Think Tank Questions Government’s $1 Billion Quantum Computer

An Australian think tank has criticised the decision by the Commonwealth and Queensland governments to commit almost $1 billion (US$653 million) to a start-up company developing a quantum computer. The business was singled out by Treasurer Jim Chalmers in his pre-Budget address to the Lowy Institute yesterday to highlight the federal government investment strategy under the Future Made in Australia Act. He outlined five criteria for backing companies or projects: First, it would need to be operating in an industry in which Australia can be competitive and more productive. Next, it needs to contribute to “an orderly path” to net zero, build the capabilities of people, and improve Australia’s national security and economic resilience....