Startups

Australia and PsiQuantum Sign bn Deal to Build First ‘Useful’ Quantum Computer

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In Brisbane, Australia will invest about a billion dollars to construct the first commercially viable quantum computer. The federal and Queensland governments are contributing $470 million apiece to PsiQuantum, a software business. By 2029, PsiQuantum wants to construct a computer that can repair errors. Australia is planning to invest over one billion dollars to construct […]

The post World’s First ‘Useful’ Quantum Computer to be Built as New $1bn Deal Signed by Australia and PsiQuantum appeared first on Insights Success.

Startups

Telecommunications Giant Writes Off Billions and Strikes .6 Billion Deal with TPG – Business Insights

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Parent company Singtel was obliged to write off billions of dollars in Optus due to the telecoms group’s problems and the declining Australian economy. In an effort to raise money, Optus signed a $1.6 billion deal with rival TPG Telecom. The $S3.1 billion ($3.5 billion) Singtel write-down was first made public in Singapore early on […]

The post Singtel, Optus Parent Company Writes Off Billions, Signs a $1.6 billion deal with TPG appeared first on Insights Success.