Aussie’s $1b quantum bet: visionary or foolhardy?

Aussie’s $1b quantum bet: visionary or foolhardy?
Silicon Valley. (Image: Getty)
Peter Griffin
The Australian government clearly hasn’t heard the arguments against picking winners when it comes to backing one industry or company over another.The federal government and the Queensland state government have just invested A$940 million (NZ$1.03 billion) in a Silicon Valley-based company, PsiQuantum, which is trying to build the world’s first quantum computer that can be used for practical computing applications.The investment was made in the form of an equity stake, grants and loans and appears to have blindsided many in Australi...

More Policy

NZ Post squeezed for $100m dividend
Policy Exclusive

NZ Post squeezed for $100m dividend

New shareholder says 'show me the money!'

Jem Traylen 15 Jul 2024
Social investment is a numbers game
Policy

Social investment is a numbers game

Will it be one dataset to rule them all?

Jem Traylen 15 Jul 2024
Who won the war on red tape?
Policy

Who won the war on red tape?

NZ used to be a contender, now we're an also-ran.

Jem Traylen 12 Jul 2024
Don't mess with neutrality, who will be No1 at No1, and more...
Policy Business of Government

Don't mess with neutrality, who will be No1 at No1, and more...

Our weekly roundup of public sector news and analysis.

Jem Traylen 10 Jul 2024