In Brisbane, Australia will invest about a billion dollars to construct the first commercially viable quantum computer. The federal and Queensland governments are contributing $470 million apiece to PsiQuantum, a software business. By 2029, PsiQuantum wants to construct a computer that can repair errors.
Australia is planning to invest over one billion dollars to construct the first commercially viable quantum computer in Brisbane. The governments of Queensland and Australia have each allocated $470 million for grants, loans, and the acquisition of PsiQuantum’s shares. The goal of PsiQuantum is to construct the first large-scale “fault-tolerant” quantum computer in history, one that is impervious to the mistakes and instability that make existing quantum computers unworkable.
According to the business, this will be the first “useful” quantum computer in history, suitable for considerable error-free application in industry, research, and defense. Quantum computers, according to Australia’s Chief Scientist Cathy Foley, will soon be a part of everyone’s daily life, she said on ABC Radio Brisbane.
“It’s going to be the most complex machine ever built by humanity,” Dr Foley said. “Quantum computing is going to revolutionise computing power because it can use different principles of physics that we previously couldn’t access,” she said. “We’ll be able to solve complex problems that we just can’t do — even very basic ones like how to work out the best route for trucking or organising ports and even high school timetables.”
The speaker said that the Queensland government has allocated $5 million to investigate the potential of quantum computing in assisting with the logistics of the 2032 Brisbane Olympics.
Two Australians who graduated from the University of Queensland, Terry Rudolph and Jeremy O’Brien, co-founded PsiQuantum in Silicon Valley, California. The business will develop its supercooled quantum computer in Brisbane, where it will relocate as part of the transaction. The machine will be the size of a warehouse.
The scientific community in Australia, according to Dr. Foley, is “very excited” about the government’s investment in domestic technological development. According to her, Australian scientists wished to prevent a recurrence of the events surrounding photovoltaic cells, which were developed at the University of NSW before being shipped and made available for purchase in China.
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