Image credit: PsiQuantumThe Australian Commonwealth and Queensland Governments will invest $940M AUD ($620M USD) into PsiQuantum through a financial package, comprised of equity, grants, and loans. PsiQuantum is on an aggressive plan to have the site operational by the end of 2027. A fault-tolerant quantum computer will be able to solve commercially useful problems across industries built upon chemistry, math, and physics; thereby transforming critical industries – including renewable energy, minerals and metals, healthcare and transportation – that will propel the global economy for decades to come.The quantum computing industry has long faced complicated scaling challenges in building a quantum computer with enough physical qubits to enable error-correction, making it capable of delivering on quantum computing’s promise. PsiQuantum has scaled its fusion-based architecture using a photonics- approach, encoding qubits into particles of light, and leveraging advanced infrastructure in the semiconductor manufacturing industry to fabricate and test millions of photonic devices. PsiQuantum’s first utility-scale system will be in the regime of 1 million physical qubits and hyperscale in footprint with a modular architecture that’s able to leverage existing cryogenic cooling technologies.Read the full announcement here
The mind-bending nature of quantum mechanics only makes sense with deep mathematics – along with the type of high-end simulations Dan George is helping to build
Image credit: University of Southern Queensland. Chief investigators Professor Robert Sang and Professor Brad Carter with George Curran.As the global race for quantum computing continues to heat up, the University of Southern Queensland (UniSQ) has taken a major leap forward in unlocking the full potential of quantum technologies.
It’s early days, but quantum technology is rapidly evolving and businesses need to prepare now for the paradigm shift
Photo credit: University of QueenslandThe 10 UQ projects include using quantum technologies to help with decarbonisation, computing, athlete performance, diagnosing concussion and athlete drug tests.