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Diraq chief executive Andrew Dzurak, holding a silicon wafer in front of a cryogenic fridge. The company plans to sell a quantum computer by 2029.

Racing to build utility-scale computer, quantum start-up earns $20m federal investment

Australian taxpayers are backing Sydney start-up Diraq’s ambition to become a global leader in utility-scale quantum computing.

  • Tim Biggs

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Palo Alto-based venture capital firm Playground Global was an early investor in quantum computing start-up PsiQuantum.

‘I told you so’ moment for Albo as $1b computer bet pays off

The very notion of the Albanese and Queensland governments being ahead of Nvidia or Macquarie at picking an IT winner feels both bizarre and a fluke.

  • Elizabeth Knight
Minister for Industry and Science Ed Husic says the NRF corporation has requested a $300 million draw-down from the government.

Albanese’s $15b tech fund gets ready to write first cheques

Two years after it was first legislated to beef up Australia’s competitiveness in technology and manufacturing, the National Reconstruction Fund is about to make its first investments.

  • David Swan
The Prime Minister, Anthony Albanese addresses the media in Brisbane ahead of the PsiQuantum announcment.

Albanese defends $1b start-up bet as Queensland support wavers

The contentious $1 billion project relied on federal and state co-operation, but the new Queensland government is sceptical.

  • Paul Sakkal and David Swan
David Fairfull leaving the NSW Supreme Court last year.

Failed AI tech company boss charged with misleading investors

The billion-dollar AI start-up Metigy collapsed in 2021, with its former CEO now facing five counts of making false and misleading statements, and one count of misusing his position as a company director.

  • Anthony Segaert and Nick Bonyhady
OpenAI chief executive Sam Altman.

The $22 trillion question hanging over Wall Street

Some of the world’s biggest technology investors have lined up to bet on artificial intelligence pioneer OpenAI. They will be banking on a big return.

  • Stephen Bartholomeusz
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‘Land of dreams’: The Australian high-flyers on edge as Trump and Harris duke it out

Australia’s tech insiders are enjoying a surge in optimism from the Fed’s bumper rate cut, but all eyes are now on the US election.

  • David Swan
Rampersand venture partner Rod Hamilton and co-founder Paul Naphtali.

Venture capital fund Rampersand ramps up hunt for next Aussie unicorn

Success stories such as Canva and Culture Amp are more than a decade old, and this fund says it’s time to find and fund the next crop of billion-dollar start-ups.

  • David Swan
Nikki Tugano has just raised $1 million in funding for SeenCulture, her technology start-up she calls the ‘Moneyball for HR’.

‘Time and time again I’m overlooked’: Women locked out of tech funding

Funding to female entrepreneurs is at its lowest level in five years, and those in the sector are at odds over what to do next.

  • David Swan
Sleeping Duck co-founders Selvam Sinnappan (left) and Winston Wijeyeratne.

‘Careful who you get into bed with’: Sleeping Duck case rocks start-up sector

The mattress maker’s court trial, which resembled a real-life episode of Shark Tank, offered a rare glimpse into how the start-up sausage is made.

  • David Swan