29/04/2024 21:32
The Guardian
Mining company hopes to agree huge payout over Samarco disaster. Follow the day’s news liveGet our morning and afternoon news emails, free app or daily news podcastIndustry and science minister Ed Husic just spoke to ABC RN about the $1bn quantum computing company to be built in Brisbane. Daniel Hurst had all the details about this announcement earlier in the blog here.He said the precinct in Brisbane will allow Australian founders – like Jeremy O’Brien who did a lot of his research work at the University of Queensland – to come home and “set up the world’s first fault tolerant quantum computer on Australian soil”.What it will mean longer term, not just from the jobs that are instantly created … is what it does to the whole quantum ecosystem in this country, what it’ll enable broader Australian industry to do.And the other big thing out of this is we are sending a signal to the rest of the world that we want our nation to be a centre for quantum growth, a frontier technology that will be important for the global economy as well.We’ve set this deal up, but we [have] conditions along the way, expectations about performance milestones, as we release the investment in batches depending on performance.So we’ve tried to get the balance right to manage the protection of taxpayer dollars with the investment in our economic and industrial capability long term. Continue reading...
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