Queensland Government Offers $1 Billion to PsiQuantum to Build the World’s First Commercially Used Quantum Computer

Queensland Government Offers $1 Billion to PsiQuantum to Build the World’s First Commercially Used Quantum Computer

The Mandarin

PsiQuantum will establish its Asia-Pacific headquarters in Brisbane in exchange for $940 million in concessional loans. The American firm’s co-founders include Australian-born Jeremy O’Brien and Terry Rudolph. When mature, it is predicted, the technology will be able to solve problems millions of times faster than the world’s faster super-computers.

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