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.
The Rigetti Computing warrants (Nasdaq: RGTIW) are tied to Rigetti Computing, Inc. (RGTI), which regularly issues news about its progress in full-stack quantum computing and hybrid quantum-classical systems. News related to Rigetti covers developments in superconducting qubit technology, multi-chip quantum processors, cloud-delivered quantum computing, and on-premises quantum systems for research and development.
Company press releases describe milestones such as the general availability of Cepheus-1-36Q, a 36-qubit multi-chip quantum computer based on four 9-qubit chiplets, and roadmap updates for larger systems like the 108-qubit Cepheus-1-108Q. Rigetti also reports on performance metrics, including median two-qubit gate fidelities on its 9-, 36-, and 108-qubit systems, and on technology features such as chiplet-based architectures, faster two-qubit gates, and enhanced coupler designs.
Investors and researchers following RGTIW-related news will see announcements about on-premises Novera quantum computing systems, purchase orders from commercial and research customers, and deployments at institutions such as Montana State University’s QCORE and the Air Force Research Laboratory. News items also highlight collaborations and contracts, including a three-year AFRL contract with QphoX to advance superconducting quantum networking, a Memorandum of Understanding with India’s C-DAC to explore co-development of hybrid quantum computing systems, and Rigetti’s support for NVIDIA NVQLink for AI supercomputer–quantum integration.
In addition, Rigetti issues quarterly financial results, technology roadmap updates, and conference participation notices, giving context on its capital position, R&D focus, and engagement with the broader quantum ecosystem. For users tracking RGTIW, this news flow provides insight into the underlying company’s technology evolution, commercial activity, and strategic partnerships.
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Rigetti Computing announced its financial results for Q4 and the full year 2022, highlighting a revenue increase to $6.1 million in Q4 compared to $1.8 million in Q4 2021. However, operating expenses rose sharply to $32.0 million, leading to an operating loss of $26.7 million. For the full year, Rigetti reported total revenues of $13.1 million and a net loss of $71.5 million. The company aims to reach 99% median 2-qubit fidelity on its 84-qubit Ankaa-2 chip by 2024. Rigetti is focusing on strategic priorities, including a workforce reduction to preserve cash and plans for future funding needs.
Rigetti Computing, Inc. (Nasdaq: RGTI) announced it will release its fourth quarter and full year 2022 results on March 27, 2023, after market close. A conference call will be held the same day at 5:00 p.m. ET to discuss the financial results and provide an operational update. Interested participants can access the call via a provided webcast link and must register to join the live discussion. Rigetti is recognized for its pioneering role in hybrid quantum-classical computing and operates a dedicated quantum device manufacturing facility, supporting global clients through its Quantum Cloud Services platform.
Rigetti Computing, Inc. (NASDAQ: RGTI) has announced a revised business strategy focused on immediate priorities, including an updated technology roadmap and leadership changes. The company will release the Ankaa-1 84-qubit system in Q1 2023, with enhanced performance goals. Jeffrey Bertelsen has been appointed as CFO, replacing Brian Sereda, who will assist during the transition. Additionally, David Rivas has been promoted to CTO. To reduce operating expenses, Rigetti is implementing a workforce reduction of approximately 28%. The strategic changes aim to concentrate on achieving narrow quantum advantage and improving operational efficiency.
Rigetti Computing will attend the 25th Annual Needham Growth Conference on January 10, 2023. Key executives, including Dr. Subodh Kulkarni, President and CEO, will present from 1:30-2:10 p.m. ET. Investors can access a live webcast of the presentation and accompanying slides on the Company’s Investor Relations website. Rigetti is recognized for its pioneering work in quantum computing, having developed the first multi-chip quantum processor and offering cloud-based services since 2017. The Company holds over 150 patents and has a workforce of more than 190 people.
Rigetti Computing, Inc. appointed Dr. Subodh Kulkarni as President and CEO, effective December 12, 2022, succeeding Dr. Chad Rigetti. Dr. Kulkarni, with over 30 years in the semiconductor industry, aims to enhance Rigetti's growth in quantum computing. He previously served as CEO of CyberOptics Corporation until its acquisition in November 2022. The transition also includes Mr. Rick Danis resuming his role as General Counsel. The company continues to pioneer in hybrid quantum-classical systems and operates quantum computers over the cloud, emphasizing its innovative capabilities.
Strangeworks and Rigetti Computing (Nasdaq: RGTI) announced a partnership to introduce two quantum machine learning (QML) applications on the Strangeworks platform by early 2023. These applications, the quantum kernel and quanvolutional neural network methods, are tailored for Rigetti's quantum computers, designed to enhance classification and regression tasks. Clients will access these applications through a pay-as-you-go model, providing lower latency and optimized support. Additionally, Rigetti plans to join the Strangeworks Backstage Pass program, offering users up to $10,000 in sponsored credits.
Rigetti Computing, Inc. (Nasdaq: RGTI) has announced an extension for filing its Form 10-Q for Q3 2022 due to ongoing adjustments and internal control evaluations. The previously scheduled earnings call will be repurposed for a business update. Rick Danis has been appointed Interim CEO following the transition from former CEO Chad Rigetti. Rigetti highlighted progress on 84-qubit Ankaa and 336-qubit Lyra systems, partnerships with Bluefors, Nvidia, and Keysight, and launched their quantum systems on major cloud platforms. However, the company will restate financials for Q1 and Q2 2022 due to valuation adjustments.
Rigetti Computing, Inc. (Nasdaq: RGTI) announced that its Founder, Dr. Chad Rigetti, will resign from his roles as President, CEO, and Board Director effective December 15, 2022. The company is actively searching for a successor; if one is not found by the resignation date, Rick Danis, General Counsel, will serve as interim CEO. The Board expressed confidence in Danis's abilities and the technical team’s capacity to maintain progress in quantum computing innovation.