Description
US-based quantum computer (QC) supplier, PsiQuantum announced this week that it has entered into an agreement with the Australian Commonwealth and Queensland Government to build what they are calling the world’s first utility-scale quantum computer, to be located at a new site in Brisbane, Australia. Funding consists of a mixed financial package of equity, grants, and loans totaling $940M AUD ($620M USD). The project schedule calls for the site to be operational by the end of 2027, with successive generations of PsiQuantum QC systems to follow.
