Australia’s Quantum Computing Leap: A$1 Billion Investment in Dedicated Research and Development
The Australian government recently announced a significant investment of nearly A$1 billion into the development of quantum computers, with the goal of establishing a presence in the global race currently dominated by countries like the US and China. PsiQuantum, an American company co-founded by two Australian researchers, will receive A$470 million from both the federal government and the state government of Queensland, totaling A$940 million. In exchange, PsiQuantum will establish operations in Brisbane, Australia, where it will build and operate successive generations of quantum computers.
The substantial investment made by the Australian government signals a serious commitment to this technology and positions PsiQuantum as one of the largest dedicated quantum computing companies globally. According to Stephen Bartlett of the University of Sydney, this move represents Australia’s assertion of its sovereign capability in quantum computing and fosters a quantum technology ecosystem. Major tech companies like IBM, Google, and Microsoft have also poured billions into quantum computing research. However, Australia’s funding represents a significant step in advancing this technology.
PsiQuantum’s unique approach to building photonic chips for quantum machines has garnered attention in the field due to their recent breakthrough in using standard semiconductor fabrication processes for this purpose. While practical applications have not yet fully materialized, research teams worldwide are racing to develop larger and more reliable quantum machines with the hope of unlocking their full capabilities. While many teams are working with superconductors, PsiQuantum’s use of photons presents challenges that need to be overcome.
Australia has exported a generation of quantum researchers who now work at major tech companies worldwide. The government’s investment is expected to attract these talented individuals back to Australia where they can contribute to building a robust quantum computing industry. By making this investment, Australia is making a clear statement that it intends to be a major player in the global quantum computing landscape.
In conclusion, Australia’s recent investment in developing quantum computers is an ambitious move that positions itself as one of the leading players in this rapidly evolving field. With PsiQuantum established as one of its key partners in this endeavor, Australia aims to foster a vibrant ecosystem that will drive innovation and advancements in this area for years to come.
