The University of Sydney has been awarded $18.4 million by the Australian government to support the growth of the country's quantum industry under the 'Quantum Australia' initiative. Concurrently, PsiQuantum has raised $940 million from the Australian and Queensland governments to build the world's first utility-scale, fault-tolerant commercial quantum computer by 2027. This funding, comprising share purchases, grants, and loans, marks a significant investment in quantum computing, aiming to position Australia as a leader in this emerging technology. The project has sparked debate, with some viewing it as a visionary step, while others criticize the investment in a technology still in its nascent stages without proven working models and no commitment to Australia.