AXE archer materials limited

From Proactive. AXE needs to get marketing. Australia is...

  1. 1,047 Posts.
    lightbulb Created with Sketch. 861
    From Proactive.
    AXE needs to get marketing.

    Australia is investing more than $1 billion to build a cutting-edge quantum computer near Brisbane Airport, led by Californian start up Psi Quantum. Australia’s moon landing This project marks a significant step in Australia's commitment to quantum technology, with politicians already calling it ‘Australia’s moon landing’ – but questions remain about who will get to use this machine. "We're a for-profit company," Psi Quantum's chief scientific officer Pete Shadbolt says. "We will sell time to people on a commercial basis. "The company says the machine will be the world's first useful quantum computer, with the ability to solve problems conventional computers cannot, Complex problems. The facility, set to be completed in three years, will house a highly advanced quantum computer designed to solve complex problems beyond the capability of traditional computers. Most of the $1 billion required to build the computer will be stumped up by Australian taxpayers. Inside the facility will be racks of cabinets cooled to the temperature of outer space, housing custom-built silicon wafers that can detect individual photons, particles without mass. The quantum computer will use qubits – particles that can exist in multiple states simultaneously – housed in cryogenic freezers cooled to near absolute zero. Hundreds or thousands of physical qubits are usually needed to make one "logical qubit" that can be reliably used for computation. Psi Quantum says it plans for the machine to have around 200 "logical qubits," making it one of the most powerful quantum computers in the world. While it won't tackle tasks like code-breaking or machine learning initially, the computer is expected to be used for computational chemistry, helping to develop new materials, drugs and clean energy technologies – and who knows what else?
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
25.5¢
Change
-0.005(1.92%)
Mkt cap ! $64.98M
Open High Low Value Volume
26.0¢ 26.5¢ 25.5¢ $38.16K 147.0K

Buyers (Bids)

No. Vol. Price($)
10 107788 25.5¢
 

Sellers (Offers)

Price($) Vol. No.
26.5¢ 192491 2
View Market Depth
Last trade - 16.10pm 19/06/2025 (20 minute delay) ?
AXE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.