Australia is investing almost A$1 billion in PsiQuantum for developing quantum computers. This money comes from both the Australian federal government and the Queensland government. This investment makes PsiQuantum as significant as big tech firms. These include IBM, Google, and Microsoft. PsiQuantum is now a major player in quantum computing.
With this funding, PsiQuantum plans to build and operate successive generations of its quantum computers in Brisbane, Australia. This move puts Australia in the global race for quantum supremacy. It also shows its commitment to creating a strong quantum technology ecosystem.
Stephen Bartlett is from the University of Sydney. He said the announcement proves Australia is dedicated to building its quantum computing skills. What gets me really excited about this is that the scale of investment means we are serious, says Bartlett. With this level of funding, PsiQuantum becomes one of the biggest dedicated quantum computing companies in the world.
So why is everyone racing to develop quantum computers? The answer lies in their potential to solve complex problems much faster than traditional computers. Research teams around the world are creating larger, more dependable machines. These applications haven’t been used in real situations yet. However, they have the potential to change the finance, healthcare, and cybersecurity sectors.
PsiQuantum’s approach for Quantum Computers
PsiQuantum uses light particles, or photons, for its technology. Unlike many others, they don’t use superconductors. Scaling up this method seemed hard at first. However, PsiQuantum shared a paper recently. It explains how they use regular semiconductor techniques. With these, they build photonic chips for their quantum machines.
Australia has exported many talented researchers in the field of quantum computing, including PsiQuantum co-founders Jeremy O’Brien and Terry Rudolph. With this investment, the government hopes to entice these scientists to return and build their careers in Australia. Australia is saying we are going to sit at the big table when it comes to quantum computing, says Bartlett.
This investment not only marks a significant step forward for Australia in the field of quantum computing but also highlights the growing importance of this technology on a global scale. With PsiQuantum leading the way, we can expect exciting developments in the world of quantum computing in the near future.
Thanks for reading!
Check out ENTECH magazine at entechonline.com for articles by experienced professionals, innovators, and researchers.
