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Australian quantum computing outfit goes commercial

Julia Talevski | Aug. 24, 2017
The A$83 million venture is expected to see the development and commercialisation of locally-developed quantum computing technology

The Federal Minister for Innovation, Industry and Science, Arthur Sinodinos, said that quantum computers were expected to change the way we live, work and do business in the coming decades, creating new jobs in new industries.

“The power and potential of quantum computing is game changing,” Sinodinos, said. “This is going to offer enormous advantages for a range of sectors, including finance, security and transport.

“Silicon Quantum Computing is a prime example of how governments, researchers and business can work together to translate great Australian research into commercial reality,” he said.

Quantum computing has been gaining momentum in Australia, with Microsoft recently striking a multi-year global agreement with the University of Sydney resulting in funding for state-of-the-art equipment, recruiting new staff and developing talent. 

 

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