The national watchdog will investigate the federal government’s contract with a major law firm to provide legal advice on its near-$1 billion PsiQuantum deal after it increased by more than 10 times in just nine months. The federal and Queensland governments earlier this year announced a $940 million investment in US firm PsiQuantum that will… Read more »
The federal and Queensland governments have officially signed the near-$1 billion contract with US firm PsiQuantum, as newly released documents shed some light on the process leading up to the major deal. It was announced earlier this year that the federal and Queensland governments would be inking a $940 million deal with PsiQuantum for the American firm… Read more »
Sydney quantum startup Diraq has topped up its Series A2 top up with another US$7 million (A$10.5m) for its Series A-2. The fresh funds come just four months after Diraq bolstered its Series A in February with an extra A$23 million. That first tranche of the A2 follows US$20 million in a Series A in… Read more »
Sydney quantum startup Diraq is teaming up with a European R&D consortium to build a computer chip that combines the power of qubits with traditional transistors. The plan comes as Diraq, which was spun out of UNSW two years ago and focused on being able to incorporate millions of quantum bits (qubits) on a standard… Read more »
Applications for a $36 million federal government program enlisting quantum have opened as part of its flagship Future Made in Australia policy. The Critical Technologies Challenge Program (CTCP) offers funding for quantum tech companies to work with researchers and end-users to develop solutions to market-led challenges that accelerate the path to commercialisation for quantum. The funding… Read more »
The federal and Queensland governments have put the house on a US quantum startup over local rivals in a financial package worth $940 million (US$620m) to build a quantum computer in Brisbane. PsiQuantum was founded in Palo Alto, California in 2015 by expat Australian professors Jeremy O’Brien, Terry Rudolph, Mark Thompson and Dr Pete Shadbolt.… Read more »
The University of Sydney as won an $18.368 million grant to build a national industry hub, Quantum Australia, for the quantum computing sector. The federal funding over four years for up to 75% of the cost of the centre, which is charged with raising awareness of quantum technology, fostering collaboration between industry and universities, encouraging… Read more »
For decades, the pursuit of quantum computing has struggled with the need for extremely low temperatures, mere fractions of a degree above absolute zero (0 Kelvin or –273.15°C). That’s because the quantum phenomena that grant quantum computers their unique computational abilities can only be harnessed by isolating them from the warmth of the familiar classical… Read more »
Sydney startup Diraq appears to have cracked one of the many challenges facing the future success of quantum computing – an absolute zero operating temperature Diraq has demonstrated its spin-based quantum processors operating at temperatures 20 times warmer than previously demonstrated while maintaining stability and high accuracy, with the results published in a peer-reviewed study in… Read more »
Quantum technologies are the “future of made in Australia’, federal industry minister Ed Husic said as he pushed for more quantum research commercialisation in Australia. Husic made a speech at a Quantum Australia event on Wednesday morning, focusing on the federal government’s National Quantum Strategy and efforts to make Australia a quantum powerhouse in the… Read more »
Australian industry and science minister Ed Husic and the UK secretary of state for science, innovation and technology, Michelle Donelan, have agreed to cooperate on quantum technologies, signing a joint statement on collaboration between the two nations during the AI Safety Summit in England. Husic said the arrangement will open channels for more investment between UK… Read more »
Two University of Queensland professors have launched a quantum hardware startup with $3 million from Australia’s oldest VC fund, Uniseed. Analog Quantum Circuits (AQC) is the brainchild Professor Tom Stace and Associate Professor Arkady Federov following a decade of research. The startup plans to design and fabricate advanced superconducting devices for quantum computing. It’s the first… Read more »
Sydney quantum software startup Q-CTRL has partnered with Quad Investors Network (QUIN) to deliver quantum technology training in Australia and the US. Q-CTRL founder and CEO Professor Michael J Biercuk is currently in the US, and met with ambassador and former prime minister Kevin Rudd as the current PM, Anthony Albanese, visits the White House and… Read more »
University of NSW quantum computing startup Diraq has won the lion’s share of a one-off NSW government $7 million quantum commercialisation fund, pocketing $3 million, alongside $2.34m for Professor Michael Biercuk’s Q-CTRL and $1.44m for Quantum Brilliance. The former Coalition government announced NSW Quantum Computing Commercialisation Fund (QCCF) late last year, with applications closing before… Read more »
Sydney-based quantum tech startup Q-CTRL has landed a deal with the Department of Defence to develop quantum sensors for navigation without GPS. Quantum-assured navigation is useful for craft that operate in locations where GPS doesn’t work – like underwater and deep space – or in wartime contexts where GPS can be disrupted. “From day one… Read more »
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