FREMONT, Calif., Sept. 16, 2022 (GLOBE NEWSWIRE) — Rigetti Computing, Inc. (“Rigetti” or the “Company”) (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, will share business developments, together with updates concerning its partnerships, Fab-1 facility, and standing of its know-how roadmap, forward of its beforehand introduced inaugural investor day.
“As a trailblazer in quantum, Rigetti is focused on delivering performance at scale with the goal of becoming the industry standard,” stated Chad Rigetti, founder and CEO of the Company. “We are making strategic investments in quantum hardware, software, and partnerships that we believe will enable us to progress toward Quantum Advantage.”
“In addition, we’re excited to announce several key partnerships,” Rigetti continued. “These include a partnership with Bluefors to develop new modular dilution fridges to support our planned 336Q, 1,000+ qubit, and 4,000+ qubit quantum processing units. Earlier this week, we announced the public preview of our current 80Q Aspen-M-2 and 40Q Aspen-11 systems on Microsoft’s Azure Quantum. Rigetti quantum computers are now available on the world’s two largest public cloud platforms.”
Keysight True-Q Error Mitigation Tools on Rigetti Quantum Cloud Services (QCS™)
Rigetti anticipates the upcoming launch of Keysight’s True-Q error mitigation software program built-in into Rigetti QCS within the coming months. For Rigetti, this would be the first third occasion software program software to be built-in immediately into the QCS platform, anticipated to advance the Company’s partnership technique to speed up towards quantum benefit.
“Keysight’s True-Q software brings a broad suite of capabilities that is expected to help Rigetti’s user base achieve higher performance quantum computing,” stated Joseph Emerson, Director of Advanced Research, QES at Keysight Technologies. “We have worked together to streamline access for Rigetti customers to Keysight’s advanced quantum compiler technologies. I am excited to see the results of the integration of Keysight software tools with the Rigetti platform.”
Collaboration with NVIDIA to Develop Hybrid GPU-QPU Workflow for Climate Modeling
Rigetti is embarking on a brand new collaboration with NVIDIA to develop a hybrid GPU-QPU workflow for local weather modeling purposes. The mission goals to guage the potential for slender quantum benefit on this analysis area by making use of quantum machine studying methods in a high-performance hybrid workflow. The work builds on current climate modeling software analysis by Rigetti.
“Addressing the challenges of an evolving climate is one of society’s most important tasks, and improving our ability to model the climate is essential to making data-driven decisions,” stated Tim Costa, Director of HPC and Quantum Product at NVIDIA. “Working with Rigetti, we’ll explore how combining the best of quantum and GPU-accelerated computing can help address this challenge.”
Public Preview of Rigetti Quantum Processors on Microsoft Azure Quantum
Earlier this week, Rigetti introduced the discharge of its Aspen-M-2 80-qubit and Aspen-11 40-qubit in public preview on Azure Quantum. Rigetti’s integration with Azure helps Quil, Rigetti’s native quantum programming language, and Quil-T for pulse stage programming. With the Azure announcement, Rigetti is now out there on the world’s two largest public cloud platforms.
Performance at Scale: Aiming to Deliver Next-Generation Hardware in 2023
- Rigetti stays on monitor to ship in opposition to its beforehand disclosed {hardware} roadmap in 2023 with a deal with delivering efficiency at scale. The upcoming 84-qubit Ankaa™ system is deliberate for launch in 2023, adopted by the 336-qubit Lyra™ system anticipated later in 2023. Ankaa and Lyra are anticipated to leverage Rigetti’s fourth era circuit structure, introducing larger connectivity and tunable coupling, designed to finally ship fidelities exceeding 99%. Notably, the Lyra system is predicted to carry collectively Rigetti developments in scale and efficiency by combining Rigetti’s current multi-chip scaling know-how with the fourth era structure.
- Rigetti is increasing its Fab-1 facility, which it expects to be accomplished late within the fourth quarter of 2022. The build-out contains a further 5,000 sq. toes of unpolluted room area for wafer manufacturing—practically doubling its authentic capability—in addition to further capabilities for performing tightly built-in cryo-microwave testing on Rigetti quantum chips.
- Rigetti has entered right into a partnership with Bluefors, a number one supplier of cryogenic methods, to develop next-generation cryogenic platforms anticipated for use for Rigetti’s anticipated 336-qubit, 1,000+ qubit, and 4,000+ qubit quantum processing items. These new KIDE cryogenic platforms are anticipated to offer the bigger measurement, elevated cooling energy, and modular design wanted to assist Rigetti’s built-in product roadmap. Rigetti plans to take supply of its first KIDE in early 2023, with subsequent deliveries deliberate for late 2023 and past.
Editor’s Note
As beforehand introduced, Rigetti’s Investor Day takes place at present at 8:30 a.m. to 11:00 a.m. PT (11:30 a.m. to 2:00 p.m. ET). Virtual members can be a part of the webcast and entry the corresponding presentation supplies right here: https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI%3A4%3BF%3AQS%2110100&ShowKey=206179&Referrer=https%3A//onlinexperiences.com/scripts/Server.nxp
About Rigetti
Rigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computer systems over the cloud since 2017 and serves world enterprise, authorities, and analysis purchasers via its Rigetti Quantum Cloud Services platform. The Company’s proprietary quantum-classical infrastructure offers ultra-low latency integration with private and non-private clouds for high-performance sensible quantum computing. Rigetti has developed the business’s first multi-chip quantum processor for scalable quantum computing methods. The Company designs and manufactures its chips in-house at Fab-1, the business’s first devoted and built-in quantum system manufacturing facility. Rigetti has greater than 150 patents awarded and pending. The Company was based in 2013 by Chad Rigetti and at present employs greater than 180 individuals with workplaces within the United States, U.Okay. and Australia. Learn extra at www.rigetti.com.
