Source: PsiQuantum.
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This week, fresh questions were raised in Senate estimates hearings about the Albanese government’s investment in PsiQuantum. As Minister for Industry and Science Ed Husic visits the company’s US headquarters this week, scrutiny has intensified around the due diligence conducted by the Australian government in the lead-up to the investment announcement.
The PsiQuantum investment was announced ahead of the federal budget back in May. This was a dual financial commitment with the Queensland government and part of the deal included the establishment of its regional headquarters in Brisbane.
The federal government’s portion of the investment fell under the 2023-2024 federal budget, which allocated $101.2
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Tegan Jones is a senior technology journalist at SmartCompany. A multi-award-winning journalist, she has been reporting on technology, telecommunications and gaming for the past 10 years. She regularly appears on mainstream media channels as an expert tech commentator. Her previous roles include editor of Gizmodo Australia and global reviews editor at Finder. She has also served as a reporter and editor across Business Insider, Lifehacker and Kotaku Australia. Tegan was the co-host of one of the top technology podcasts in Australia, Queens of the Drone Age. You can find her on Twitter @Tegan_Writes.
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