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. (Nasdaq: RGTI) is a quantum technology company focused on full-stack quantum and quantum-classical computing. This news page aggregates company press releases and third-party coverage related to Rigetti’s superconducting qubit systems, cloud services, and on-premises quantum hardware.
Readers can follow updates on Rigetti’s technology roadmap, including announcements about its Cepheus-1 multi-chip quantum computers, such as the 36-qubit Cepheus-1-36Q and the 108-qubit Cepheus-1-108Q system based on modular 9-qubit chiplets. News items describe performance milestones like reported median two-qubit gate fidelities, gate speeds, and architectural improvements in chiplet design and couplers.
Rigetti’s news also covers commercial developments, such as purchase orders for Novera quantum computing systems, collaborations with academic institutions like Montana State University, and engagements with national laboratories and defense-related organizations. Company releases discuss contracts and collaborations, including work with the Air Force Research Laboratory on superconducting quantum networking and a Memorandum of Understanding with India’s Centre for Development of Advanced Computing to explore hybrid quantum computing systems.
Investors and researchers can use this page to monitor financial results announcements, conference participation, and ecosystem partnerships, including Rigetti’s support for NVIDIA NVQLink and integrations with AI supercomputing platforms. By reviewing the news feed, users gain insight into Rigetti’s progress in superconducting qubit technology, multi-chip architectures, hybrid quantum-classical systems, and its relationships with enterprise, government, and research clients.
Rigetti Computing (Nasdaq: RGTI) has announced that Founder Dr. Chad Rigetti will step down from his role as President and CEO to focus on product and technology advancements. A search for his successor will commence, with Dr. Rigetti remaining in his role until a new CEO is appointed. The board praised Dr. Rigetti for his leadership, highlighting the company’s growth and technological achievements, including their advanced multi-chip superconducting processors. Rigetti aims to continue delivering quantum advantage across industries such as finance and national security.
Rigetti Computing, a leader in hybrid quantum-classical computing, will release its third quarter 2022 financial results on November 14, 2022, after the market closes. A conference call is scheduled for 5:00 p.m. ET on the same day, focusing on financial results and business updates. Investors can listen live through the provided webcast link or participate by registering via a live call participant link. Rigetti has established itself in the quantum computing space, operating its own cloud services and holding over 150 patents.
Rigetti Computing (Nasdaq: RGTI) has announced key business developments, including partnerships and technology updates, ahead of its investor day. The company highlighted its strategic investments in quantum hardware and partnerships aimed at achieving Quantum Advantage. New collaborations with Bluefors and NVIDIA were mentioned, focusing on cryogenic systems and hybrid workflows for climate modeling. Rigetti's quantum processors are now available on Microsoft Azure Quantum, and the company remains on track to deliver next-generation hardware in 2023, including the 84-qubit Ankaa™ and 336-qubit Lyra™ systems.
Rigetti Computing has launched Rigetti QCS™ in Public Preview on Microsoft’s Azure Quantum platform, granting all Azure Quantum users access to its quantum processors. This launch marks a transition from Private to Public Preview, enabling developers to use Rigetti's Aspen-M-2 80-qubit and Aspen-11 40-qubit quantum processors. The integration with Azure enhances the functionality of Rigetti's quantum programming language, Quil, and supports popular programming frameworks. New users can access $500 in Azure Quantum Credits to experiment with Rigetti's offerings.
Rigetti Computing (RGTI) announced its inaugural Investor Day on September 16, 2022, from 8:30 a.m. to 11:00 a.m. PT. The hybrid event will feature presentations and Q&A sessions focused on Rigetti's technology roadmap, strategic planning, and business initiatives. Attendees can join in person at the Fab-1 facility or virtually via webcast. Registration for virtual participation is available online, with a replay set to be accessible post-event. Additionally, the company will comply with California's COVID-19 attendance guidelines.
Rigetti Computing (RGTI) announced its investor conference schedule for August and September 2022. The founder and CEO, Chad Rigetti, will participate in key events, including one-on-one meetings at the Needham & Co. Semiconductor Conference and Jefferies Semiconductor Summit. Additionally, Rigetti will be featured in a fireside chat at the Deutsche Bank Technology Conference on September 1, 2022, which will be available for live audio streaming.
Established in 2013, Rigetti specializes in full-stack quantum-classical computing, serving various clients through its Quantum Cloud Services platform.
Rigetti Computing showcased advancements in its quantum computing roadmap, achieving over 4,000 CLOPS1 speed performance, a 4.5x increase from previous results. The company has secured two contracts in the U.K. and launched its first U.K.-based quantum computer. Financially, Rigetti reported $2.1 million in Q2 revenue, up 39% year-over-year, but net GAAP loss was $10.0 million. A $75 million equity facility was established for enhanced liquidity. The fiscal year 2022 revenue forecast remains uncertain due to prolonged contract negotiations, potentially impacting future EBITDA losses.
Rigetti Computing has been awarded a contract by the Defense Advanced Research Projects Agency (DARPA) to develop benchmarks for quantum application performance, with a project value of up to $2.9 million over three years. Collaborating with University of Technology Sydney, Aalto University, and University of Southern California, Rigetti aims to enhance predictions of fault-tolerant quantum computers’ performance. This initiative is part of DARPA’s Quantum Benchmarking Program and highlights Rigetti's leadership in quantum computing technology.
Rigetti Computing (RGTI) has announced its plan to release second quarter 2022 financial results on August 11, 2022, after market close. The company will host a conference call at 5:00 p.m. ET to discuss these results and provide updates on business operations. Rigetti, a leader in hybrid quantum-classical computing, has been operating quantum computers via the cloud since 2017 and develops its chips in-house. The details of the call can be accessed via the provided links, allowing participants to engage in the discussion post-release.
Rigetti Computing (NASDAQ: RGTI) announced the appointment of Cathy McCarthy as the new Chairperson of the Board following the resignation of General Peter Pace. These changes will take effect on July 15, 2022. McCarthy, who has been a director since July 2021, brings extensive executive experience from various industries. General Pace expressed gratitude for his tenure, highlighting Rigetti's growth from private markets to a Nasdaq listing. The company specializes in hybrid quantum-classical computing and operates quantum computers via its cloud service.