Summary
- Australia is making significant investments in quantum computing, potentially adding $6 billion to the economy
- The Australian government signed a $940 million agreement with U.S. startup PsiQuantum to build a useful quantum computer in Brisbane
- Quantum computing has implications for cybersecurity, problem-solving, innovation, and job creation in the IT industry
- Risks and challenges exist in achieving success with quantum investments, requiring the technology to work and the local IT industry to be capable of innovation
