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Rigetti Computing, Inc. - RGTI STOCK NEWS

Welcome to our dedicated page for Rigetti Computing news (Ticker: RGTI), a resource for investors and traders seeking the latest updates and insights on Rigetti Computing stock.

Rigetti Computing, Inc. (RGTI) is a pioneer in the development of full-stack quantum computing systems. Based in Berkeley, California, Rigetti combines leading-edge quantum processors with classical computing infrastructure to solve complex computational challenges. The company was founded with the goal of making quantum computing accessible and practical for a range of applications, from scientific research to enterprise solutions.

Rigetti's proprietary quantum-classical infrastructure offers ultra-low latency integration with both public and private cloud environments, enabling high-performance quantum computing solutions. The company's innovative multi-chip quantum processor is a significant step towards scalable quantum computing systems.

Recently, Rigetti has been actively involved in several groundbreaking projects and partnerships. Their latest 24-qubit system, based on the fourth-generation Ankaa™-class architecture, features tunable couplers and a square lattice, promising faster gate times and higher fidelity. This system will soon be available for testing and development by researchers at the National Quantum Computing Centre (NQCC).

In terms of financial health, Rigetti derives the majority of its revenue from the United States. The company has also been recognized for its contributions to the quantum computing field, having been awarded a contract for developing a quantum computer for the UK government’s Innovate UK SBRI program.

Rigetti's Quantum Cloud Services (QCS™) platform, launched in 2017, has made quantum computing accessible over the cloud, serving global enterprise, government, and research clients. With its in-house chip manufacturing at Fab-1, the first dedicated quantum device manufacturing facility, Rigetti maintains strict quality control and continuous innovation.

Other notable achievements include collaborations with Riverlane and Oak Ridge National Laboratory (ORNL) to integrate quantum computing with high-performance computing (HPC) environments, further demonstrating Rigetti's commitment to advancing quantum technology. Additionally, the company's Novera QPU, a 9-qubit quantum processing unit, is gaining traction among government labs and quantum researchers for on-premises deployment.

As the quantum computing industry continues to evolve, Rigetti remains at the forefront, pushing the boundaries of what is possible and driving the adoption of this transformative technology across various sectors.

News

Rigetti Computing to Report Fourth Quarter and Full Year 2023 Financial Results and Host Conference Call on March 14, 2024

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Rigetti Computing, Inc. (RGTI) will release its fourth quarter and full year 2023 results on March 14, 2024, after market close. The company will host a conference call to discuss financial results and business operations at 5:00 p.m. ET the same day. Investors can access the live webcast and participate in the call through provided links.
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Riverlane and Rigetti Computing Partner with Oak Ridge National Laboratory to Work to Improve HPC-Quantum Integration

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Riverlane and Rigetti join forces with ORNL to explore quantum computing integration with supercomputing centers. The project aims to develop a benchmarking suite for HPC + Quantum systems using Riverlane's quantum error correction technology and Rigetti's quantum-classical computing expertise.
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Rigetti Computing Wins Innovate UK Competition to Deliver a 24-qubit Quantum Computing System to the National Quantum Computing Centre

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Rigetti UK Limited, a subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI), has been awarded a grant to develop and deliver a 24-qubit quantum computer to the National Quantum Computing Centre (NQCC) in the UK. The system will be based on the Company’s fourth generation Ankaa™-class architecture, featuring faster gate times, higher fidelity, and greater connectivity compared to previous generations. Rigetti’s software development tools for designing and running quantum programs will be deployed with the system, giving NQCC researchers access to pyQuil®, Quilc™, and Quil-T™. Once operational, the quantum computer will be made available for testing, benchmarking, and exploratory applications development.
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Rigetti Computing Awarded Innovate UK Grant to Develop Quantum Machine Learning Techniques for Financial Data Streams

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Rigetti Computing, Inc. (Nasdaq: RGTI) announced a collaboration with Amazon Web Services (AWS), Imperial College London, and Standard Chartered to develop quantum machine learning techniques for financial institutions. The consortium aims to use quantum computing to improve current classical machine learning techniques used by financial institutions to analyze complex data streams.
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Rigetti Announces Public Availability of Ankaa-2 System with a 2.5x Performance Improvement Compared to Previous QPUs

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Rigetti Computing, ticker symbol RGTI, announced the public availability of its 84-qubit Ankaa-2 quantum system via Rigetti Quantum Cloud Services. The system achieved a 98% median 2-qubit fidelity, marking a 2.5x performance improvement compared to previous QPUs.
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Rigetti Launches the Novera QPU, the Company’s First Commercially Available QPU

