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.
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.
Rigetti Computing, Inc. (NASDAQ: RGTI) is set to join the Russell 3000® Index effective June 27, 2022. This inclusion, praised by CEO Chad Rigetti, aligns with the company’s mission to advance quantum computing technology. The Russell 3000® Index represents the largest 3,000 publicly traded U.S. companies and is a benchmark for significant institutional equity assets. Rigetti's participation underscores its growing influence in the quantum computing sector as it integrates its quantum processors into cloud services.
Rigetti UK Limited has launched its first UK-based 32-qubit Aspen-series quantum computer, accessible via the cloud through Rigetti QCS™. This initiative is part of a consortium aiming to commercialize quantum computing in the UK, involving partners like Oxford Instruments and Standard Chartered Bank. The project is supported by funding from the UK government's Quantum Technologies Challenge. Rigetti UK also received two Innovate UK awards to enhance quantum error correction and application optimization.
Rigetti Computing (Nasdaq: RGTI) announced that founder and CEO Chad Rigetti will participate in a fireside chat at the 17th annual Needham Technology & Media Conference. The event is scheduled for May 19, 2022, from 11:45 a.m. to 12:25 p.m. ET. Investors can access a live webcast through the Investor Relations section of Rigetti's website, with a replay available for one year post-event.
Rigetti is a leader in quantum-classical computing, offering cloud-based quantum computing services since 2017.