
US QC Supplier Rigetti’s Recent Realignment: Positing Its Larger Implications
$3,000.00
Authors: Bob Sorensen, Tom Sorensen
Publication Date: February 2023
Length: 3 pages
In early February 2023, pure-play quantum computing (QC) firm Rigetti Computing Inc announced the layoff of 50 employees, 28% of its staff, fueled in part by an effort to stave off a delisting of its stock from the Nasdaq exchange. To avoid that, Rigetti must maintain a per share price of above $1 for ten consecutive days before a July 24th deadline. The announcement, coupled with a reshuffling of both CFO and CTO positions, also highlighted a revised technology roadmap for Rigetti that concentrates on the delivery of its Ankaa 84 qubit system in the first quarter of 2023, with increased 2-qubit gate fidelity, capable of demonstrating quantum advantage on a practical, operationally relevant problem over counterpart classical solutions.
Related Products
ORNL’s Summit Supercomputer: World’s Fastest HPC On Wide Application Base
Bob Sorensen, Earl Joseph, Steve Conway, Alex Norton
DOE's recent announcement of the operational Summit supercomputer at Oak Ridge National Laboratory (ORNL) marks a shift in the global lead for supercomputer performance from China back to the United States.
June 2018 | Quick Take
RIKEN Supercomputer Is Number One in the World on the Demanding HPCG Benchmark Test
Alex Larzelere, Bob Sorensen, Earl Joseph, Steve Conway and Alex Norton
At SC17 in Denver, the Japanese RIKEN K computer emerged for the third straight time as the world's most powerful supercomputer based on the High Performance Conjugate Gradient (HPCG) benchmark list. Although China's Tianhe-2 supercomputer has been widely seen as number one in the world based on its LINPAC rating, the HPCG test that the K computer excelled on may be more representative of the range of real-world HPC problems encounter by users. Riken's K computer has been either number one or two since the HPCG list came out in 2014.
June 2018 | Quick Take