Welcome to our dedicated page for Rigetti Computing news (Ticker: RGTIW), a resource for investors and traders seeking the latest updates and insights on Rigetti Computing stock.
Rigetti Computing, Inc. is a pioneering full-stack quantum computing company based in Berkeley, CA. They are developing the world's first general-purpose quantum supercomputing systems to address humanity's greatest computational challenges. Rigetti has proprietary quantum-classical infrastructure that integrates with public and private clouds for high-performance practical quantum computing. The company has achieved significant milestones, including launching the industry's first multi-chip quantum processor for scalable quantum computing systems.
Rigetti recently deployed a 32-qubit Aspen™-class quantum computer in the UK via their Quantum Cloud Services (QCS™) platform. Collaborating with partners like Standard Chartered Bank, Phasecraft, and Oxford Instruments, Rigetti demonstrated the performance of quantum programs and advanced quantum machine learning applications. Additionally, the company won a UKRI Competition to deliver a 24-qubit quantum computing system to the National Quantum Computing Centre (NQCC) using their latest Ankaa™-class chip architecture.
Rigetti also launched the Novera QPU Partner Program to create an ecosystem of partners supporting the on-premises quantum computing network. Partners include Horizon Quantum Computing, Bluefors, Classiq, Quantum Machines, and other leading companies in the quantum technology space.
Rigetti Computing, Inc. reported its first quarter 2024 financial results, highlighting total revenues of $3.1 million, operating expenses of $18.1 million, and an operating loss of $16.6 million. The net loss was $20.8 million. The company raised $32.9 million in the first quarter. Rigetti achieved a 99.3% median 2-qubit gate fidelity and plans to launch a 84-qubit system by the end of the year. Novera QPU was sold to Horizon Quantum Computing, marking the company's entry into the Singapore quantum computing market. Rigetti also launched the Novera QPU Partner Program to support on-premises quantum computing ecosystem.
Rigetti Computing, Inc. will report its first quarter 2024 financial results on May 9, 2024, after market close. A conference call will be hosted to discuss the results and business operations on the same day at 5:00 p.m. ET. Details on how to access the call are provided.
Rigetti Computing, Inc. (Nasdaq: RGTI) launches the Novera™ QPU Partner Program, aiming to enable high-performing quantum computing by creating an ecosystem of hardware, software, and service providers. The program allows customers to build quantum computers powered by the 9-qubit Novera QPU, integrating with partners' technologies. Key partners include Bluefors, Quantum Machines, Zurich Instruments, and more. The Novera QPU is based on Rigetti's Ankaa™-class architecture and offers tunable couplers and a square lattice for faster operations. Rigetti plans to expand the program with additional partners. The Novera QPU includes a 9-qubit chip, a 5-qubit chip, and various components for a functional quantum computing system. Partners' contributions range from cryogenics to integration services, enhancing the quantum computing experience. Rigetti CEO, Dr. Subodh Kulkarni, emphasizes the importance of empowering customers with trusted partners to advance quantum research and prepare for a quantum-ready society.
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