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Rigetti Computing Inc - RGTIW STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Rigetti Computing's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Rigetti Computing's position in the market.

News
Rigetti Computing Launches the Novera™ QPU Partner Program
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.55%
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none
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News
Rigetti Computing Delivers Novera™ QPU to Horizon Quantum Computing for Singapore-Based Hardware Testbed
Rhea-AI Summary
Rigetti Computing, Inc. announces the sale of a Novera™ quantum processing unit (QPU) to Horizon Quantum Computing, marking the Company's third sale of a Novera QPU. This deal establishes the Company's first QPU in Singapore, set to be installed in Horizon's new hardware testbed by early 2025. The 9-qubit Novera QPU, based on Rigetti's Ankaa™-class architecture, will integrate with Horizon's software stack and Quantum Machines' OPX1000 processor-based quantum controller. The purchase reflects the growing on-premise quantum computing market, enabling researchers to access quantum technology hands-on for advancing quantum computing capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.31%
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none
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News
Rigetti and Oxford Instruments Announce Successful Completion of Innovate UK Project to Launch One of the First UK-Based Quantum Computers
Rhea-AI Summary
Rigetti and Oxford Instruments successfully complete a three-year project to launch one of the first UK-based quantum computers. The £10 million consortium aimed to accelerate quantum computing commercialization in the UK, focusing on machine learning, materials simulation, and finance. Rigetti's 32-qubit Aspen™-class quantum computer was deployed in the UK, supported by partners like Oxford Instruments, Phasecraft, and Standard Chartered Bank. The project, funded by the UK government, aimed to enhance the UK's quantum computing talent and infrastructure. Rigetti plans to deliver a 24-qubit quantum computing system to the National Quantum Computing Centre (NQCC) next.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.04%
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News
Rigetti Computing Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Rigetti Computing, Inc. (RGTI) announces financial results for Q4 and full year 2023, with total revenues of $12.0 million and net loss of $75.1 million. The company deploys advanced quantum computing systems, such as the Ankaa-2 and Novera QPU, achieving significant milestones in error performance and qubit fidelity. Rigetti secures key partnerships and grants to advance quantum machine learning techniques for finance and quantum benchmarking programs. The company aims to develop higher performing QPUs, with plans for the Ankaa-3 system and beyond.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
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earnings
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Rigetti Computing to Report Fourth Quarter and Full Year 2023 Financial Results and Host Conference Call on March 14, 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.1%
Tags
conferences earnings
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News
Riverlane and Rigetti Computing Partner with Oak Ridge National Laboratory to Work to Improve HPC-Quantum Integration
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.61%
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none
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Rigetti Computing Wins Innovate UK Competition to Deliver a 24-qubit Quantum Computing System to the National Quantum Computing Centre
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.08%
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News
Rigetti Computing Awarded Innovate UK Grant to Develop Quantum Machine Learning Techniques for Financial Data Streams
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.31%
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none
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News
Rigetti Announces Public Availability of Ankaa-2 System with a 2.5x Performance Improvement Compared to Previous QPUs
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.26%
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none
News
Rigetti Launches the Novera QPU, the Company’s First Commercially Available QPU
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.94%
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Rigetti Computing Inc

Nasdaq:RGTIW

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Semiconductor and Related Device Manufacturing
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About RGTIW

rigetti quantum computing is a y combinator and venture-backed team of scientists and engineers developing the world's first general-purpose quantum supercomputing systems to solve humanity's greatest computational challenges. the company is based in berkeley, ca