Quantum computing, leveraging fundamentally different methods of computation through subatomic particles, holds potential to revolutionise several industries, including financial services, chemistry, and artificial intelligence. Despite substantial advancements in error suppression, practical implementation faces a few hurdles. CSIRO Financial Services sees promise in Diraq, a leader in spin qubits, presenting scalable technology that can hold billions of qubits in a single silicon chip and utilized through industry-standard manufacturing processes. The firm has entered an agreement with Global Foundries for quantum chip production, emphasizing a viable pathway toward commercialisation. Diraq’s leadership, led by Andrew Dzurak, leverages a cost-effective and efficient approach, further supported by Australia’s National Quantum Strategy. CSIRO’s investment in Diraq aims to shape the future of computation and expand Australia’s position in the global quantum landscape.

Quantum Computing, Financial Services, Semiconductors,Australia, Global