PsiQuantum Receives $940 Million AUD ($620M USD) to Install a 1 Million Qubit Machine in Australia by 2027

The funding will be provided by the Australian Commonwealth and Queensland Governments through a financial package, comprised of equity, grants, and loans. The processor is expected to contain at least 1 million physical qubits, include fault tolerance and will be installed at a location near Brisbane Airport in Brisbane, Australia. PsiQuantum has been developing a […]

The post PsiQuantum Receives $940 Million AUD ($620M USD) to Install a 1 Million Qubit Machine in Australia by 2027 appeared first on Quantum Computing Report.