‘Cloaked in secrecy’: Fletcher says Albanese must come clean on $1b quantum bet
In an exclusive interview with Capital Brief, Anthony Albanese said the process went through “many hours of many meetings, at every level of our cabinet processes" - but the federal opposition is not convinced.
The federal opposition says Anthony Albanese needs to come clean on why a $1 billion funding commitment for Silicon Valley startup PsiQuantum was "cloaked in secrecy" after the Prime Minister revealed it was deliberated at the highest levels of cabinet.
In an exclusive interview with Capital Brief published on Monday, Albanese said his flagship Future Made in Australia policy was aimed at industries that were either a “comparative advantage” for Australia or there was a “national security reason” to back, and that the PsiQuantum deal “falls under both” categories.
“On national security and those issues - there is, in this case, an example of a first mover advantage… If we get ahead of the pack, this is an extraordinary breakthrough that has the potential to have such a spin off for use across a range of other industries,” Albanese said.
He also said the process went through “many hours of many meetings, at every level of our cabinet processes, to make sure that it was the right thing to do”.
