Australia signs deal worth almost $1b with PsiQuantum for world's first 'useful' quantum computer

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Australia signs deal worth almost $1b with PsiQuantum for world's first 'useful' quantum computer
Cathy FoleyAndrew WhiteEd Husic
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The Queensland and Australian governments have set aside $470 million each to fund 'the most complex machine ever built by humanity', in Brisbane.

Australia will invest nearly a billion dollars to build the first commercially useful quantum computer in Brisbane.Australia will invest almost a billion dollars to build the world's first commercially useful quantum computer in Brisbane.

The company says this will be the world's first "useful" quantum computer, capable of being used in industry, research and defence without significant errors.Australia's Chief Scientist Cathy Foley told ABC Radio Brisbane quantum computers would soon be a part of everyone's everyday life."Quantum computing is going to revolutionise computing power because it can use different principles of physics that we previously couldn't access," she said.

PsiQuantum was co-founded by two Australian University of Queensland graduates, Jeremy O'Brien and Terry Rudolph, in America's Silicon Valley. She said Australian scientists wanted to avoid a repeat of what happened with photovoltaic cells, which were invented at the University of NSW but then exported and commercialised in China.University of Queensland Professor Andrew White said the first breakthroughs in quantum mechanics were made by Brisbane researchers 25 years ago.

He said quantum computers harnessed the "weird" power of quantum mechanics to solve problems that were too complex for any classical computer. "So what we're trying to do with quantum computers is hack nature, do the stuff that she's doing all the time and use it to our advantage."Federal Minister for Industry and Science Ed Husic said the government did not wish to repeat the mistakes of the past by allowing this technology to go overseas.

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Cathy Foley Andrew White Ed Husic Anthony Albanese University Of Queensland Quantum Quantum Physics

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