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Rigetti Computing, Inc. announced its financial results for Q4 and the full year of 2024, revealing revenues of $2.3 million for the quarter and $10.8 million for the year. The company reported significant operating losses, totaling $68.5 million for the year, and a net loss of $201 million, largely due to non-cash charges. Rigetti also highlighted a strategic collaboration with Quanta Computer to advance superconducting quantum computing technologies.
The partnership with Quanta involves a mutual investment of over $100 million, aiming to leverage both companies' strengths in the quantum computing market. Rigetti's recent technological advancements include the launch of the 84-qubit Ankaa-3 system, which achieved record high fidelity in quantum operations. Additionally, AI-powered calibration tools were successfully utilized to enhance the performance of Rigetti's quantum processing units.
• Rigetti's collaboration with Quanta aims to enhance quantum computing technologies.
• AI tools automated calibration of Rigetti's quantum processing units.
Quantum computing refers to the use of quantum-mechanical phenomena to perform computation, which Rigetti specializes in.
Superconducting qubits are a type of quantum bit used in quantum computers, which Rigetti is developing for enhanced performance.
AI-powered calibration involves using artificial intelligence to optimize the performance of quantum systems, as demonstrated by Rigetti's recent advancements.
Rigetti Computing is a leader in quantum computing, focusing on developing superconducting quantum technologies and cloud services.
Quanta Computer is a major player in computer server manufacturing, collaborating with Rigetti to advance quantum computing capabilities.
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