mxx1's avatar

Lordy

“Prime Minister Anthony Albanese and Queensland Premier Steven Miles announced this week a joint $940 million investment in Silicon Valley startup PsiQuantum to build the world’s first commercially useful quantum computer in Brisbane by the end of the decade.”

Here’s a guarantee. This company won’t be successful. Actually it’s highly likely that no quantum computer company will be successful, ever.

However, even if they are, the limited utility of quantum algorithms would mean a market opportunity that is much less than the current supercomputer market, which is $12b per annum.

So, collectively, they’re investing 100s of billions to make let’s say a $1b market opportunity, and they’ll probably fail in any case.

And then our fuckwit govt pops up and gambles $1b on a single company that is going to beat both the world and entropy from BRISBANE. FFS!

It’s a timely reminder as to how fucked our system is, and to never, ever get involved at any level.