Australia’s $1 billion bet on a US quantum computing startup will deliver double digit returns to taxpayers, Industry minister Ed Husic has claimed while defending the deal from Opposition criticism which he says has crossed a “red line”.
On Thursday, MPs raked over the PsiQuantum deal and the controversial process that led to it in a heated one-hour debate.
It included fresh allegations the agreement was in place long before any local firms were considered and helped the company avoid a funding cliff.
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