PsiQuantum breaks ground in Australia on what it says will be the world's first utility-scale quantum computer.

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  "signal_type": "news",
  "signal_subtype": "expands_facilities",
  "detected_at": "2026-06-17T19:47:22+00:00",
  "company": {
    "name": "PsiQuantum",
    "domain": "psiquantum.com"
  },
  "data": {
    "url": "https://thenextweb.com/news/psiquantum-aupsiquantum-australia-groundbreaking-quantum-computerstralia-groundbreaking-quantum-computer",
    "title": "PsiQuantum breaks ground in Australia on what it says will be the world's first utility-scale quantum computer.",
    "excerpt": "PsiQuantum breaks ground in Australia on what it says will be the world's first utility-scale quantum computer.\n\nThe Palo Alto startup has started construction at Moreton Bay, Queensland, backed by nearly $1 billion in government subsidies from Australia and the United States. A working machine is still years away.\n\nJune 17, 2026 - 7:47 pm\n\nTl;dr.\n\nPsiQuantum has broken ground on a facility in Queensland, Australia, where it plans to build what it calls the world's first utility-scale quantum computer. The project is backed by nearly $1 billion in government subsidies from Australia and the US, plus a $7 billion private valuation.\n\nPsiQuantum has broken ground on a facility in Moreton Bay, Queensland, where it plans to build and deploy what it calls the world's first utility-scale, fault-tolerant quantum computer. The site will eventually hold tens of thousands of photonic quantum chips cooled by one of the largest cryogenic systems ever constructed for quantum computing.\n\nVictor Peng, PsiQuantum's chief executive and a former president of AMD, said Australia is \"beginning to turn that promise into reality.\" Co-founder and executive chair Prof. Jeremy O'Brien, who did much of his foundational photonic research in the region, called the facility \"critical infrastructure\" for the country's sovereign computing capability.\n\nWhat is being built.\n\nThe Moreton Bay site will be...",
    "summary": "PsiQuantum expanded facilities to Queensland, Australia, Australia and New Zealand, Oceania on Jun 17th '26.",
    "location": "Queensland, Australia, Australia and New Zealand, Oceania",
    "planning": false,
    "image_url": "https://media.thenextweb.com/2026/06/psiquantum-australia-groundbreaking-quantum-computer.avif",
    "confidence": 0.8724,
    "published_at": "2026-06-17T19:47:22Z",
    "location_data": [
      {
        "state": "Queensland",
        "region": "Australia and New Zealand",
        "country": "Australia",
        "continent": "Oceania",
        "fuzzy_match": false
      }
    ],
    "effective_date": "2026-06-17",
    "article_sentence": "PsiQuantum has broken ground on a facility in Queensland, Australia, where it plans to build what it calls the world's first utility-scale quantum computer."
  }
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curl https://signals.autobound.ai/v1/signals/98c56b0f-04b3-4d54-8d1c-0215b40e895a \
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curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"psiquantum.com","limit":20}'