantum computing at home - University of Oxford - April 13th, 2024 [April 13th, 2024]
- Is Nvidia Also the Best Bet in Quantum Computing Right Now? - The Motley Fool - April 13th, 2024 [April 13th, 2024]
- SEEQC Receives Award from the US Department of Energy to Produce Amplifiers for Fundamental Physics Research ... - The Quantum Insider - April 13th, 2024 [April 13th, 2024]
- The experimental demonstration of a verifiable blind quantum computing protocol - Phys.org - April 13th, 2024 [April 13th, 2024]
- Future quantum computers will be no match for 'space encryption' that uses light to beam data around with the 1st ... - Space.com - April 13th, 2024 [April 13th, 2024]
- Why quantum computing is a threat to encryption, and what to do about it - New Hampshire Business Review - April 13th, 2024 [April 13th, 2024]
- The 3 Best Quantum Computing Stocks to Buy in April 2024 - InvestorPlace - April 13th, 2024 [April 13th, 2024]
- Researcher: The quantum computer doesn't exist yet, but we are better understanding what problems it can solve - Tech Xplore - April 13th, 2024 [April 13th, 2024]
- New bill would greatly expand Defense Department quantum efforts - Defense One - April 13th, 2024 [April 13th, 2024]
- The VC View: Quantonation's Deep Dive into Funding Quantum Start-ups - HPCwire - April 13th, 2024 [April 13th, 2024]
- Guest Post: What You Need to Know to Build a Quantum Implementation Roadmap With The Arrival of Quantum Error ... - The Quantum Insider - April 13th, 2024 [April 13th, 2024]
- Quantum rush: Denver-Boulder area aims to be the Silicon Valley of the future - CNBC - April 13th, 2024 [April 13th, 2024]
- Qubit Pharmaceuticals Partners With The PINQ Platform to Use Quantum Computers to Accelerate Pharmaceutical ... - The Quantum Insider - April 13th, 2024 [April 13th, 2024]
- Microsoft says it's cracked the code on an important quantum computing problem - The Verge - April 13th, 2024 [April 13th, 2024]
- Guest Post: Errare Quantum Est - But We Are Learning to Grapple With It - The Quantum Insider - April 13th, 2024 [April 13th, 2024]
- Sejong City, Korea Advanced Institute of Science and Technology and QuEra Computing Partner to Drive Quantum ... - The Quantum Insider - April 13th, 2024 [April 13th, 2024]
- Princeton University Researchers Make Breakthrough in Connecting Distant Quantum Devices - The Quantum Insider - April 13th, 2024 [April 13th, 2024]
- This University in New York Is the First With a Full-Fledged Quantum Computer - PCMag - April 13th, 2024 [April 13th, 2024]
- 'Solving Problems, Building Bonds': A Q&A With QuEra Team on Participating in Quantum Computing Challenges - The Quantum Insider - April 13th, 2024 [April 13th, 2024]
- D-Wave Gaining Momentum with Quantum Computing Innovation - yTech - April 13th, 2024 [April 13th, 2024]
- UAE, Saudi Arabia And Qatar Spearheading Quantum Computing Development in The Middle East - The Quantum Insider - April 13th, 2024 [April 13th, 2024]
- Harry Buhrman Joins Quantinuum as Chief Scientist for Algorithms and Innovation - The Quantum Insider - April 13th, 2024 [April 13th, 2024]
- New Oxford research promises secure quantum computing in the home - RedShark News - April 13th, 2024 [April 13th, 2024]
- Dr Chris Ballance, quantum computings up-and-coming star - University of Oxford - April 13th, 2024 [April 13th, 2024]
- Advancing science: Microsoft and Quantinuum demonstrate the most reliable logical qubits on record with an error rate ... - Microsoft - April 4th, 2024 [April 4th, 2024]
- Microsoft and Quantinuum say theyve ushered in the next era of quantum computing - TechCrunch - April 4th, 2024 [April 4th, 2024]
- Microsoft and Quantinuum report a way to turn down the noise in quantum computing - GeekWire - April 4th, 2024 [April 4th, 2024]
- Practical quantum computing is coming in 3 to 5 years, but will be cloud based, NSA official predicts - Nextgov/FCW - April 4th, 2024 [April 4th, 2024]
- Quantinuum Partners with Microsoft in New Phase of Reliable Quantum Computing with Breakthrough Demonstration ... - PR Newswire - April 4th, 2024 [April 4th, 2024]
- Microsoft's latest breakthrough in quantum computing: What it means - The National - April 4th, 2024 [April 4th, 2024]
- Rising Confidence in Quantum Computing: D-Wave Quantum's Stock Value Climbs - yTech - April 4th, 2024 [April 4th, 2024]
- Hot Stocks: The 3 Best Opportunities for Investing in Quantum Computing - InvestorPlace - April 4th, 2024 [April 4th, 2024]
- Why Quantum Computers Will Never Break Bitcoin - Palm Beach Research Group - April 4th, 2024 [April 4th, 2024]
- Quantum error correction used to actually correct errors - Ars Technica - April 4th, 2024 [April 4th, 2024]
- Redefining Quantum Communication: Researchers Have Solved a Foundational Problem in Transmitting Quantum ... - SciTechDaily - April 4th, 2024 [April 4th, 2024]
- Quantum Computing Leaps Forward with Groundbreaking Error Correction - yTech - April 4th, 2024 [April 4th, 2024]
- It's time for colos and wholesalers to start looking at quantum computing customers - DatacenterDynamics - April 4th, 2024 [April 4th, 2024]
- How Are Universities Preparing for Quantum Computing? - Government Technology - April 4th, 2024 [April 4th, 2024]
- Microsoft and Quantinuum boast quantum computing breakthrough - DIGIT.FYI - April 4th, 2024 [April 4th, 2024]
- Quantinuum H2 Paves the Way for Reliable Quantum Computing - yTech - April 4th, 2024 [April 4th, 2024]
Tags: