Brisbane Airport out, Moreton Bay in: PsiQuantum picks new site for its $940m quantum computer build.
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Brisbane Airport out, Moreton Bay in: PsiQuantum picks new site for its $940m quantum computer build. PsiQuantum has shifted its $940 million federally-backed Brisbane quantum computer build from the airport precinct to Moreton Bay's old Petrie paper mill, with groundbreaking now slated for June. The Palo Alto-based startup announced today that its world-first utility-scale quantum computer will be anchored at Moreton Bay Central, on the site of the former Petrie Paper Mill north of Brisbane. Early site works are due in the coming weeks, ahead of a formal groundbreaking in June. "PsiQuantum's mission to build the world's first utility-scale quantum computer requires speed, agility, and strong partnerships," said Victor Peng, PsiQuantum's interim CEO - and a former AMD president who took over from co-founder Jeremy O'Brien in February. "City of Moreton Bay provides the infrastructure, scalability, and collaborative environment we need to deliver." Get the best of Startup Daily straight to your inbox. * indicates required It's Peng's first major Australian announcement since taking the chair. Moreton Bay Mayor Peter Flannery called the deal "a significant opportunity for economic growth, not just for our city but for Queensland". The project, he added, "will help drive highly skilled jobs, attract new industry, and strengthen Queensland's position in advanced...
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