‘Huge validation’: Trump administration backs Aussie quantum tech
The Trump administration has expanded its portfolio of strategic technology companies by investing in two Australian quantum computing firms. Diraq and PsiQuantum have received significant funding commitments from the US government as part of a larger $2 billion funding initiative. This move is seen as a major endorsement of Australian technology in the quantum computing sector.
- ▪The US government has taken equity stakes in two Australian quantum computing companies, Diraq and PsiQuantum.
- ▪Diraq signed a letter of intent for up to $38 million in federal funding, while PsiQuantum received a commitment for $100 million.
- ▪This funding is part of a broader $2 billion initiative by the Trump administration to support strategic technology companies.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.