FREMONT, Calif., Sept. 16, 2022 (GLOBE NEWSWIRE) — Rigetti Computing, Inc. (“Rigetti” or the “Company”) (Nasdaq: RGTI), shares pioneering commercial developments in hybrid quantum-classical computing. Ahead of the previously announced investor day, including updates on its partnerships, the Fab-1 facility and the status of its technology roadmap.
“As a trailblazer in quantum, Righetti is focused on delivering performance at scale while maintaining the goal of being the industry standard,” said Chad Righetti, the company’s founder and CEO. “We are making strategic investments in quantum hardware, software and partnerships that we believe will enable us to move to quantum advantage.”
Righetti continued, “Additionally, we are excited to announce several key partnerships. “These include a collaboration with BlueForce to develop new modular dilution fridges to support 336Q, 1,000+ qubit and 4,000+ qubit quantum processing units. Earlier this week, we released a public preview of our 80Q Aspen-M-2 and 40Q Aspen-11 systems on Microsoft Azure Quantum. RIGATI quantum computers are currently available on two of the world’s largest public cloud platforms.
Keysight True-Q error mitigation tools on Rigetti Quantum Cloud Services (QCS™).
Rigetti expects to soon release Keysight’s True-Q error reduction software integrated with Rigetti QCS in the coming months. For Righetti, this will be the first third-party software tool to be directly integrated into the QCS platform, enabling the acceleration of the company’s partnership strategy to quantum advantage.
“Keysight’s True-Q software brings the broad set of capabilities that Rigetti’s user base needs to achieve high-performance quantum computing,” said Joseph Emerson, QES Director of Advanced Research at Keysight Technologies. “We’ve worked together to streamline access to Keysight’s advanced quantum computing technologies for Regetti customers. I’m excited to see the results of Keysight’s software tools integrated with the Regetti platform.
Cooperation Working with NVIDIA to develop a hybrid GPU-QPU workflow for climate modeling
Rigetti has launched a new collaboration with NVIDIA to develop a hybrid GPU-QPU workflow for climate modeling applications. The project aims to evaluate the narrow quantum advantage in this research domain by applying quantum machine learning techniques in high-performance hybrid processing. The work will build on Righetti’s recent research into climate modeling applications.
“Addressing the growing climate challenges is one of society’s most critical tasks, and improving our climate modeling capabilities is essential to making informed decisions,” said Tim Costa, Director of HPC and Quantum Products at NVIDIA. “Working with Righetti, we will explore how combining the best of quantum and GPU-accelerated computing can solve this challenge.”
Public preview of Rigetti Quantum Processors is on Microsoft Azure Quantum
Earlier this week, Rigetti announced the release of Aspen-M-2 80-qubit and Aspen-11 40-qubit in public preview on Azure Quantum. Rigetti’s integration with Azure supports Quill, Rigetti’s native quantum programming language, and Quil-T for pulse level programming. With the announcement of Azure, Rigetti is now available on two of the world’s largest public cloud platforms.
Performance at Scale: Aims to deliver next-generation hardware by 2023.
- Righetti remains on track to deliver by 2023 with a focus on delivering modest performance against its previously announced hardware roadmap. The upcoming 84-qubit Ancaa™ system is scheduled for release in 2023, followed by the 336-qubit Lyra™ system expected in 2023. Anka and Lira are expected to leverage Regatta’s fourth-generation circuit architecture to deliver high connectivity and tunable coupling. Finally, to provide more than 99% reliability. In particular, the Lira system is expected to combine Rigeti’s multi-chip scaling technology with its fourth-generation architecture to bring together Rigeti’s growth in size and performance.
- Righetti is expanding its Fab-1 facility, which is expected to be completed by the end of the fourth quarter of 2022. The build will include an additional 5,000 square feet of clean room space for wafer manufacturing — potentially doubling its original capacity — as well as additional capabilities to perform tightly integrated cryo-microwave testing on Rigetti’s quantum chips.
- Righetti has entered into a partnership with Blueforce, a supplier of next-generation cryogenics systems that Righetti expects will use 336-qubit, 1,000+ qubit and 4,000+ qubit quantum processing units. These new KDED cryogenic platforms are expected to offer greater size, cooling power and modular design to support Rigetti’s integrated product roadmap. Righetti plans to deliver the first KIDE in early 2023, with subsequent deliveries planned for late 2023 and beyond.
