Tag: PsiQuantum

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...

Modest quantum grants arrive as govt outpaces private capital

Posted on   |  by Joseph Brookes
The first recipients of the Albanese government’s quantum challenge program have been unveiled, with 14 consortia sharing in $5.2 million to explore the technology’s potential for sectors like energy,...

PM defends PsiQuantum deal as Queensland review looms

Posted on   |  by Justin Hendry
Anthony Albanese has reaffirmed his support for Australia’s $1 billion bet on PsiQuantum and talked up the “enormous advantage” it will give Queensland after the state’s new government said...

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...

Local quantum leaders push for govt ‘test-bed’ support

Posted on   |  by James Riley
The federal government is assessing an unsolicited proposal from a group of Australian quantum companies seeking substantial funding to build ‘test-bed’ infrastructure that could be used by the local...

‘Salesman push’: Chief scientist doubted $1b quantum deal

Posted on   |  by Justin Hendry
Australia’s outgoing chief scientist Cathy Foley initially doubted the claims of Californian startup PsiQuantum in its unsolicited proposal to the federal government and was “put off by the ‘salesman’...