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‘High risk, high return’: Chief scientist sceptical on $1b quantum deal

Tom McIlroy

The country’s top scientific adviser warned federal officials she was highly sceptical about US-based company PsiQuantum’s ability to deliver on its promise to build a world-leading super computer in Australia, before the Albanese government signed up to a $1 billion deal backing the plan.

Chief Scientist Cathy Foley was eventually convinced PsiQuantum could deliver the technology as proposed, but it took many months, internal government documents reveal.

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Tom McIlroy was the Financial Review’s Canberra bureau chief.

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    Original URL: https://www.afr.com/politics/federal/high-risk-high-return-chief-scientist-sceptical-on-1b-quantum-deal-20241007-p5kghg