Australia To Invest $73 Million In Quantum Science As Critical Technology

Australia To Invest $73 Million In Quantum Science As Critical Technology

Newsdesk |
November 17, 2021

Australia will spend A$100 million ($73 million) to develop quantum technology, Prime Minister Scott Morrison said on Wednesday, as Canberra identifies nine areas of technology it believes critical for national interests.

New Delhi, 17 November 2021

As per news report of NDTV, Quantum technology, based on core principles of physics, is still in its infancy but has become a darling of investors aspiring to revolutionise industries from healthcare and finance to artificial intelligence and weather forecasting. In recent months Australia has promised spending of billions of dollars to modernise its economy and cut dependence on China, by spurring manufacturing in industries such as resources and critical minerals as well as backing for development of low-emission technology. Accelerating its economic plan, Australia will support nine technologies, the first of which is quantum technology. The bulk of the promised A$100 million going to commercialise Australia's quantum research and forging links with global markets and supply chains.

Source - NDTV


If you like the story and if you wish more such stories, support our effort Make a donation.


If you believe investigative journalism is essential to making democracy functional and accountable support us. »