As previously announced, Righetti’s Investor Day will be held today from 8:30 a.m. to 11:00 a.m. PT (11:30 a.m. to 2:00 p.m. ET). Virtual attendees can join the webcast and access related presentation materials here: https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI%3A4%3BF%3AQS%2110100&ShowKey=206179&Referrer=https%3A//onlinexperiences.com/scripts/Server.nxp
Righetti is a pioneer of full-stack quantum computing. The company has been running quantum computers on the cloud since 2017 and serves its global enterprise, government, and research customers through the Rigetti Quantum Cloud Services platform. The company’s proprietary quantum-classical infrastructure provides ultra-low-latency integration with public and private clouds for high-performance practical quantum computing. Righetti has developed the industry’s first multi-chip quantum processor for targeted quantum computing systems. The company designs and manufactures chips in-house at Fab-1, the industry’s first dedicated and integrated quantum device manufacturing facility. Righetti has more than 150 patents awarded and pending. The company It was founded in 2013 by Chad Righetti and today employs over 180 people in the US, UK and Australia. Learn more at www.rigetti.com.
Rigetti Computing, Inc.
Cautionary Language Regarding Forward-Looking Statements
Certain statements in this communication may be considered forward-looking statements, including the Company’s expectations for an 84-qubit quantum computer, a 336-qubit multi-chip processor, a 1,000+ qubit system and a 4,000+ qubit system. including the timing and potential performance of these systems; expectations related to the Company’s technology roadmap and timing; expectations regarding the partnership with BlueForce, including the development of necessary cooling systems to support the Company’s technology roadmap and timing; Expected to introduce the use of fourth-generation circuit architecture designed to deliver more than 99% fidelity and high connectivity and adaptive connectivity. The company’s Fab-1 expansion time, capacity and potential; Expectations for the release of Keysight’s True-Q error reduction software integrated into Regetti’s QCS in the coming months regarding the company’s partnership with NVIDIA to assess its potential for narrow quantum applications, including its ability to address climate challenges; Expectations regarding the company’s goal of delivering performance in line with the company [goal/mission] The ability to be the industry standard and strategic investments in Quantum hardware, software and partnerships to enable growth towards Quantum Advantage, and expectations related to the growth of the business, including potential future government and commercial contracts, development activities and expansion of QCaaS. Forward-looking statements generally relate to future events and can be identified by words such as “pro forma,” “could,” “should,” “could,” “might,” “plan,” “potential,” “project.” “endeavour”, “budget”, “forecast”, “expect”, “think”, “will”, “estimate”, “believe”, “predict”, “potential”, “pursue”, “aim”, “goal” ” ”, “mission,” “attitude,” “expect” or “continue” or negatives or variations of these terms or similar terms. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. These forward-looking statements are based on assumptions and assumptions that, while considered reasonable by Righetti and management, are inherently uncertain. Factors that could cause actual results to differ materially from current expectations include, but are not limited to: Rigetti’s ability to achieve milestones, technological advances, including its roadmap, to help unlock quantum computing and develop practical applications. Rigetti’s ability to successfully and timely complete ongoing negotiations with government contractors; The potential for quantum computing; Righetti’s ability to obtain government contracts and the availability of government funding; Rigetti’s ability to expand its QCaaS business; The success of Rigetti’s partnerships and collaborations; Righetti’s ability to accelerate the development of several generations of quantum processors; the outcome of any legal proceedings that may be brought against Righetti or others; Ability to meet stock exchange listing standards; the threat of a business combination disrupting Rigetti’s current plans and operations; The ability to recognize the benefits of its recent business combination with Supernova, among other things, competition, allows Righetti to grow and grow profitably, maintain relationships with customers and suppliers, and retain leadership and key. employees; expenses from the business combination with Supernova and operating as a public company; changes in applicable laws or regulations; the possibility that Regetti may be adversely affected by other economic, business or competitive conditions, Regetti’s costs and profitability estimates; the evolution of the markets in which Rigetti competes; Righetti’s ability to execute on the technology map; Righetti’s ability to implement its strategic initiatives, expansion plans and continue to innovate its existing services, the impact of the COVID-19 pandemic on Righetti’s business; the expected benefit of the company’s past and future financing or other capital; Adequacy of financial resources of Regetti; Unfavorable conditions in the retail industry, the global economy or global supply chain, volatility and uncertainty in financial and credit markets, inflation, price increases, international trade relations, political turmoil, natural disasters, war (e.g. ongoing military conflict between Russia conflict and Ukraine and related sanctions against Russia), and terrorist attacks; Other risks and uncertainties listed in the “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” sections of the Company’s Form 8-K filed with the Securities and Exchange Commission (SEC) on March 7 , 2022 and the Company’s Form 10-Q for the three months ended March 31, 2022 and other documents filed by the Company with the SEC from time to time, including the Company’s Quarterly Report on Form 10. -Q The three months ended on June 30, 2022. These documents identify other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and the Company undertakes no obligation and does not intend to revise or revise these forward-looking statements other than as required by applicable law. The company does not make any guarantees that it will achieve its expectations.
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