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Australian Government Invests $1BN on Aussie Quantum Computing Startup

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EEVblog:
21 companies applied and only one got the entire $1BN?  :-//  :bullshit:

https://www.afr.com/technology/labor-s-bold-1b-bet-on-aussie-quantum-start-up-20240429-p5fnb7

ejeffrey:
"Australian quantum computing company" in... Palo Alto :)

Multiple of the founders are Australian and it sounds like they are opening a new fairly large site in Brisbane, but it's still odd to see them called an Australian company...

RoGeorge:
Doubt.  Smells like money laundering, or maybe funds for the incoming elections, who knows.  :-//

Often companies contest the winner and go to court for only a couple of million in grants, and here 1000 million goes all into one direction, and outside Australia, and expect me to believe this is legit.  ???

SiliconWizard:
$1 freaking Billion. :palm:

thermistor-guy:
Looks like a high-powered scientific team:

https://www.psiquantum.com/about

I can easily imagine a member of the FVEY (https://www.forbes.com/advisor/business/what-is-five-eyes/) coughing up $1BN
for a technology that will break cryptographic codes.

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