Tag: Paul Fletcher

Govt loan untouched as PsiQuantum capital raise incomplete

Posted on   |  by Justin Hendry
US-based PsiQuantum is yet to meet the terms of its $275 million debt agreement with the federal government, preventing it from drawing down on the partially-interest free loan months...

Digital proposals reaching Cabinet without DTA review

Posted on   |  by Justin Hendry
Almost 40 per cent of federal government technology projects are progressing to Cabinet for sign-off without being reviewed by the agency tasked with overseeing digital investment. As the government...

Last days: Speakers locked in for InnovationAus Awards

Posted on   |  by David McClure
With less that a week until the 2024 InnovationAus Awards for Excellence are awarded at a black-tie dinner extravaganza in Sydney, our incredible line-up of guest speakers and presenters...

PsiQuantum deal lashed as ‘total drongo’ move at SXSW

Posted on   |  by Joseph Brookes
Australia’s $1 billion investment in a US quantum computing firm was a “total drongo” move and would have been better spent supporting local startups, according to David Cameron’s former...

PsiQuantum debate gets ugly in Canberra

Posted on   |  by Joseph Brookes
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...

Government faces ANAO scrutiny over PsiQuantum deal

Posted on   |  by Justin Hendry
The national audit office has flagged a potential review of the federal government’s use of specialist investment vehicles in the wake of its controversial deal with Californian quantum startup PsiQuantum....

Govt must get tougher on Big Tech regulation: Fletcher

Posted on   |  by Justin Hendry
Australia must adopt a more hardline approach to regulating Big Tech if it is to maximise the full economic benefit of technology, according to shadow minister for government services...

Govt dismissed alternate quantum bids in just 10 days

Posted on   |  by Justin Hendry
All five proposals to the federal government’s quantum computing EoI were ruled out in less than two weeks, in contrast to the six months of internal due diligence and...