Today, Prime Minister Anthony Albanese, Premier Steven Miles, Queensland Treasurer Cameron Dick, Minister Ed Husic MP, U.S. Ambassador Caroline Kennedy and PsiQuantum Co-Founder & CEO Jeremy O'Brien announced that PsiQuantum will build the first utility-scale, fault-tolerant quantum computer in Brisbane, Australia. In a landmark $940M AUD ($620M USD) investment from the Australian government, Jeremy shared that the company plans to make Australia it’s Asia-Pacific HQ. The site, which will sit next to Brisbane airport, is expected to be operational by the end of 2027. PsiQuantum holds deep roots in Australia as co-founders Jeremy O'Brien O’Brien and Prof. Terry Rudolph are both from Australia and attended university in Queensland. Jeremy received his PhD from UNSW and spent nearly a decade in research labs in The University of Queensland conducting early photonic quantum computing research. PsiQuantum has scaled its fusion-based architecture using a photonics-based approach, encoding qubits into particles of light, and leveraging advanced infrastructure in the semiconductor industry to develop and test millions of photonic devices. We’re now testing production pieces of hardware at our facilities in Palo Alto, California and at SLAC National Accelerator Laboratory through our partnership with the U.S. Department of Energy (DOE). While this is by no means the finish line, we’re thrilled to partner with the Australian and Queensland governments who are turning their quantum mandates into a reality. To read more about the announcement and learn more about PsiQuantum, visit our website. https://lnkd.in/eWgYGnHf
Canada should follow Australia's good example in funding photonics graph states quantum computing firms.
Congratulations to all involved. This is wonderful news for Australia and for Queensland. Looking forward to seeing the associated impact and opportunities that will flow on from this.
Congratulations to the PsiQuantum team
Congratulations everyone on the PsiQuantum team! Can’t wait to hear about it in detail
This is incredible news! Well done Jeremy, Terry, Nick and the rest of folks at PsiQuantum.
Congrats! It is happening!
Congratulations Sara Bartolucci!
Yay! Nice work ⚡️
Queensland Treasury's Investment team are pleased to have played a leading role in this innovative investment partnership with PsiQuantum, and the Australian and Queensland governments. Exciting things to come for #QuantumTechnology in Queensland!