Australia Invests in World's First Useful Quantum Computer
Australia is investing $940 million to build the world's first commercially useful quantum computer in Brisbane. This "fault-tolerant" computer, developed by PsiQuantum, will overcome limitations of current models and be used in industry, research, and defense.
Quantum computers will revolutionize computing power, solving complex problems currently impossible for classical computers. Australia's Chief Scientist, Cathy Foley, sees them impacting everyday life, from logistics to high school timetables.
PsiQuantum, co-founded by Australians Jeremy O'Brien and Terry Rudolph, will relocate to Brisbane, bringing technology developed in Australia back home. This investment aims to avoid past mistakes of exporting and commercializing Australian technology elsewhere.
Professor Andrew White of the University of Queensland highlights the contributions of Australian researchers to quantum mechanics and the immediate applications of the new computer. He believes it will "change everything" in the next 30-40 years, similar to the personal computer.
Federal Minister for Industry and Science, Ed Husic, emphasizes the government's commitment to supporting quantum technology in Australia, learning from past mistakes. Prime Minister Anthony Albanese envisions Australia becoming a global center for quantum growth.
Queensland Premier Steven Miles sees this as an opportunity to establish a globally recognized industry in Queensland, attracting investment and propelling the state's technological advancement.
This investment positions Australia as a leader in transformative quantum technology, with the potential to revolutionize various aspects of our lives.