Will Australia’s billion-dollar bet on building the world’s first ‘useful’ quantum computer in Brisbane prove successful?

The Australian government has pledged approximately A$940 million (US$617 million) to Silicon Valley-based quantum computing start-up PsiQuantum. The funding will be split equally between the Australian government and the Queensland government, with the condition that PsiQuantum locates its planned quantum computer in Brisbane and establishes a regional headquarters at Brisbane Airport.…

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