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Rigetti Computing, Inc. (Nasdaq: RGTI) announced the launch of its Novera QPU, a 9-qubit quantum processing unit based on the Company’s fourth generation Ankaa-class architecture featuring tunable couplers and a square lattice for denser connectivity and fast 2-qubit operations. The Novera QPU is manufactured in Rigetti’s Fab-1, the industry’s first dedicated and integrated quantum device manufacturing facility. It includes a 9-qubit chip with a 3x3 array of tunable transmons, a 5-qubit chip for testing single-qubit operations, and various components below the mixing chamber plate of a dilution refrigerator. The Novera QPU is designed to be integrated with commercially available dilution refrigerators and control systems, available for order at rigetti.com/novera starting at $900,000 and ships within 4-6 weeks after the order is confirmed and shipping and logistics are finalized.
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Rigetti Computing Awarded Phase 2 of DARPA Benchmarking Program

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Rigetti Computing, Inc. (RGTI) awarded Phase 2 of DARPA Quantum Benchmarking Program worth up to $1.5 million. The company aims to develop benchmarks for quantum application performance on large-scale quantum computers, collaborating with University of Technology Sydney, Aalto University, and University of Southern California. Phase 2 completion in March 2025.
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Rigetti Computing Reports Third Quarter 2023 Results

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Rigetti Computing, Inc. (Nasdaq: RGTI) announced its Q3 2023 financial results, including $3.1 million in total revenues and $22.2 million in net loss. The company expanded its QPU customer base and was awarded contracts for quantum foundry services and quantum algorithm development. Rigetti continues to work on its fourth generation chip architecture to support its anticipated Ankaa-2 84-qubit system, with a conference call scheduled for later today to discuss the results.
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Rigetti Computing Awarded Innovate UK Grant to Enhance Quantum Machine Learning Methods for Anti-Money Laundering Detection

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Rigetti UK Limited, in collaboration with HSBC, the Quantum Software Lab, and the National Quantum Computing Centre, has been awarded an Innovate UK grant to improve quantum algorithms for anomaly detection in financial crime. The consortium aims to enhance anti-money laundering techniques using quantum machine learning to detect and prevent money laundering. The project will also strengthen the UK quantum ecosystem and HSBC's services.
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Rigetti Computing Appoints Thomas J. Iannotti as Chairman of the Board of Directors

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Rigetti Computing appoints Thomas J. Iannotti as Chairman of the Board of Directors, replacing Cathy McCarthy. Mr. Iannotti brings extensive leadership experience in the technology and computing industries, currently serving as Chairman of the Board of Directors at Applied Materials, Inc. Rigetti believes his background will be an asset to the company as it continues to advance superconducting quantum computing.
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FAQ

What is the current stock price of Rigetti Computing (RGTI)?

The current stock price of Rigetti Computing (RGTI) is $9.37 as of December 20, 2024.

What is the market cap of Rigetti Computing (RGTI)?

The market cap of Rigetti Computing (RGTI) is approximately 2.5B.

What does Rigetti Computing do?

Rigetti Computing develops full-stack quantum computing systems, integrating quantum processors with classical computing infrastructure for high-performance computing solutions.

Where is Rigetti Computing headquartered?

Rigetti Computing is based in Berkeley, California.

What is the latest technology Rigetti has developed?

Rigetti recently developed a 24-qubit quantum computing system based on their fourth-generation Ankaa™-class architecture, featuring tunable couplers and a square lattice.

Who are Rigetti's main customers?

Rigetti serves global enterprises, government agencies, and research institutions through its Quantum Cloud Services (QCS™) platform.

How does Rigetti's Quantum Cloud Services platform work?

Rigetti's Quantum Cloud Services platform provides access to quantum computing over the cloud, enabling users to run quantum algorithms and applications using Rigetti's proprietary infrastructure.

What are some of Rigetti's recent achievements?

Recent achievements include the development of the 24-qubit Ankaa™-class system, collaborations with Riverlane and ORNL, and the successful deployment of the Novera QPU for on-premises quantum computing.

How does Rigetti integrate quantum and classical computing?

Rigetti integrates quantum processors with classical computing infrastructure through its proprietary quantum-classical interface, allowing for ultra-low latency and high-performance computing.

What is the significance of Rigetti's multi-chip quantum processor?

Rigetti's multi-chip quantum processor represents a significant advancement towards scalable quantum computing systems, allowing for more complex and larger-scale quantum computations.

What partnerships has Rigetti established?

Rigetti has partnered with organizations like Riverlane, Oak Ridge National Laboratory, and the National Quantum Computing Centre, among others, to advance quantum computing technologies and applications.

What is the Novera QPU?

The Novera QPU is a 9-qubit quantum processing unit developed by Rigetti, based on their Ankaa™-class architecture, designed for on-premises quantum computing research and applications.

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Rigetti Computing, Inc.

Nasdaq:RGTI

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RGTI Stock Data

2.51B
239.98M
2.57%
33.64%
13.59%
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