Media Contact:
Rigetti Computing, Inc.
Brad Williams
[email protected]
Cautionary Language Concerning Forward-Looking Statements
Certain statements on this communication could also be thought of forward-looking statements, together with statements with respect to expectations for the anticipated launch of the Company’s 84-qubit quantum pc, 336-qubit multi-chip processor, 1,000+ qubit system, and 4,000+ qubit system, together with these methods’ timing and potential efficiency; expectations referring to the Company’s know-how roadmap and the timing thereof; expectations with respect to its partnership with Bluefors, together with the event of crucial fridges to assist the Company’s know-how roadmap and the timing thereof; expectations with respect to leveraging fourth era circuit structure and introducing larger connectivity and tunable coupling, designed to finally ship fidelities exceeding 99%; the timing, capabilities and capability of the Company’s fab-1 enlargement; expectations with respect to the Company’s partnership with NVIDIA to guage the potential for slender quantum benefit, together with the potential to handle local weather challenges; expectations with respect to the anticipated launch of Keysight’s True-Q error mitigation software program built-in into Rigetti QCS within the coming months; expectations with respect to the Company’s aim of delivering efficiency at scale with the [goal/mission] of being the business commonplace and the flexibility of its strategic investments in quantum {hardware}, software program, and partnerships to allow progress towards Quantum Advantage; and expectations referring to development of the business, together with with respect to future potential authorities and industrial contracts, growth actions and enlargement of QCaaS. Forward-looking statements usually relate to future occasions and will be recognized by terminology similar to “pro forma,” “may,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “will,” “estimate,” “believe,” “predict,” “potential,” “pursue,” “aim,” “goal,” “mission,” “outlook,” “anticipate” or “continue,” or the negatives of those phrases or variations of them or related terminology. Such forward-looking statements are topic to dangers, uncertainties, and different elements which might trigger precise outcomes to vary materially from these expressed or implied by such forward-looking statements. These forward-looking statements are based mostly upon estimates and assumptions that, whereas thought of affordable by Rigetti and its administration, are inherently unsure. Factors which will trigger precise outcomes to vary materially from present expectations embody, however should not restricted to: Rigetti’s potential to realize milestones, technological developments, together with with respect to its roadmap, assist unlock quantum computing, and develop sensible purposes; the flexibility of Rigetti to finish ongoing negotiations with authorities contractors efficiently and in a well timed method; the potential of quantum computing; the flexibility of Rigetti to acquire authorities contracts and the provision of presidency funding; the flexibility of Rigetti to broaden its QCaaS business; the success of Rigetti’s partnerships and collaborations; Rigetti’s potential to speed up its growth of a number of generations of quantum processors; the result of any authorized proceedings that could be instituted in opposition to Rigetti or others; the flexibility to satisfy inventory change itemizing requirements; the danger that the business mixture disrupts present plans and operations of Rigetti; the flexibility to acknowledge the anticipated advantages of its current business mixture with Supernova, which can be affected by, amongst different issues, competitors, the flexibility of Rigetti to develop and handle development profitably, keep relationships with clients and suppliers and retain its administration and key workers; prices associated to the business mixture with Supernova and working as a public firm; adjustments in relevant legal guidelines or rules; the chance that Rigetti could also be adversely affected by different financial, business, or aggressive elements; Rigetti’s estimates of bills and profitability; the evolution of the markets through which Rigetti competes; the flexibility of Rigetti to execute on its know-how roadmap; the flexibility of Rigetti to implement its strategic initiatives, enlargement plans and proceed to innovate its current providers; the impression of the COVID-19 pandemic on Rigetti’s business; the anticipated use of proceeds from the Company’s previous and future financings or different capital; the sufficiency of Rigetti’s money sources; unfavorable circumstances in Rigetti’s business, the worldwide economy or world provide chain, together with monetary and credit score market fluctuations and uncertainty, rising inflation, elevated prices, worldwide commerce relations, political turmoil, pure catastrophes, warfare (similar to the continuing navy battle between Russia and Ukraine and associated sanctions in opposition to Russia), and terrorist assaults; and different dangers and uncertainties set forth within the part entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” within the registration on Form S-4, the Company’s Form 8-Okay filed with the Securities and Exchange Commission (the “SEC”) on March 7, 2022, and within the Company’s Form 10-Q for the three months ended March 31, 2022, and different paperwork filed by the Company infrequently with the SEC, together with the Company’s Quarterly Report on Form 10-Q for the three months ended June 30, 2022. These filings determine and deal with different necessary dangers and uncertainties that would trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Forward-looking statements communicate solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and the Company assumes no obligation and doesn’t intend to replace or revise these forward-looking statements aside from as required by relevant legislation. The Company doesn’t give any assurance that it’ll obtain its expectations.
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