Rigetti signs LOI with U.S. government for quantum research
The LOI includes up to $100 million in funding for superconducting quantum computing R&D accelerating key technical challenges.
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Quantum computing hardware and software provider
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In short: Rigetti launched its 108-qubit Cepheus system and secured up to $100 million in potential CHIPS Act funding to accelerate quantum research.
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.
They highlight collaborations with industry, government, and academia, including a 36-qubit computer at NQCC, and plan further investments.
The system, Cepheus-1-108Q, is Rigetti's largest modular quantum computer, now accessible via Rigetti QCS and Amazon Braket.
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