The federal government’s big bet on PsiQuantum has more than doubled in value, with the quantum computing start-up now worth $US7 billion after a new capital raise that drew in artificial intelligence giant Nvidia as an investor.

PsiQuantum is attempting to build the world’s first quantum computer – a new type of computing that could have transformative commercial and societal implications – in Brisbane. It secured $US1 billion ($1.52 billion) in its latest funding round, which helped boost its valuation to $US7 billion. Loading...

See Full Page