Rigetti expands collaboration to build a hybrid quantum-classical supercomputer
The project involves a 9-qubit Novera system and a $5 million NSF grant
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Quantum computing hardware and software provider
rigetti.comLast updated
In short: Rigetti expanded its quantum leadership by securing up to $100 million in CHIPS Act funding and launching its 108-qubit Cepheus system.
The project involves a 9-qubit Novera system and a $5 million NSF grant
A conference call at 5:00 p.m. ET will follow to discuss financial results and business operations.
The LOI includes up to $100 million in funding for superconducting quantum computing R&D accelerating key technical challenges.
Revenue of $4.4 million and GAAP net income of $33.1 million.
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